Carvana (NYSE: CVNA) director trust records small stock trades
Rhea-AI Filing Summary
CARVANA CO. director Michael E. Maroone reported small indirect trades in Class A Common Stock through a family trust and related entities. A family trust account sold 2 shares at $310.76 and 3 shares at $411.61, and bought 5 shares at $441.36 in open-market transactions.
After these trades, the family trust held 264 shares indirectly for his benefit, while separate holding entries show 143,573 shares held directly and 45,000 shares held by the Michael Maroone Family Partnership, LP. The trust transactions were executed by an investment manager with discretionary authority, without his knowledge, and the form was filed promptly after he became aware. A 5-for-1 forward stock split on May 7, 2026 is noted as exempt and not reported here.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
MAROONE MICHAEL E
Role
Director
Bought
5 shs ($2K)
Sold
5 shs ($2K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 2 | $310.76 | $621.52 |
| Sale | Class A Common Stock | 3 | $411.61 | $1K |
| Purchase | Class A Common Stock | 5 | $441.36 | $2K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 264 shares (Indirect, By Family Trust FBO Michael E. Maroone);
Class A Common Stock — 45,000 shares (Indirect, By Michael Maroone Family Partnership, LP);
Class A Common Stock — 143,573 shares (Direct)
Footnotes (4)
- F1. The transactions reported herein were effected by an investment manager with discretionary authority over an account of the Family Trust FBO Michael Maroone (the "Trust") without the knowledge or direction of the Reporting Person. The Reporting Person first became aware of the transactions on June 1, 2026 and is filing this Form 4 promptly upon discovery. Upon discovery, the Reporting Person notified the Issuer and implemented measures with the manager to prevent future occurrences.
- F2. The Issuer effected a 5-for-1 forward stock split on May 7, 2026 that is exempt under Rule 16a-9(a) and is not reported on this Form 4.
- F3. Represents shares held directly by the Trust, where the Reporting Person is beneficiary and trustee.
- F4. Represents shares of Class A common stock held directly by the Michael Maroone Family Partnership, LP, an entity controlled by the Reporting Person.
Key Figures
Shares sold (trust, Feb 2026): 3 shares at $411.61
Shares sold (trust, Mar 2026): 2 shares at $310.76
Shares bought (trust, Jan 2026): 5 shares at $441.36
+4 more
7 metrics
Shares sold (trust, Feb 2026)
3 shares at $411.61
Open-market sale on February 9, 2026 by Family Trust account
Shares sold (trust, Mar 2026)
2 shares at $310.76
Open-market sale on March 16, 2026 by Family Trust account
Shares bought (trust, Jan 2026)
5 shares at $441.36
Open-market purchase on January 8, 2026 by Family Trust account
Trust holdings after trades
264 shares
Class A Common Stock held indirectly by Family Trust after reported transactions
Direct holdings
143,573 shares
Class A Common Stock held directly as of January 8, 2026 holding entry
Family partnership holdings
45,000 shares
Class A Common Stock held by Michael Maroone Family Partnership, LP as of January 8, 2026
Forward stock split ratio
5-for-1
Forward stock split effective May 7, 2026, exempt under Rule 16a-9(a)
Key Terms
open-market sale, open-market purchase, Family Trust FBO Michael E. Maroone, forward stock split, +2 more
6 terms
open-market sale financial
"transaction_action: "open-market sale" for trust transactions selling 2 and 3 shares"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
open-market purchase financial
"transaction_action: "open-market purchase" for the 5-share buy on January 8, 2026"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
Family Trust FBO Michael E. Maroone financial
"nature_of_ownership: "By Family Trust FBO Michael E. Maroone" for indirect holdings"
forward stock split financial
"The Issuer effected a 5-for-1 forward stock split on May 7, 2026"
A forward stock split is when a company increases the number of its shares by dividing each existing share into smaller parts. This makes the stock price lower and more affordable for investors, similar to splitting a pizza into more slices so everyone can get a smaller piece. It doesn't change the company's total value, just how it's divided among shareholders.
Rule 16a-9(a) regulatory
"5-for-1 forward stock split on May 7, 2026 that is exempt under Rule 16a-9(a)"
discretionary authority financial
"transactions were effected by an investment manager with discretionary authority over an account of the Family Trust"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider trades did Carvana (CVNA) director Michael Maroone report?
He reported very small indirect trades: a family trust account sold 2 shares at $310.76 and 3 shares at $411.61, then bought 5 shares at $441.36. These are routine open-market transactions in Carvana Class A Common Stock by a trust-related account.
Were the Carvana (CVNA) trust trades directed by Michael Maroone personally?
According to the filing, an investment manager with discretionary authority executed the trust transactions without his knowledge or direction. Maroone became aware on June 1, 2026, notified Carvana, and implemented measures with the manager to prevent similar undisclosed trades in the future.
Did the Carvana (CVNA) stock split appear in this Form 4 for Michael Maroone?
The filing notes a 5-for-1 forward stock split effective May 7, 2026, but states it is exempt under Rule 16a-9(a) and is not reported in this Form 4. The reported figures therefore focus only on the small open-market trust trades.
What types of ownership entities are disclosed for Michael Maroone’s Carvana (CVNA) holdings?
The report lists three types: shares held directly in his name, shares held by the Michael Maroone Family Partnership, LP, and shares held by a Family Trust for his benefit and as trustee. The small trades occurred in the Family Trust account.