Carvana CFO exercises options, sells 63,750 shares

Carvana Co. Chief Financial Officer Mark W. Jenkins reported multiple equity transactions.

Rhea-AI Filing Summary

Carvana Co. Chief Financial Officer Mark W. Jenkins reported multiple equity transactions. He exercised non‑qualified stock options for 50,000, 10,000 and 3,750 shares of Class A Common Stock at exercise prices of 2.0100, 8.4100 and 10.3900 per share, and on August 3, 2026 sold a total of 63,750 shares at volume‑weighted average prices of 63.1700, 64.0800, 64.9300 and 65.7500 per share, with these option exercises and sales effected under a Rule 10b5‑1 trading plan adopted on August 5, 2024. He also acquired restricted stock units covering 133,972.0000 shares that vest 25% on April 1, 2027 and monthly thereafter for the following three years, and had 7,018.0000 shares withheld on August 1, 2026 to satisfy tax obligations upon restricted stock unit vesting.

Insider Trade Summary 10b5-1

Net Seller: 63,750 shares

Net Sell 12 txns

Insider JENKINS MARK W.

Role Chief Financial Officer

Sold 63,750 shs ($4.11M)

Type	Security	Shares	Price	Value
Exercise	Stock Options (Right to Buy) F3, F9	0	$0.00	$0.00
Exercise	Stock Options (Right to Buy) F3, F10	0	$0.00	$0.00
Exercise	Stock Options (Right to Buy) F3, F10	0	$0.00	$0.00
Grant/Award	Class A Common Stock F2	133,972	$0.00	$0.00
Exercise	Class A Common Stock F3	50,000	$2.01	$100K
Exercise	Class A Common Stock F3	10,000	$8.41	$84K
Exercise	Class A Common Stock F3	3,750	$10.39	$39K
Sale	Class A Common Stock F3, F4, F5	7,940	$63.17	$502K
Sale	Class A Common Stock F3, F4, F6	24,287	$64.08	$1.56M
Sale	Class A Common Stock F3, F4, F7	22,886	$64.93	$1.49M
Sale	Class A Common Stock F3, F4, F8	8,637	$65.75	$568K
Tax Withholding	Class A Common Stock F1	7,018	$62.36	$438K

Holdings After Transaction: Stock Options (Right to Buy) — 837,810 contracts (Direct); Class A Common Stock — 1,156,534 shares (Direct)

Footnotes (10)

1. F1. 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.
2. F2. Represents shares of Class A Common Stock of Carvana Co. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. The restricted stock units vest 25% on April 1, 2027 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.
3. F3. The reported option exercises and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 5, 2024.
4. F4. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
5. F5. This transaction was executed in multiple trades at prices ranging from $62.41 to $63.40 inclusive.
6. F6. This transaction was executed in multiple trades at prices ranging from $63.41 to $64.40 inclusive.
7. F7. This transaction was executed in multiple trades at prices ranging from $64.41 to $65.40 inclusive.
8. F8. This transaction was executed in multiple trades at prices ranging from $65.41 to $66.04 inclusive.
9. F9. The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vested 25% on April 1, 2024 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.
10. F10. The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vested 25% on April 1, 2025 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

Key Figures

Total shares sold: 63750 shares Restricted stock units granted: 133972.0000 shares Shares withheld for taxes: 7018.0000 shares +4 more

7 metrics

Total shares sold 63750 shares Class A Common Stock sold on 2026-08-03 across four transactions

Restricted stock units granted 133972.0000 shares Class A Common Stock underlying RSUs awarded to the CFO

Shares withheld for taxes 7018.0000 shares Class A Common Stock withheld on 2026-08-01 for tax obligations on RSU vesting

Option exercise price and size 2.0100 per share; 50000.0000 underlying shares Non-qualified stock options exercised into Class A Common Stock

Option exercise price and size 8.4100 per share; 10000.0000 underlying shares Non-qualified stock options exercised into Class A Common Stock

Option exercise price and size 10.3900 per share; 3750.0000 underlying shares Non-qualified stock options exercised into Class A Common Stock

Example sale price and size 63.1700 per share; 7940.0000 shares One of four reported Class A Common Stock sale tranches on 2026-08-03

Key Terms

Rule 10b5-1 trading plan, restricted stock units, non-qualified stock options, volume weighted average sale price

4 terms

Rule 10b5-1 trading plan regulatory

"The reported option exercises and sales were 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.

restricted stock units financial

"Represents shares of Class A Common Stock underlying restricted stock units acquired by the Reporting Person"

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.

non-qualified stock options financial

"The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock"

Non-qualified stock options are a type of employee benefit that gives individuals the right to buy company shares at a set price, usually lower than the market value, within a certain period. Unlike other options that may have special tax advantages, these options are taxed as income when exercised, which can affect how much money the employee or investor ultimately gains. They are important because they can influence company compensation strategies and impact the financial outcomes for employees and investors.

volume weighted average sale price financial

"The price reported above reflects the volume weighted average sale price"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Carvana (CVNA) CFO Mark W. Jenkins report?

Mark W. Jenkins reported option exercises and stock sales. He exercised options covering 50,000, 10,000 and 3,750 shares of Class A Common Stock and sold a total of 63,750 shares on August 3, 2026 in several transactions at reported volume‑weighted average prices.

How many restricted stock units did Carvana (CVNA) grant to its CFO and how do they vest?

He received 133,972.0000 restricted stock units tied to Class A Common Stock. The units vest 25% on April 1, 2027 and then monthly for the following three years, subject to his continued service with Carvana Co.

Were the Carvana (CVNA) CFO’s trades made under a Rule 10b5-1 trading plan?

Yes. The option exercises and related stock sales were effected under a Rule 10b5‑1 trading plan that Mark W. Jenkins adopted on August 5, 2024, as disclosed in the footnotes and indicated by the Rule 10b5‑1 affirmation checkbox.

What tax-related share withholding did Carvana (CVNA) disclose for its CFO?

On August 1, 2026, 7,018.0000 shares of Class A Common Stock were withheld for taxes. The shares relate to Carvana restricted stock units that vested, and the withholding was used to satisfy associated tax obligations.

Was the Carvana (CVNA) CFO a net buyer or seller of shares in this Form 4?

Based on reported open‑market–type transactions, he was a net seller. The Form 4’s transaction summary shows 63,750 shares sold and netBuySellShares of -63,750, reflecting net selling activity during the reported period.

At what prices did the Carvana (CVNA) CFO exercise stock options?

He exercised non‑qualified stock options with exercise prices of 2.0100, 8.4100 and 10.3900 per share. These options corresponded to underlying rights to acquire 50,000, 10,000 and 3,750 shares of Carvana Class A Common Stock, respectively.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/04/2026 - 05:05 PM Accepted by SEC EDGAR 08/04/2026 - 05:04 PM Learn about SEC filing dates

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).

X

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^*

JENKINS MARK W.

(Last) (First) (Middle)

C/O CARVANA CO.

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)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2026

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	08/01/2026		F(1)		7,018	D	$62.36	1,022,562	D
Class A Common Stock	08/03/2026		A		133,972(2)	A	$0	1,156,534	D
Class A Common Stock	08/03/2026		M(3)		50,000	A	$2.01	1,206,534	D
Class A Common Stock	08/03/2026		M(3)		10,000	A	$8.41	1,216,534	D
Class A Common Stock	08/03/2026		M(3)		3,750	A	$10.39	1,220,284	D
Class A Common Stock	08/03/2026		S(3)		7,940	D	$63.17(4)(5)	1,212,344	D
Class A Common Stock	08/03/2026		S(3)		24,287	D	$64.08(4)(6)	1,188,057	D
Class A Common Stock	08/03/2026		S(3)		22,886	D	$64.93(4)(7)	1,165,171	D
Class A Common Stock	08/03/2026		S(3)		8,637	D	$65.75(4)(8)	1,156,534	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options (Right to Buy)	$2.01	08/03/2026		M(3)			0	04/01/2024(9)	02/22/2033	Class A Common Stock	50,000	$0	542,565	D
Stock Options (Right to Buy)	$8.41	08/03/2026		M(3)			0	04/01/2025(10)	01/24/2034	Class A Common Stock	10,000	$0	213,515	D
Stock Options (Right to Buy)	$10.39	08/03/2026		M(3)			0	04/01/2025(10)	02/13/2034	Class A Common Stock	3,750	$0	81,730	D

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.

2. Represents shares of Class A Common Stock of Carvana Co. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. The restricted stock units vest 25% on April 1, 2027 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

3. The reported option exercises and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 5, 2024.

4. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.

5. This transaction was executed in multiple trades at prices ranging from $62.41 to $63.40 inclusive.

6. This transaction was executed in multiple trades at prices ranging from $63.41 to $64.40 inclusive.

7. This transaction was executed in multiple trades at prices ranging from $64.41 to $65.40 inclusive.

8. This transaction was executed in multiple trades at prices ranging from $65.41 to $66.04 inclusive.

9. The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vested 25% on April 1, 2024 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

10. The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vested 25% on April 1, 2025 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

Remarks:

	/s/ Paul Breaux, by Power of Attorney for Mark W. Jenkins	08/04/2026
	** 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)