Carvana director granted new RSU awards

Carvana director Michael E. Maroone reported stock-based awards of Class A Common Stock.

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Form Type

Rhea-AI Filing Summary

Carvana director Michael E. Maroone reported stock-based awards of Class A Common Stock. He acquired 454 shares underlying restricted stock units that vest immediately on grant, and 782 shares underlying restricted stock units that vest 100% on May 1, 2027, subject to his continued service.

These awards were granted at no cash cost as equity compensation and increased his direct holdings to 144,809 Class A shares. He also has indirect interests in 45,000 shares held by the Michael Maroone Family Partnership, LP, which he controls, and 264 shares held by a Family Trust where he is both beneficiary and trustee.

Insider Trade Summary

Grant/Award: 1,236 shares

Grant/Award 4 txns

Insider MAROONE MICHAEL E

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	454	$0.00	$0.00
Grant/Award	Class A Common Stock	782	$0.00	$0.00
holding	Class A Common Stock	--	--	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 144,809 shares (Direct); Class A Common Stock — 45,000 shares (Indirect, By Michael Maroone Family Partnership, LP); Class A Common Stock — 264 shares (Indirect, By Family Trust FBO Michael E. Maroone)

Footnotes (4)

F1. Represents shares of Class A Common Stock of Carvana Co. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. 100% of the restricted stock units vest immediately on grant.
F2. Represents shares of Class A Common Stock of the Issuer underlying restricted stock units acquired by the Reporting Person. The restricted stock units vest 100% on May 1, 2027, subject to the Reporting Person's continued service with the Issuer as of such date.
F3. Represents shares of Class A common stock held directly by the Michael Maroone Family Partnership, LP, an entity controlled by the Reporting Person.
F4. Represents shares of Class A common stock held directly by the Family Trust FBO Michael E. Maroone, where the Reporting Person is beneficiary and trustee.

Key Figures

Immediate-vesting RSUs: 454 shares RSUs vesting May 1, 2027: 782 shares Direct holdings after awards: 144,809 shares +2 more

5 metrics

Immediate-vesting RSUs 454 shares Restricted stock units vest 100% immediately on grant

RSUs vesting May 1, 2027 782 shares Restricted stock units vest 100% on May 1, 2027

Direct holdings after awards 144,809 shares Class A Common Stock held directly after transactions

Family Partnership holdings 45,000 shares Class A shares held by Michael Maroone Family Partnership, LP

Family Trust holdings 264 shares Class A shares held by Family Trust FBO Michael E. Maroone

Key Terms

restricted stock units, Class A Common Stock, Family Partnership, Family Trust

4 terms

restricted stock units financial

"Represents shares of Class A Common Stock of Carvana Co. 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.

Class A Common Stock financial

"Represents shares of Class A Common Stock of Carvana Co. (the "Issuer") underlying restricted stock units acquired by the Reporting Person."

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.

Family Partnership financial

"Represents shares of Class A common stock held directly by the Michael Maroone Family Partnership, LP, an entity controlled by the Reporting Person."

Family Trust financial

"Represents shares of Class A common stock held directly by the Family Trust FBO Michael E. Maroone, where the Reporting Person is beneficiary and trustee."

FAQ

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

What insider transaction did Carvana (CVNA) director Michael Maroone report?

Michael Maroone reported receiving equity awards in the form of restricted stock units. He acquired 454 Class A shares that vest immediately and 782 Class A shares that vest in 2027, all granted as compensation rather than purchased in the open market.

How many Carvana (CVNA) shares did Michael Maroone acquire in this Form 4?

He acquired 1,236 Class A Common Stock shares underlying restricted stock units. This consists of 454 units that vest immediately on grant and 782 units that vest 100% on May 1, 2027, contingent on his continued service with Carvana.

When do Michael Maroone’s new Carvana (CVNA) restricted stock units vest?

One grant of 454 restricted stock units vests immediately on the grant date. A second grant of 782 restricted stock units vests 100% on May 1, 2027, provided Michael Maroone continues to serve with Carvana through that vesting date.

How many Carvana (CVNA) shares does Michael Maroone hold after these awards?

Following the reported awards, he holds 144,809 Class A Common Stock shares directly. In addition, 45,000 shares are held via the Michael Maroone Family Partnership, LP he controls, and 264 shares are held through a Family Trust where he is beneficiary and trustee.

Were Michael Maroone’s Carvana (CVNA) awards open-market purchases?

No, the filing shows these were equity compensation grants, not market purchases. The restricted stock units were acquired at a reported price of $0.00 per share, reflecting stock-based awards rather than cash-funded buying on the open market.

How are Michael Maroone’s indirect Carvana (CVNA) holdings structured?

Indirect holdings include 45,000 Class A shares in the Michael Maroone Family Partnership, LP, which he controls, and 264 Class A shares in a Family Trust for his benefit, where he also serves as trustee, according to the filing footnotes.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 04/16/2026 - 07:00 PM EDT

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).

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^*

MAROONE MICHAEL 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)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/14/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	04/14/2026		A		454⁽¹⁾	A	$0⁽¹⁾	144,027	D
Class A Common Stock	04/14/2026		A		782⁽²⁾	A	$0⁽²⁾	144,809	D
Class A Common Stock								45,000	I	By Michael Maroone Family Partnership, LP⁽³⁾
Class A Common Stock								264	I	By Family Trust FBO Michael E. Maroone⁽⁴⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents shares of Class A Common Stock of Carvana Co. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. 100% of the restricted stock units vest immediately on grant.

2. Represents shares of Class A Common Stock of the Issuer underlying restricted stock units acquired by the Reporting Person. The restricted stock units vest 100% on May 1, 2027, subject to the Reporting Person's continued service with the Issuer as of such date.

3. Represents shares of Class A common stock held directly by the Michael Maroone Family Partnership, LP, an entity controlled by the Reporting Person.

4. Represents shares of Class A common stock held directly by the Family Trust FBO Michael E. Maroone, where the Reporting Person is beneficiary and trustee.

Remarks:

	/s/ Paul Breaux, by Power of Attorney for Michael E. Maroone	04/16/2026
	** 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)

Source: View Original Filing on SEC EDGAR