Carvana (NYSE: CVNA) director Quayle exercises options, sells shares
Rhea-AI Filing Summary
CARVANA CO. director J. Danforth Quayle exercised 14,525 stock options for Class A Common Stock at an exercise price of $3.00 per share and sold 14,525 shares of Class A Common Stock at $75.00 per share on August 14, 2026. Following the exercise, 14,520 options remain outstanding from this grant. The option exercises and related sales were effected under a Rule 10b5-1 trading plan adopted on March 11, 2026. An additional 62,500 shares of Class A Common Stock are held indirectly through the James D. Quayle 2000 Irrevocable Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 14,525 shares ($1.05M approx. pre-tax spread)
Exercise and Sale
4 txns
Insider
QUAYLE J DANFORTH
Role
Director
Sold
14,525 shs ($1.09M)
Approx. gross sale proceeds
$1.09M
Approx. exercise cost
$44K
Approx. pre-tax spread
$1.05M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (Right to Buy) F1, F2 | 14,525 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 14,525 | $3.00 | $44K |
| Sale | Class A Common Stock F1 | 14,525 | $75.00 | $1.09M |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 14,520 shares (Direct);
Class A Common Stock — 214,960 shares (Direct);
Class A Common Stock — 62,500 shares (Indirect, James D. Quayle 2000 Irrevocable Trust)
Footnotes (2)
- F1. The reported option exercises and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 11, 2026 (the "10b5-1 Plan").
- F2. 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
Options Exercised: 14,525 shares
Option Exercise Price: $3.00 per share
Shares Sold: 14,525 shares
+5 more
8 metrics
Options Exercised
14,525 shares
Stock options exercised into Class A Common Stock on August 14, 2026
Option Exercise Price
$3.00 per share
Exercise price for non-qualified stock options into Class A Common Stock
Shares Sold
14,525 shares
Class A Common Stock sold on August 14, 2026
Sale Price
$75.00 per share
Per-share price for the 14,525 Class A Common shares sold
Remaining Options
14,520 options
Total stock options following the reported option exercise transaction
Indirect Trust Holdings
62,500 shares
Class A Common Stock held indirectly via James D. Quayle 2000 Irrevocable Trust
10b5-1 Plan Adoption Date
March 11, 2026
Date the Rule 10b5-1 trading plan governing these trades was adopted
Option Vesting Start
April 27, 2018
25% of options vested on this date; remainder vested monthly for three years
Key Terms
Rule 10b5-1 trading plan, non-qualified stock options, Class A Common Stock, exercise or conversion of derivative security, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The reported option exercises and sales were effected pursuant to a Rule 10b5-1"
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"
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.
Class A Common Stock financial
"underlying_security_title": "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.
exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
Irrevocable Trust financial
"nature_of_ownership": "James D. Quayle 2000 Irrevocable Trust""
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
FAQ
What transactions did CVNA director J. Danforth Quayle report on this Form 4?
He exercised 14,525 stock options at $3.00 per share and sold 14,525 shares of Carvana Class A Common Stock at $75.00 per share on August 14, 2026, as part of a reported option exercise-and-sale sequence.
Were J. Danforth Quayle’s CVNA transactions under a Rule 10b5-1 plan?
Yes. The footnotes state the option exercises and sales were effected under a Rule 10b5-1 trading plan adopted by the reporting person on March 11, 2026, indicating pre-arranged trading instructions.
What type of options did J. Danforth Quayle exercise in this CVNA Form 4?
He exercised non-qualified stock options representing the right to purchase Carvana Class A Common Stock at $3.00 per share. The options vested 25% on April 27, 2018 and monthly thereafter for three years, subject to continued service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
