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Carvana (CVNA) CPO reports 1,339-share tax withholding on RSU vest

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Carvana Co. Chief Product Officer Daniel J. Gill reported a small tax-related share disposition. On the vesting of restricted stock units, 1,339 shares of Class A Common Stock were withheld to cover taxes, based on a price of $334.16 per share. After this withholding, Gill directly holds 187,420 Class A shares.

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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*
GILL DANIEL J.

(Last) (First) (Middle)
C/O CARVANA CO.
300 E. RIO SALADO PARKWAY

(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)
Chief Product Officer
3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026
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 03/01/2026 F 1,339(1) D $334.16 187,420 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.
Remarks:
/s/ Paul Breaux, by Power of Attorney for Daniel J. Gill 03/03/2026
** 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.

FAQ

What insider transaction did Carvana (CVNA) report for Daniel J. Gill?

Carvana reported that Chief Product Officer Daniel J. Gill had 1,339 Class A shares withheld to cover taxes upon vesting of restricted stock units. This is a tax-withholding disposition, not an open-market buy or sell, and reflects routine equity compensation mechanics.

Was the Carvana (CVNA) insider transaction an open-market sale of shares?

No, the transaction was not an open-market sale. 1,339 Class A shares were withheld by the company to satisfy tax obligations when restricted stock units vested, as described as a payment of tax liability by delivering securities rather than a discretionary share sale.

How many Carvana (CVNA) shares does Daniel J. Gill hold after the transaction?

After the tax-withholding disposition, Daniel J. Gill directly holds 187,420 shares of Carvana Class A Common Stock. This figure reflects his position following the withholding of 1,339 shares for taxes related to vesting restricted stock unit awards.

What price per share was used for the Carvana (CVNA) tax withholding?

The tax withholding used a price of $334.16 per share for the 1,339 Carvana Class A shares. This price is applied solely to determine the value of shares withheld to cover tax obligations tied to the vesting of restricted stock units.

What does transaction code "F" mean in the Carvana (CVNA) Form 4 filing?

Transaction code "F" indicates payment of exercise price or tax liability by delivering securities. In this Carvana filing, it describes shares withheld to cover taxes when restricted stock units vested, classed as a tax-withholding disposition rather than a typical market transaction.
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