Carvana director Ira J. Platt sells 30,000 shares
The options vested 25% on April 27, 2018, and monthly thereafter for the following three years, subject to continued service.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Carvana Co. director Ira J. Platt exercised stock options covering 30,000 Class A shares at $3.00 per share and sold 30,000 shares on November 3, 2026, in two 15,000-share transactions. The reported weighted-average sale prices were $71.32 and $72.16 per share. No Rule 10b5-1 plan is reported.
Insider Trade Summary
Exercise and Sale: 30,000 shares ($2.06M approx. pre-tax spread)
Exercise and Sale
6 txns
Insider
PLATT IRA J.
Role
Director
Sold
30,000 shs ($2.15M)
Approx. gross sale proceeds
$2.15M
Approx. exercise cost
$90K
Approx. pre-tax spread
$2.06M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (Right to Buy) F7 | 15,000 | $0.00 | $0.00 |
| Exercise | Stock Options (Right to Buy) F7 | 15,000 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 15,000 | $3.00 | $45K |
| Sale | Class A Common Stock F1, F2 | 15,000 | $71.32 | $1.07M |
| Exercise | Class A Common Stock | 15,000 | $3.00 | $45K |
| Sale | Class A Common Stock F1, F3 | 15,000 | $72.16 | $1.08M |
| Holding | Class A Common Stock F4 | -- | -- | -- |
| Holding | Class A Common Stock F5 | -- | -- | -- |
| Holding | Class A Common Stock F6 | -- | -- | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 29,640 contracts (Direct);
Class A Common Stock — 186,470 shares (Direct);
Class A Common Stock — 158,415 shares (Indirect, By Trust);
Class A Common Stock — 9,995 shares (Indirect, Platt Family Foundation)
Footnotes (7)
- F1. 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.
- F2. This transaction was executed in multiple trades at prices ranging from $71.15 to $71.49 inclusive.
- F3. This transaction was executed in multiple trades at prices ranging from $72.00 to $72.34 inclusive.
- F4. These Class A Shares are held directly by the Ira J. Platt Revocable Trust (the "Revocable Trust"). The Reporting Person is co-trustee of the Revocable Trust, and the Reporting Person's spouse is the primary beneficiary of the Revocable Trust.
- F5. Represents shares of Class A common stock held directly by the Georgiana Platt and Successors Remainder Trust (the "Settlers Trust"). The Reporting Person's spouse is co-trustee and primary beneficiary of the Settlers Trust.
- F6. Represents shares of Class A common stock held by the Platt Family Foundation (the "Foundation"), a charitable organization. The Reporting Person has voting and investment power over all securities owned by the Foundation. The Reporting Person disclaims beneficial ownership of the shares, except to the extent of his pecuniary interest therein.
- F7. 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 27, 2018 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.
Key Figures
Shares covered by options exercised: 30,000 shares
Exercise price: $3.00 per share
First sale transaction: 15,000 shares at a $71.32 weighted-average price per share
+2 more
5 metrics
Shares covered by options exercised
30,000 shares
Exercised November 3, 2026
Exercise price
$3.00 per share
Options exercised November 3, 2026
First sale transaction
15,000 shares at a $71.32 weighted-average price per share
November 3, 2026; trades ranged from $71.15 to $71.49
Second sale transaction
15,000 shares at a $72.16 weighted-average price per share
November 3, 2026; trades ranged from $72.00 to $72.34
Platt Family Foundation holding
9,995 Class A shares
Indirect holding; Ira J. Platt has voting and investment power over the Foundation's securities and disclaims beneficial ownership except to the extent of his pecuniary interest
Key Terms
volume weighted average sale price, non-qualified stock options, co-trustee, voting and investment power
4 terms
volume weighted average sale price financial
"reflects the volume weighted average sale price"
non-qualified stock options technical
"non-qualified stock options representing the right to purchase"
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.
co-trustee technical
"Reporting Person is co-trustee of the Revocable Trust"
voting and investment power technical
"has voting and investment power over all securities owned by the Foundation"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were the price ranges for Ira J. Platt's CVNA stock sales?
The 15,000-share sale reported at a $71.32 weighted-average price was executed in multiple trades at $71.15 to $71.49 inclusive; the other 15,000-share sale, reported at a $72.16 weighted-average price, was executed at $72.00 to $72.34 inclusive.
When did Ira J. Platt's CVNA options vest and expire?
The options vested 25% on April 27, 2018, and monthly thereafter for the following three years, subject to Ira J. Platt's continued service with Carvana Co. Their expiration date was April 27, 2027.
AI-generated analysis. How Rhea-AI works. Not financial advice.
