Carvana COO sells 50,000 shares in planned trades

Rhea-AI Filing Summary

CARVANA CO. Chief Operating Officer Benjamin E. Huston sold a total of 50,000 shares of Class A Common Stock in open-market transactions on July 1, 2026, at prices generally in the mid-$60s to low-$70s per share.

The filing shows separate sales at prices including $70.44, $69.22, $68.14, $67.49, $66.06, and $65.23, with individual trades executed within price ranges from $64.76 up to $70.72. In connection with restricted stock unit vesting, 7,014 shares were withheld to cover taxes.

After these transactions, Huston directly holds 458,755 shares of Carvana Class A Common Stock. The sales were carried out pursuant to a pre-established Rule 10b5-1 trading plan adopted on December 13, 2024, indicating the trades were pre-scheduled.

Insider Trade Summary 10b5-1

Net Seller: 50,000 shares

Net Sell 7 txns

Insider HUSTON BENJAMIN E.

Role Chief Operating Officer

Sold 50,000 shs ($3.43M)

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Class A Common Stock	7,014	$67.87	$476K
Sale	Class A Common Stock	2,560	$65.23	$167K
Sale	Class A Common Stock	3,680	$66.06	$243K
Sale	Class A Common Stock	5,038	$67.49	$340K
Sale	Class A Common Stock	17,562	$68.14	$1.20M
Sale	Class A Common Stock	8,200	$69.22	$568K
Sale	Class A Common Stock	12,960	$70.44	$913K

Holdings After Transaction: Class A Common Stock — 458,755 shares (Direct)

Footnotes (9)

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. The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024 (the "10b5-1 Plan").
3. F3. 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.
4. F4. This transaction was executed in multiple trades at prices ranging from $64.76 to $65.73 inclusive.
5. F5. This transaction was executed in multiple trades at prices ranging from $65.77 to $66.76 inclusive.
6. F6. This transaction was executed in multiple trades at prices ranging from $66.77 to $67.76 inclusive.
7. F7. This transaction was executed in multiple trades at prices ranging from $67.77 to $68.76 inclusive.
8. F8. This transaction was executed in multiple trades at prices ranging from $68.77 to $69.76 inclusive.
9. F9. This transaction was executed in multiple trades at prices ranging from $69.77 to $70.72 inclusive.

Key Figures

Shares sold: 50,000 shares Example sale price: $70.44 per share Lowest reported trade range: $64.76–$65.73 +4 more

7 metrics

Shares sold 50,000 shares Open-market sales of Class A Common Stock on July 1, 2026

Example sale price $70.44 per share One of several reported average prices for July 1, 2026 sales

Lowest reported trade range $64.76–$65.73 Price range for one set of trades on July 1, 2026

Highest reported trade range $69.77–$70.72 Price range for another set of trades on July 1, 2026

Tax-withheld shares 7,014 shares Shares withheld to cover taxes on RSU vesting

Shares held after transactions 458,755 shares Direct holdings of COO Benjamin Huston following reported trades

10b5-1 plan adoption date December 13, 2024 Date Huston adopted pre-arranged trading plan for these sales

Key Terms

Rule 10b5-1 trading plan, restricted stock units, Class A Common Stock, volume weighted average sale price, +1 more

5 terms

Rule 10b5-1 trading plan regulatory

"The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted..."

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

"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..."

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.

volume weighted average sale price financial

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

tax-withholding disposition financial

"Payment of exercise price or tax liability by delivering securities"

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.

FAQ

What insider transaction did Carvana (CVNA) report for Benjamin Huston?

Carvana reported that COO Benjamin E. Huston sold 50,000 shares of Class A Common Stock in open-market transactions on July 1, 2026. These trades were executed at multiple prices in the mid-$60s to low-$70s per share under a pre-established plan.

At what prices did Carvana (CVNA) COO Benjamin Huston sell shares?

Benjamin Huston’s reported sales occurred at prices including $70.44, $69.22, $68.14, $67.49, $66.06, and $65.23. Footnotes note execution in multiple trades within ranges from $64.76 up to $70.72 per share.

How many Carvana (CVNA) shares does Benjamin Huston hold after the sale?

Following the reported transactions, COO Benjamin E. Huston directly holds 458,755 shares of Carvana Class A Common Stock. This post-transaction balance reflects the net position after selling 50,000 shares and accounting for shares withheld to satisfy tax obligations on vested restricted stock units.

Were Carvana (CVNA) COO Benjamin Huston’s share sales under a 10b5-1 plan?

Yes. A footnote states the sales were effected under a Rule 10b5-1 trading plan adopted on December 13, 2024. Such plans pre-schedule trades, indicating the timing of these July 1, 2026 transactions was established in advance rather than decided opportunistically.

What does the tax withholding entry mean in the Carvana (CVNA) Form 4?

The Form 4 reports 7,014 shares of Class A Common Stock withheld to cover taxes upon vesting of restricted stock units. This tax-withholding disposition is coded as F and represents payment of tax obligations in shares, not an open-market sale for cash.

How many Carvana (CVNA) shares were sold versus withheld for taxes?

The filing shows 50,000 shares of Class A Common Stock sold in open-market transactions and an additional 7,014 shares withheld to satisfy tax liabilities on restricted stock unit vesting. Only the 50,000 shares coded with S represent sales into the market.

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Accepted by SEC EDGAR 07/02/2026 - 05:22 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^*

HUSTON BENJAMIN E.

(Last) (First) (Middle)

C/O CARVANA CO.

300 E. RIO SALADO PARKWAY

(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 Operating Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

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	07/01/2026		F		7,014(1)	D	$67.87	508,755	D
Class A Common Stock	07/01/2026		S		2,560(2)	D	$65.23(3)(4)	506,195	D
Class A Common Stock	07/01/2026		S		3,680(2)	D	$66.06(3)(5)	502,515	D
Class A Common Stock	07/01/2026		S		5,038(2)	D	$67.49(3)(6)	497,477	D
Class A Common Stock	07/01/2026		S		17,562(2)	D	$68.14(3)(7)	479,915	D
Class A Common Stock	07/01/2026		S		8,200(2)	D	$69.22(3)(8)	471,715	D
Class A Common Stock	07/01/2026		S		12,960(2)	D	$70.44(3)(9)	458,755	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. 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. The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024 (the "10b5-1 Plan").

3. 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.

4. This transaction was executed in multiple trades at prices ranging from $64.76 to $65.73 inclusive.

5. This transaction was executed in multiple trades at prices ranging from $65.77 to $66.76 inclusive.

6. This transaction was executed in multiple trades at prices ranging from $66.77 to $67.76 inclusive.

7. This transaction was executed in multiple trades at prices ranging from $67.77 to $68.76 inclusive.

8. This transaction was executed in multiple trades at prices ranging from $68.77 to $69.76 inclusive.

9. This transaction was executed in multiple trades at prices ranging from $69.77 to $70.72 inclusive.

Remarks:

	/s/ Paul Breaux, by Power of Attorney for Benjamin E. Huston	07/02/2026
	** 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)