Carvana CFO trades 12,750 shares after option exercise
Carvana Co. Chief Financial Officer Mark W. Jenkins reported a series of equity transactions involving the company’s Class A Common Stock.
Rhea-AI Filing Summary
Carvana Co. Chief Financial Officer Mark W. Jenkins reported a series of equity transactions involving the company’s Class A Common Stock. On April 29, 2026, 22,231 shares were acquired as vested RSUs, with 9,193 shares withheld to cover taxes, and the balance added to his holdings.
On May 1, 2026, he exercised stock options to acquire 12,750 shares at exercise prices of $51.97, $42.03, and $10.07 per share, then sold 12,750 shares in open-market transactions at prices including $400.04 and $378.56 per share.
These option exercises and related sales were executed under a pre-arranged Rule 10b5-1 trading plan. Following the reported transactions, Jenkins directly holds 222,877 shares of Carvana Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 12,750 shares ($4.71M approx. pre-tax spread)
Exercise and Sale
28 txns
Insider
JENKINS MARK W.
Role
Chief Financial Officer
Sold
12,750 shs ($4.94M)
Approx. gross sale proceeds
$4.94M
Approx. exercise cost
$224K
Approx. pre-tax spread
$4.71M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (Right to Buy) | 10,000 | $0.00 | $0.00 |
| Exercise | Stock Options (Right to Buy) | 2,000 | $0.00 | $0.00 |
| Exercise | Stock Options (Right to Buy) | 750 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 10,000 | $10.07 | $101K |
| Exercise | Class A Common Stock | 2,000 | $42.03 | $84K |
| Exercise | Class A Common Stock | 750 | $51.97 | $39K |
| Sale | Class A Common Stock | 440 | $378.56 | $167K |
| Sale | Class A Common Stock | 1,120 | $379.53 | $425K |
| Sale | Class A Common Stock | 1,200 | $380.53 | $457K |
| Sale | Class A Common Stock | 840 | $381.36 | $320K |
| Sale | Class A Common Stock | 1,281 | $382.60 | $490K |
| Sale | Class A Common Stock | 480 | $383.70 | $184K |
| Sale | Class A Common Stock | 558 | $385.21 | $215K |
| Sale | Class A Common Stock | 599 | $386.17 | $231K |
| Sale | Class A Common Stock | 441 | $387.23 | $171K |
| Sale | Class A Common Stock | 440 | $388.34 | $171K |
| Sale | Class A Common Stock | 519 | $389.17 | $202K |
| Sale | Class A Common Stock | 722 | $390.33 | $282K |
| Sale | Class A Common Stock | 520 | $391.35 | $204K |
| Sale | Class A Common Stock | 240 | $392.35 | $94K |
| Sale | Class A Common Stock | 160 | $393.44 | $63K |
| Sale | Class A Common Stock | 200 | $394.55 | $79K |
| Sale | Class A Common Stock | 2,790 | $395.33 | $1.10M |
| Sale | Class A Common Stock | 120 | $397.06 | $48K |
| Sale | Class A Common Stock | 40 | $398.05 | $16K |
| Sale | Class A Common Stock | 40 | $400.04 | $16K |
| Grant/Award | Class A Common Stock | 22,231 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 9,193 | $396.59 | $3.65M |
Holdings After Transaction:
Stock Options (Right to Buy) — 193,062 contracts (Direct);
Class A Common Stock — 210,127 shares (Direct)
Footnotes (24)
- F1. Represents restricted stock units ("RSUs") granted on January 24, 2024 under the Reporting Person's Performance Restricted Stock Unit Award Agreement between Carvana Co. and the Reporting Person, dated January 24, 2024. The performance condition for the RSUs reported herein has been met, and all RSUs reported herein vested on April 29, 2026.
- F2. Represents shares of Class A Common Stock of the Issuer withheld for taxes upon vesting of RSUs under the Performance Restricted Stock Unit Award Agreement.
- F3. The reported option exercises and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 5, 2024.
- F4. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
- F5. This transaction was executed in multiple trades at prices ranging from $377.98 to $378.95 inclusive.
- F6. This transaction was executed in multiple trades at prices ranging from $379.01 to $380.00 inclusive.
- F7. This transaction was executed in multiple trades at prices ranging from $380.04 to $381.03 inclusive.
- F8. This transaction was executed in multiple trades at prices ranging from $381.04 to $381.94 inclusive.
- F9. This transaction was executed in multiple trades at prices ranging from $382.19 to $383.11 inclusive.
- F10. This transaction was executed in multiple trades at prices ranging from $383.41 to $384.10 inclusive.
- F11. This transaction was executed in multiple trades at prices ranging from $384.65 to $385.64 inclusive.
- F12. This transaction was executed in multiple trades at prices ranging from $385.69 to $386.64 inclusive.
- F13. This transaction was executed in multiple trades at prices ranging from $386.75 to $387.68 inclusive.
- F14. This transaction was executed in multiple trades at prices ranging from $387.77 to $388.72 inclusive.
- F15. This transaction was executed in multiple trades at prices ranging from $388.80 to $389.73 inclusive.
- F16. This transaction was executed in multiple trades at prices ranging from $389.80 to $390.74 inclusive.
- F17. This transaction was executed in multiple trades at prices ranging from $390.91 to $391.77 inclusive.
- F18. This transaction was executed in multiple trades at prices ranging from $392.08 to $392.70 inclusive.
- F19. This transaction was executed in multiple trades at prices ranging from $393.13 to $393.99 inclusive.
- F20. This transaction was executed in multiple trades at prices ranging from $394.18 to $394.85 inclusive.
- F21. This transaction was executed in multiple trades at prices ranging from $395.32 to $396.05 inclusive.
- F22. This transaction was executed in multiple trades at prices ranging from $396.78 to $397.43 inclusive.
- F23. The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vested 25% on April 1, 2024 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.
- F24. The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vests 25% on April 1, 2025 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.
Key Figures
Shares sold: 12,750 shares
Option exercise shares: 12,750 shares
Exercise prices: $51.97, $42.03, $10.07 per share
+4 more
7 metrics
Shares sold
12,750 shares
Class A Common Stock sold in open-market transactions on May 1, 2026
Option exercise shares
12,750 shares
Shares acquired through stock option exercises on May 1, 2026
Exercise prices
$51.97, $42.03, $10.07 per share
Strike prices for non-qualified stock options exercised into Class A shares
RSUs vested
22,231 shares
Performance RSUs vesting on April 29, 2026
Shares withheld for taxes
9,193 shares
Class A shares withheld upon RSU vesting to cover tax obligations
Post-transaction holdings
222,877 shares
Direct ownership of Class A Common Stock after reported transactions
Representative sale price
$400.04 per share
Price for one tranche of May 1, 2026 open-market sales
Key Terms
restricted stock units ("RSUs"), Rule 10b5-1 trading plan, non-qualified stock options, tax-withholding disposition, +1 more
5 terms
restricted stock units ("RSUs") financial
"Represents restricted stock units ("RSUs") granted on January 24, 2024 under the Reporting Person's Performance Restricted Stock Unit Award Agreement"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Rule 10b5-1 trading plan regulatory
"The reported option exercises and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 5, 2024."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
non-qualified stock options financial
"The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vested 25% on April 1, 2024"
Non-qualified stock options are a type of employee benefit that gives individuals the right to buy company shares at a set price, usually lower than the market value, within a certain period. Unlike other options that may have special tax advantages, these options are taxed as income when exercised, which can affect how much money the employee or investor ultimately gains. They are important because they can influence company compensation strategies and impact the financial outcomes for employees and investors.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
volume weighted average sale price financial
"The price reported above reflects the volume weighted average sale price."
FAQ
What did Carvana (CVNA) CFO Mark Jenkins report in this Form 4?
Carvana CFO Mark W. Jenkins reported RSU vesting, stock option exercises, tax-withholding share dispositions, and open-market sales of Class A Common Stock, all detailed for April 29 and May 1, 2026, including resulting direct ownership of 222,877 shares after the transactions.
What stock options did the Carvana (CVNA) CFO exercise in this filing?
Jenkins exercised non-qualified stock options covering 12,750 shares of Class A Common Stock. The underlying exercise prices were $51.97, $42.03, and $10.07 per share, reflecting previously granted options that had vested under their respective schedules before the May 1, 2026 exercises.
Were Carvana (CVNA) CFO Mark Jenkins’ trades made under a Rule 10b5-1 plan?
Yes. A footnote states the reported option exercises and related stock sales were effected under a Rule 10b5-1 trading plan adopted on August 5, 2024, indicating these transactions were pre-arranged rather than newly timed discretionary trades based on short-term market developments.
What RSU activity for Carvana (CVNA) stock is disclosed for the CFO?
The filing shows 22,231 RSUs granted under a January 24, 2024 Performance Restricted Stock Unit Award vested on April 29, 2026. Of these, 9,193 shares of Class A Common Stock were withheld to cover taxes, with the remaining vested shares added to Jenkins’ direct holdings.
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