Carvana (NYSE: CVNA) executive sells shares under 10b5-1 trading plan

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

CARVANA CO. executive Taira Thomas, President, Special Projects, reported an open-market sale of Class A Common Stock. On April 8, 2026, Thomas sold 3,770 shares at a price of $341.00 per share.

The transaction was executed under a pre-arranged Rule 10b5-1 trading plan adopted by Thomas. After this sale, Thomas continues to hold 58,564 shares of Carvana Class A Common Stock directly.

Insider Trade Summary 10b5-1

Net Seller: 3,770 shares ($1,285,570)

Net Sell 1 txn

Insider Taira Thomas

Role President, Special Projects

Sold 3,770 shs ($1.29M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	3,770	$341.00	$1.29M

Holdings After Transaction: Class A Common Stock — 58,564 shares (Direct)

Footnotes (1)

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Key Figures

Shares sold: 3,770 shares Sale price: $341.00 per share Shares held after sale: 58,564 shares +2 more

5 metrics

Shares sold 3,770 shares Class A Common Stock sold on April 8, 2026

Sale price $341.00 per share Open-market sale of Carvana Class A Common Stock

Shares held after sale 58,564 shares Direct ownership following the reported transaction

Transaction type Open-market sale Non-derivative transaction classified with code S

Trading plan type Rule 10b5-1 plan Plan under which the reported sale was effected

Key Terms

Class A Common Stock, Rule 10b5-1 trading plan, open-market sale, Form 4

4 terms

Class A Common Stock financial

"security_title: "Class A Common Stock""

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Rule 10b5-1 trading plan regulatory

"The reported sale was effected pursuant to a Rule 10b5-1 trading plan"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

open-market sale financial

"transaction_action: "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

04/10/2026 - 05:38 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Taira Thomas

(Last)

(First)

(Middle)

300 E. RIO SALADO PKWY

(Street)

TEMPE

ARIZONA

85281

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CARVANA CO. [ CVNA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President, Special Projects

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	04/08/2026		S		3,770⁽¹⁾	D	$341	58,564	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The reported sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 8, 2025.

Remarks:

	/s/ Paul Breaux, by Power of Attorney for Thomas Taira	04/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Carvana (CVNA) executive Taira Thomas report in this Form 4 filing?

Taira Thomas reported selling 3,770 shares of Carvana Class A Common Stock at $341.00 per share. The sale was an open-market transaction and Thomas now directly holds 58,564 Class A shares following the reported trade.

Was the Carvana (CVNA) stock sale by Taira Thomas under a Rule 10b5-1 plan?

Yes. The filing states the reported sale was effected under a Rule 10b5-1 trading plan adopted by Taira Thomas. Such plans pre-schedule trades, indicating this sale followed a pre-arranged program rather than a discretionary, real-time trading decision.

How many Carvana (CVNA) shares did Taira Thomas sell and at what price?

Taira Thomas sold 3,770 shares of Carvana Class A Common Stock at a reported price of $341.00 per share. This single open-market transaction is the only sale listed in the filing’s non-derivative transaction table.

How many Carvana (CVNA) shares does Taira Thomas hold after this transaction?

After the transaction, Taira Thomas directly holds 58,564 shares of Carvana Class A Common Stock. This post-transaction ownership figure comes from the Form 4 table showing total shares beneficially owned following the reported sale.

Does the Carvana (CVNA) Form 4 show any option exercises or derivative transactions for Taira Thomas?

No derivative transactions are listed for Taira Thomas in this Form 4. The filing shows no option exercises and an empty derivative summary, indicating only a single non-derivative open-market sale of common stock was reported for the covered date.