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Carvana COO sells 50,000 shares around $71

Carvana’s COO reported tax-withholding and pre-planned open-market sales totaling 57,016 Class A shares on September 1, 2026.

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

CARVANA CO. (CVNA) reported that Chief Operating Officer Benjamin E. Huston disposed of Class A Common Stock on September 1, 2026. The filing shows 7,016 shares were withheld at $72.18 per share to satisfy tax liabilities upon vesting of restricted stock units, and a separate open-market sale of an aggregate 50,000 shares in two blocks at volume-weighted average prices of $71.36 and $71.83 per share. The sale transactions were effected pursuant to a Rule 10b5-1 trading plan adopted on December 13, 2024.

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Insights

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Insider HUSTON BENJAMIN E.
Role Chief Operating Officer
Sold 50,000 shs ($3.58M)
Type Security Shares Price Value
Tax Withholding Class A Common Stock F1 7,016 $72.18 $506K
Sale Class A Common Stock F2, F3, F4 29,474 $71.36 $2.10M
Sale Class A Common Stock F2, F3, F5 20,526 $71.83 $1.47M
Holdings After Transaction: Class A Common Stock — 478,693 shares (Direct)
Footnotes (5)
  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 $70.68 to $71.67 inclusive.
  5. F5. This transaction was executed in multiple trades at prices ranging from $71.68 to $72.17 inclusive.
Shares withheld for taxes 7,016 shares Class A Common Stock withheld on September 1, 2026 for RSU tax liability
Tax withholding price per share $72.18 per share Price used for 7,016 shares withheld on September 1, 2026
First sale block 29,474 shares at $71.36 per share Open-market sale of Class A Common Stock on September 1, 2026
Second sale block 20,526 shares at $71.83 per share Open-market sale of Class A Common Stock on September 1, 2026
Total shares sold 50,000 shares Aggregate of the two reported sale transactions on September 1, 2026
Rule 10b5-1 trading plan regulatory
"The reported 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
"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.
volume weighted average sale price financial
"The price reported above reflects the volume weighted average sale price"

FAQ

What insider transactions did Carvana (CVNA) disclose for the COO on September 1, 2026?
Carvana disclosed that COO Benjamin E. Huston had 7,016 shares withheld for taxes upon RSU vesting and sold an additional 50,000 shares of Class A Common Stock in open-market transactions on September 1, 2026.

Were the September 1, 2026 CVNA insider sales made under a Rule 10b5-1 plan?
Yes. The filing states the reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by Benjamin E. Huston on December 13, 2024, indicating the sales were pre-arranged under that plan.

How many Carvana (CVNA) shares were sold by the COO and at what prices?
Benjamin E. Huston sold 29,474 shares at a volume-weighted average price of $71.36 per share and 20,526 shares at a volume-weighted average price of $71.83 per share, all on September 1, 2026.

What portion of the CVNA Form 4 relates to tax withholding on RSU vesting?
The Form 4 reports that 7,016 shares of Carvana Class A Common Stock were withheld at $72.18 per share to satisfy tax liabilities upon vesting of restricted stock units from various awards.

Does the CVNA Form 4 specify if the COO’s prices reflect single trades or averages?
The filing explains the reported sale prices are volume weighted average sale prices and that each transaction was executed in multiple trades within stated price ranges, with full trade details available upon request.

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SEC Form 4
FORM 4UNITED 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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Operating Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock09/01/2026F7,016(1)D$72.18528,693D
Class A Common Stock09/01/2026S29,474(2)D$71.36(3)(4)499,219D
Class A Common Stock09/01/2026S20,526(2)D$71.83(3)(5)478,693D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 $70.68 to $71.67 inclusive.
5. This transaction was executed in multiple trades at prices ranging from $71.68 to $72.17 inclusive.
Remarks:
/s/ Paul Breaux, by Power of Attorney for Benjamin E. Huston09/03/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR