Carvana (NYSE: CVNA) officer reports 25,000-share insider sale under Rule 10b5-1 plan

Rhea-AI Filing Summary

Carvana Co. insider trading report: A company officer, listed as President, Special Projects, reported selling 25,000 shares of Carvana Class A common stock on 12/03/2025 at a price of $400 per share. After this sale, the officer beneficially owns 80,832 shares directly. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan that the reporting person adopted on August 8, 2025, which is designed to allow insiders to sell shares according to a predetermined schedule.

Insider Trade Summary

Net Seller: 25,000 shares ($10,000,000)

Net Sell 1 txn

Insider Taira Thomas

Role President, Special Projects

Sold 25,000 shs ($10.00M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	25,000	$400.00	$10.00M

Holdings After Transaction: Class A Common Stock — 80,832 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

Taira Thomas

(Last) (First) (Middle)

300 E. RIO SALADO PKWY

(Street)

TEMPE AZ 85281

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
12/03/2025

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

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

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

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	12/03/2025		S		25,000(1)	D	$400	80,832	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

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	12/04/2025
	** 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.

FAQ

What insider transaction did Carvana (CVNA) report in this Form 4?

A Carvana officer reported selling 25,000 shares of Class A common stock on 12/03/2025 at a price of $400 per share.

Who is the reporting person in the Carvana (CVNA) Form 4 filing?

The reporting person is an officer of Carvana, identified with the title President, Special Projects and filing as one reporting person.

How many Carvana (CVNA) shares does the insider own after the reported sale?

Following the transaction, the officer beneficially owns 80,832 shares of Carvana Class A common stock in direct ownership.

At what price were the Carvana (CVNA) shares sold in this insider transaction?

The 25,000 Carvana Class A shares were sold at a reported price of $400 per share.

Was the Carvana (CVNA) insider sale made under a Rule 10b5-1 trading plan?

Yes. The filing states the sale was made under a Rule 10b5-1 trading plan adopted by the reporting person on August 8, 2025.

Is the Carvana (CVNA) Form 4 filed by multiple reporting persons?

No. The Form 4 indicates it is filed by one reporting person, not a group filing.