[Form 4] CARVANA CO. Insider Trading Activity

Rhea-AI Filing Summary

CARVANA CO. executive Taira Thomas, President, Special Projects, sold 953 shares of Class A Common Stock in an open-market transaction at $325.0000 per share. After this sale on March 9, 2026, Thomas directly holds 64,997 shares. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 8, 2025, indicating it was scheduled in advance rather than timed opportunistically.

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

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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^*

Taira Thomas

(Last) (First) (Middle)

300 E. RIO SALADO PKWY

(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)
	President, Special Projects

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026

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	03/09/2026		S		953(1)	D	$325	64,997	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. The reported sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 8, 2025.

Remarks:

	/s/ Paul Breaux, by Power of Attorney for Thomas Taira	03/11/2026
	** 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 Taira Thomas?

Carvana (CVNA) reported that executive Taira Thomas sold 953 shares of Class A Common Stock. The sale was an open-market transaction at $325.0000 per share, leaving her with 64,997 directly owned shares after the trade.

At what price did Taira Thomas sell Carvana (CVNA) shares?

Taira Thomas sold her Carvana Class A Common Stock at $325.0000 per share. This price applied to 953 shares in an open-market transaction, as disclosed in the Form 4 insider trading report.

How many Carvana (CVNA) shares does Taira Thomas hold after the sale?

After the reported sale, Taira Thomas holds 64,997 shares of Carvana Class A Common Stock directly. This post-transaction balance reflects her remaining ownership following the 953-share open-market sale.

Was the Carvana (CVNA) insider sale by Taira Thomas under a Rule 10b5-1 plan?

Yes. The sale by Taira Thomas was executed pursuant to a Rule 10b5-1 trading plan. The plan was adopted on August 8, 2025, meaning the transaction was pre-scheduled rather than decided at the time of sale.

What role does Taira Thomas hold at Carvana (CVNA)?

Taira Thomas serves as Carvana’s President, Special Projects. Her position as an officer makes her trades reportable on Form 4, providing investors visibility into her transactions in Carvana’s Class A Common Stock.