Carvana (CVNA) officer sells 952 shares at $325 under 10b5-1

Carvana (CVNA) reported an insider transaction on a Form 4.

Rhea-AI Filing Summary

Carvana (CVNA) reported an insider transaction on a Form 4. Officer Thomas Taira, President, Special Projects, sold 952 shares of Class A Common Stock at $325 on 11/10/2025. Following the sale, he beneficially owned 116,507 shares, held directly.

The filing states the sale was effected under a Rule 10b5-1 trading plan adopted on August 8, 2025.

Insights

Corporate governance analyst

Routine insider sale under a pre-set 10b5-1 plan; neutral.

The transaction discloses an officer’s sale of 952 Class A shares at $325 on 11/10/2025, leaving 116,507 shares beneficially owned directly. The sale was conducted pursuant to a Rule 10b5-1 plan adopted on August 8, 2025, indicating a pre-arranged schedule.

Such filings document compliance and ownership changes. Actual market impact depends on holder actions beyond this disclosed sale; no broader company operational metrics are included here.

Insider Trade Summary

Net Seller: 952 shares

Net Sell 1 txn

Insider Taira Thomas

Role President, Special Projects

Sold 952 shs ($309K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	952	$325.00	$309K

Holdings After Transaction: Class A Common Stock — 116,507 shares (Direct)

Footnotes (1)

1. F1. The reported sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 8, 2025.

FAQ

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

What insider transaction did Carvana (CVNA) disclose?

An officer sold 952 shares of Class A Common Stock at $325 on 11/10/2025.

Who was the reporting person in the CVNA Form 4?

Officer Thomas Taira, President, Special Projects.

How many CVNA shares did the insider own after the sale?

He beneficially owned 116,507 shares following the reported transaction, held directly.

Was the CVNA sale under a Rule 10b5-1 plan?

Yes. The sale was effected under a Rule 10b5-1 plan adopted on August 8, 2025.

What was the transaction code for the CVNA Form 4 sale?

Transaction code S, indicating an open-market or private sale of non-derivative securities.

What security class was involved in the CVNA insider transaction?

Class A Common Stock.

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

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Accepted by SEC EDGAR 11/12/2025 - 06:53 PM EST 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^*

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)
11/10/2025

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	11/10/2025		S		952(1)	D	$325	116,507	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	11/12/2025
	** 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.