STOCK TITAN

Carvana (NYSE: CVNA) exec has shares withheld to cover RSU tax bill

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

CARVANA CO. executive Taira Thomas reported an automatic share disposition related to equity compensation. On the reported date, 3,949 shares of Class A Common Stock were withheld at $67.87 per share to cover tax obligations arising from the vesting of restricted stock units. After this tax-withholding event, Thomas directly held 311,126 shares, indicating this was a routine compensation-related transaction rather than an open-market trade.

Positive

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Insider Taira Thomas
Role President, Special Projects
Type Security Shares Price Value
Tax Withholding Class A Common Stock 3,949 $67.87 $268K
Holdings After Transaction: Class A Common Stock — 311,126 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Shares withheld for taxes 3,949 shares Tax-withholding disposition on vested restricted stock units
Transaction price per share $67.87 per share Price used for reporting the tax-withholding transaction
Shares held after transaction 311,126 shares Direct Class A Common Stock holdings following the event
Tax-withholding transactions 1 transaction, 3,949 shares Summary of tax-withholding activity in this Form 4
restricted stock units financial
"withheld for taxes upon vesting of restricted stock units pursuant to various awards"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Class A Common Stock financial
"Represents total number of shares of Class A Common Stock of the Issuer withheld for taxes"
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.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for the 3,949 withheld shares"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Form 4 regulatory
"footnote to the Form 4 filing describing the tax-withholding event"
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.
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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED 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)
Director10% Owner
XOfficer (give title below)Other (specify below)
President, Special Projects
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock07/01/2026F3,949(1)D$67.87311,126D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents total number of shares of Class A Common Stock of the Issuer withheld for taxes upon vesting of restricted stock units pursuant to various awards.
Remarks:
/s/ Paul Breaux, by Power of Attorney for Thomas Taira07/02/2026
** Signature of Reporting PersonDate
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)

FAQ

What insider transaction did CARVANA (CVNA) report for Taira Thomas?

CARVANA disclosed that executive Taira Thomas had 3,949 Class A shares withheld to satisfy taxes on vesting restricted stock units. This filing reflects a routine compensation-related tax-withholding event, not an open-market purchase or sale of stock by the executive.

Was the CARVANA (CVNA) insider transaction an open-market sale?

No, the transaction was not an open-market sale. The 3,949 Class A shares were withheld by CARVANA to cover tax liabilities triggered when restricted stock units vested, as described in the footnote to the Form 4 filing.

How many CARVANA (CVNA) shares does Taira Thomas hold after the transaction?

After the tax-withholding disposition, Taira Thomas directly holds 311,126 shares of CARVANA Class A Common Stock. This post-transaction holding shows the executive retains a substantial equity position following the routine vesting-related share withholding.

What price per share was used in the CARVANA (CVNA) tax-withholding transaction?

The tax-withholding disposition used a price of $67.87 per share for the 3,949 CARVANA Class A shares. This figure appears in the Form 4 as the transaction price and is used solely for this compensation-related event’s reporting.

What triggered the CARVANA (CVNA) tax-withholding disposition on the Form 4?

The disposition was triggered by the vesting of restricted stock units previously granted to executive Taira Thomas. CARVANA withheld 3,949 Class A shares to satisfy related tax obligations, as explicitly stated in the Form 4 footnote describing the transaction.