Carvana counsel has 4,457 shares withheld for taxes

Carvana’s chief legal officer had shares withheld to satisfy taxes on RSU vesting, leaving over 426,000 Class A shares held directly.

Rhea-AI Filing Summary

CARVANA CO. (CVNA) reported that officer Paul W. Breaux, its Vice President, General Counsel, Secretary, and Chief Compliance Officer, had shares of Class A Common Stock withheld on September 1, 2026 to cover tax liabilities upon vesting of restricted stock units from various awards. The transaction involved 4,457 shares treated as a disposition for tax purposes and was not made under a Rule 10b5-1 trading plan. Following this withholding, Breaux directly holds 426,483 shares of Class A Common Stock.

Insider Trade Summary

Tax Withholding: 4,457 shares

Tax Withholding 1 txn

Insider BREAUX PAUL W.

Role See Remarks

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock F1	4,457	$72.18	$322K

Holdings After Transaction: Class A Common Stock — 426,483 shares (Direct)

Footnotes (1)

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.

Key Figures

Shares withheld for taxes: 4,457 shares Per-share value for withholding: $72.18 per share Shares held after transaction: 426,483 shares +2 more

5 metrics

Shares withheld for taxes 4,457 shares Class A Common Stock withheld on September 1, 2026 for tax liability

Per-share value for withholding $72.18 per share Applied to 4,457 withheld shares in the September 1, 2026 transaction

Shares held after transaction 426,483 shares Direct holdings of Paul W. Breaux after tax-withholding disposition

Transactions for tax liability 1 transaction One code F transaction for payment of tax liability by withholding securities

Shares used for tax liability events 4,457 shares Exercise-price-or-tax-liability-related shares in this Form 4

Key Terms

restricted stock units, Class A Common Stock, tax liability, Rule 10b5-1

4 terms

restricted stock units financial

"withheld for taxes upon vesting of restricted stock units pursuant"

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"

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.

tax liability financial

"withheld for taxes upon vesting of restricted stock units"

Rule 10b5-1 regulatory

"no Rule 10b5-1 plan is reported for this transaction"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

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

What insider transaction did CARVANA CO. (CVNA) report for Paul W. Breaux?

Paul W. Breaux had 4,457 shares of Carvana Class A Common Stock withheld on September 1, 2026 to pay tax liabilities arising from vesting of restricted stock units under various awards.

Was the CVNA insider transaction made under a Rule 10b5-1 trading plan?

No. The filing indicates no Rule 10b5-1 plan is reported, meaning the tax-withholding disposition of 4,457 shares was not executed pursuant to an affirmed Rule 10b5-1 trading plan.

How many CVNA shares does Paul W. Breaux hold after the reported transaction?

After the September 1, 2026 tax-withholding event, Paul W. Breaux directly holds 426,483 shares of Carvana Class A Common Stock, as reported in the Form 4 filing.

What price per share was used for the CVNA tax-withholding transaction?

For the 4,457 withheld shares, the filing shows a value of $72.18 per share of Carvana Class A Common Stock, applied in connection with satisfying the related tax liability.

What triggered the withholding of shares in this CVNA Form 4?

The withholding of 4,457 shares of Carvana Class A Common Stock was triggered by the vesting of restricted stock units from various awards, with shares withheld to cover the associated tax obligations.

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

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Available on EDGAR 09/03/2026 - 06:13 PM EDT Accepted by SEC EDGAR 09/03/2026 - 06:10 PM EDT 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).

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^*

BREAUX PAUL W.

(Last) (First) (Middle)

C/O CARVANA CO.

300 E. RIO SALADO PKWY

(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)
	See Remarks

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/01/2026

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	09/01/2026		F		4,457(1)	D	$72.18	426,483	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:

Vice President, General Counsel, Secretary, and Chief Compliance Officer

	/s/ Paul Breaux	09/03/2026
	** 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.
* Form 4: SEC 1474 (03-26)