Carvana Co. (CVNA) CFO exercises options, sells 63,750 shares
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.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Buyer: 126,954 shares
Net Buy
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 shares (Direct);
Class A Common Stock — 1,156,534 shares (Direct)
Footnotes (10)
- 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.
- 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.
- 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.
- 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.
- F5. This transaction was executed in multiple trades at prices ranging from $62.41 to $63.40 inclusive.
- F6. This transaction was executed in multiple trades at prices ranging from $63.41 to $64.40 inclusive.
- F7. This transaction was executed in multiple trades at prices ranging from $64.41 to $65.40 inclusive.
- F8. This transaction was executed in multiple trades at prices ranging from $65.41 to $66.04 inclusive.
- 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.
- 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"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
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.
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.