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[Form 4] Carvana Co. Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Very Negative)
Form Type
4
Rhea-AI Filing Summary

Carvana Co. (CVNA) – Form 4 insider activity dated 31 Jul 2025

Company founder and 10% owner Ernest C. Garcia II converted 125,000 Class A units of Carvana Group into 100,000 Class A shares; the related 100,000 Class B shares were automatically cancelled under the 2017 Exchange Agreement. On the same day, acting under a Rule 10b5-1 trading plan adopted 13 Dec 2024, Garcia sold 93,376 Class A shares in 24 separate trades at weighted-average prices between $383.45 and $407.86 (≈ $395 blended), realizing roughly $37 million in gross proceeds.

After the transactions Garcia directly owns 6,624 Class A shares, 35.24 million Class B shares and 44.05 million Class A units; indirectly, his wholly-owned ECG II SPE, LLC holds a further 8 million Class B shares and 10 million Class A units. Although the sale represents a small fraction of his multi-class economic stake (<1 %), it introduces an incremental 100 k shares to the Class A float and may be viewed by investors as a liquidity-motivated reduction in common-stock exposure.

Carvana Co. (CVNA) – Attività insider Form 4 datata 31 lug 2025

Il fondatore della società e detentore del 10%, Ernest C. Garcia II, ha convertito 125.000 unità di Classe A di Carvana Group in 100.000 azioni di Classe A; le correlate 100.000 azioni di Classe B sono state automaticamente cancellate secondo l'Accordo di Scambio del 2017. Nello stesso giorno, agendo secondo un piano di trading Rule 10b5-1 adottato il 13 dic 2024, Garcia ha venduto 93.376 azioni di Classe A in 24 operazioni separate a prezzi medi ponderati tra $383,45 e $407,86 (≈ $395 medio), realizzando circa 37 milioni di dollari di proventi lordi.

Dopo le transazioni, Garcia possiede direttamente 6.624 azioni di Classe A, 35,24 milioni di azioni di Classe B e 44,05 milioni di unità di Classe A; indirettamente, la sua società interamente controllata ECG II SPE, LLC detiene ulteriori 8 milioni di azioni di Classe B e 10 milioni di unità di Classe A. Sebbene la vendita rappresenti una piccola frazione della sua partecipazione economica multi-classe (<1%), introduce un incremento di 100.000 azioni nel flottante di Classe A e potrebbe essere interpretata dagli investitori come una riduzione motivata dalla liquidità dell'esposizione alle azioni ordinarie.

Carvana Co. (CVNA) – Actividad insider Formulario 4 fechada el 31 de julio de 2025

El fundador de la empresa y propietario del 10%, Ernest C. Garcia II, convirtió 125,000 unidades Clase A de Carvana Group en 100,000 acciones Clase A; las 100,000 acciones Clase B relacionadas fueron canceladas automáticamente bajo el Acuerdo de Intercambio de 2017. Ese mismo día, actuando bajo un plan de trading Rule 10b5-1 adoptado el 13 de diciembre de 2024, Garcia vendió 93,376 acciones Clase A en 24 operaciones separadas a precios promedio ponderados entre $383.45 y $407.86 (≈ $395 combinado), obteniendo aproximadamente $37 millones en ingresos brutos.

Tras las transacciones, Garcia posee directamente 6,624 acciones Clase A, 35.24 millones de acciones Clase B y 44.05 millones de unidades Clase A; indirectamente, su empresa totalmente controlada ECG II SPE, LLC posee otros 8 millones de acciones Clase B y 10 millones de unidades Clase A. Aunque la venta representa una pequeña fracción de su participación económica multi-clase (<1%), introduce 100,000 acciones adicionales en el flotante Clase A y puede ser vista por los inversores como una reducción motivada por liquidez en la exposición a acciones comunes.

Carvana Co. (CVNA) – 2025년 7월 31일자 Form 4 내부자 거래 내역

회사 창립자이자 10% 지분 보유자인 Ernest C. Garcia II는 Carvana Group의 125,000 클래스 A 유닛을 100,000 클래스 A 주식으로 전환했으며; 관련된 100,000 클래스 B 주식은 2017년 교환 계약에 따라 자동 취소되었습니다. 같은 날, 2024년 12월 13일 채택된 Rule 10b5-1 거래 계획에 따라 Garcia는 93,376 클래스 A 주식을 24건의 별도 거래로 가중평균 가격 $383.45에서 $407.86 사이(약 $395 평균)에 매도하여 대략 3,700만 달러의 총 수익을 실현했습니다.

거래 후 Garcia는 직접적으로 6,624 클래스 A 주식, 3,524만 클래스 B 주식과 4,405만 클래스 A 유닛을 보유하며; 그의 전액 소유 회사인 ECG II SPE, LLC는 추가로 800만 클래스 B 주식과 1,000만 클래스 A 유닛을 보유하고 있습니다. 이번 매도는 그의 다중 등급 경제 지분의 작은 일부(<1%)에 불과하지만, 클래스 A 유동 주식에 10만 주를 추가하며 투자자들 사이에서는 보통주 노출을 유동성 확보 차원에서 일부 줄인 것으로 해석될 수 있습니다.

Carvana Co. (CVNA) – Activité d'initié Formulaire 4 datée du 31 juillet 2025

Le fondateur de l'entreprise et détenteur de 10 %, Ernest C. Garcia II, a converti 125 000 unités de Classe A de Carvana Group en 100 000 actions de Classe A ; les 100 000 actions de Classe B associées ont été automatiquement annulées conformément à l'Accord d'Échange de 2017. Le même jour, agissant en vertu d'un plan de trading Rule 10b5-1 adopté le 13 décembre 2024, Garcia a vendu 93 376 actions de Classe A en 24 transactions distinctes à des prix moyens pondérés compris entre 383,45 $ et 407,86 $ (≈ 395 $ en moyenne), réalisant environ 37 millions de dollars de produit brut.

Après ces transactions, Garcia détient directement 6 624 actions de Classe A, 35,24 millions d'actions de Classe B et 44,05 millions d'unités de Classe A ; indirectement, sa société entièrement détenue ECG II SPE, LLC détient en outre 8 millions d'actions de Classe B et 10 millions d'unités de Classe A. Bien que cette vente représente une petite fraction de sa participation économique multi-classes (<1 %), elle ajoute 100 000 actions supplémentaires au flottant de Classe A et peut être perçue par les investisseurs comme une réduction motivée par la liquidité de son exposition aux actions ordinaires.

Carvana Co. (CVNA) – Insider-Aktivität Form 4 vom 31. Juli 2025

Firmengründer und 10%-Eigentümer Ernest C. Garcia II wandelte 125.000 Class A Einheiten von Carvana Group in 100.000 Class A Aktien um; die zugehörigen 100.000 Class B Aktien wurden gemäß dem Austauschvertrag von 2017 automatisch annulliert. Am selben Tag verkaufte Garcia gemäß einem am 13. Dez. 2024 angenommenen Rule 10b5-1 Handelsplan 93.376 Class A Aktien in 24 separaten Transaktionen zu gewichteten Durchschnittspreisen zwischen (≈ $395 gemischt) und erzielte dabei rund 37 Millionen US-Dollar Bruttoerlös.

Nach den Transaktionen besitzt Garcia direkt 6.624 Class A Aktien, 35,24 Millionen Class B Aktien und 44,05 Millionen Class A Einheiten; indirekt hält seine hundertprozentige Tochtergesellschaft ECG II SPE, LLC weitere 8 Millionen Class B Aktien und 10 Millionen Class A Einheiten. Obwohl der Verkauf nur einen kleinen Bruchteil seines multi-klassigen wirtschaftlichen Anteils (<1%) darstellt, erhöht er das Class A Streubesitzvolumen um 100.000 Aktien und könnte von Investoren als liquiditätsmotivierte Reduzierung der Stammaktienexponierung gesehen werden.

Positive
  • 100,000 new Class A shares added to public float, potentially improving liquidity.
Negative
  • Founder sold 93,376 Class A shares (~$37 m), a signal that may dampen investor confidence despite 10b5-1 plan.

Insights

TL;DR: Founder sold ~$37 m of CVNA stock; float rises 100 k shares—minor dilution, modestly negative sentiment.

The filing shows a routine unit-for-share conversion followed by sizable open-market sales under a pre-scheduled 10b5-1 plan. The ~93 k shares disposed represent less than 0.1 % of outstanding Class A but signal some profit-taking near all-time highs (~$395). Garcia retains super-voting control via 35 m Class B shares and 54 m exchangeable units, so governance dynamics remain unchanged. From a valuation perspective the extra 100 k shares add negligible dilution, yet insider selling by the controlling shareholder typically exerts mild downward pressure on sentiment and could weigh on near-term momentum.

Carvana Co. (CVNA) – Attività insider Form 4 datata 31 lug 2025

Il fondatore della società e detentore del 10%, Ernest C. Garcia II, ha convertito 125.000 unità di Classe A di Carvana Group in 100.000 azioni di Classe A; le correlate 100.000 azioni di Classe B sono state automaticamente cancellate secondo l'Accordo di Scambio del 2017. Nello stesso giorno, agendo secondo un piano di trading Rule 10b5-1 adottato il 13 dic 2024, Garcia ha venduto 93.376 azioni di Classe A in 24 operazioni separate a prezzi medi ponderati tra $383,45 e $407,86 (≈ $395 medio), realizzando circa 37 milioni di dollari di proventi lordi.

Dopo le transazioni, Garcia possiede direttamente 6.624 azioni di Classe A, 35,24 milioni di azioni di Classe B e 44,05 milioni di unità di Classe A; indirettamente, la sua società interamente controllata ECG II SPE, LLC detiene ulteriori 8 milioni di azioni di Classe B e 10 milioni di unità di Classe A. Sebbene la vendita rappresenti una piccola frazione della sua partecipazione economica multi-classe (<1%), introduce un incremento di 100.000 azioni nel flottante di Classe A e potrebbe essere interpretata dagli investitori come una riduzione motivata dalla liquidità dell'esposizione alle azioni ordinarie.

Carvana Co. (CVNA) – Actividad insider Formulario 4 fechada el 31 de julio de 2025

El fundador de la empresa y propietario del 10%, Ernest C. Garcia II, convirtió 125,000 unidades Clase A de Carvana Group en 100,000 acciones Clase A; las 100,000 acciones Clase B relacionadas fueron canceladas automáticamente bajo el Acuerdo de Intercambio de 2017. Ese mismo día, actuando bajo un plan de trading Rule 10b5-1 adoptado el 13 de diciembre de 2024, Garcia vendió 93,376 acciones Clase A en 24 operaciones separadas a precios promedio ponderados entre $383.45 y $407.86 (≈ $395 combinado), obteniendo aproximadamente $37 millones en ingresos brutos.

Tras las transacciones, Garcia posee directamente 6,624 acciones Clase A, 35.24 millones de acciones Clase B y 44.05 millones de unidades Clase A; indirectamente, su empresa totalmente controlada ECG II SPE, LLC posee otros 8 millones de acciones Clase B y 10 millones de unidades Clase A. Aunque la venta representa una pequeña fracción de su participación económica multi-clase (<1%), introduce 100,000 acciones adicionales en el flotante Clase A y puede ser vista por los inversores como una reducción motivada por liquidez en la exposición a acciones comunes.

Carvana Co. (CVNA) – 2025년 7월 31일자 Form 4 내부자 거래 내역

회사 창립자이자 10% 지분 보유자인 Ernest C. Garcia II는 Carvana Group의 125,000 클래스 A 유닛을 100,000 클래스 A 주식으로 전환했으며; 관련된 100,000 클래스 B 주식은 2017년 교환 계약에 따라 자동 취소되었습니다. 같은 날, 2024년 12월 13일 채택된 Rule 10b5-1 거래 계획에 따라 Garcia는 93,376 클래스 A 주식을 24건의 별도 거래로 가중평균 가격 $383.45에서 $407.86 사이(약 $395 평균)에 매도하여 대략 3,700만 달러의 총 수익을 실현했습니다.

거래 후 Garcia는 직접적으로 6,624 클래스 A 주식, 3,524만 클래스 B 주식과 4,405만 클래스 A 유닛을 보유하며; 그의 전액 소유 회사인 ECG II SPE, LLC는 추가로 800만 클래스 B 주식과 1,000만 클래스 A 유닛을 보유하고 있습니다. 이번 매도는 그의 다중 등급 경제 지분의 작은 일부(<1%)에 불과하지만, 클래스 A 유동 주식에 10만 주를 추가하며 투자자들 사이에서는 보통주 노출을 유동성 확보 차원에서 일부 줄인 것으로 해석될 수 있습니다.

Carvana Co. (CVNA) – Activité d'initié Formulaire 4 datée du 31 juillet 2025

Le fondateur de l'entreprise et détenteur de 10 %, Ernest C. Garcia II, a converti 125 000 unités de Classe A de Carvana Group en 100 000 actions de Classe A ; les 100 000 actions de Classe B associées ont été automatiquement annulées conformément à l'Accord d'Échange de 2017. Le même jour, agissant en vertu d'un plan de trading Rule 10b5-1 adopté le 13 décembre 2024, Garcia a vendu 93 376 actions de Classe A en 24 transactions distinctes à des prix moyens pondérés compris entre 383,45 $ et 407,86 $ (≈ 395 $ en moyenne), réalisant environ 37 millions de dollars de produit brut.

Après ces transactions, Garcia détient directement 6 624 actions de Classe A, 35,24 millions d'actions de Classe B et 44,05 millions d'unités de Classe A ; indirectement, sa société entièrement détenue ECG II SPE, LLC détient en outre 8 millions d'actions de Classe B et 10 millions d'unités de Classe A. Bien que cette vente représente une petite fraction de sa participation économique multi-classes (<1 %), elle ajoute 100 000 actions supplémentaires au flottant de Classe A et peut être perçue par les investisseurs comme une réduction motivée par la liquidité de son exposition aux actions ordinaires.

Carvana Co. (CVNA) – Insider-Aktivität Form 4 vom 31. Juli 2025

Firmengründer und 10%-Eigentümer Ernest C. Garcia II wandelte 125.000 Class A Einheiten von Carvana Group in 100.000 Class A Aktien um; die zugehörigen 100.000 Class B Aktien wurden gemäß dem Austauschvertrag von 2017 automatisch annulliert. Am selben Tag verkaufte Garcia gemäß einem am 13. Dez. 2024 angenommenen Rule 10b5-1 Handelsplan 93.376 Class A Aktien in 24 separaten Transaktionen zu gewichteten Durchschnittspreisen zwischen (≈ $395 gemischt) und erzielte dabei rund 37 Millionen US-Dollar Bruttoerlös.

Nach den Transaktionen besitzt Garcia direkt 6.624 Class A Aktien, 35,24 Millionen Class B Aktien und 44,05 Millionen Class A Einheiten; indirekt hält seine hundertprozentige Tochtergesellschaft ECG II SPE, LLC weitere 8 Millionen Class B Aktien und 10 Millionen Class A Einheiten. Obwohl der Verkauf nur einen kleinen Bruchteil seines multi-klassigen wirtschaftlichen Anteils (<1%) darstellt, erhöht er das Class A Streubesitzvolumen um 100.000 Aktien und könnte von Investoren als liquiditätsmotivierte Reduzierung der Stammaktienexponierung gesehen werden.

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
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
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*
GARCIA ERNEST C. II
(Last) (First) (Middle)
1720 W. RIO SALADO PARKWAY
SUITE A
(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 X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/31/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X 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 07/31/2025 C 100,000 A (1) 100,000 D
Class A Common Stock 07/31/2025 S(2) 2,339 D $384.1373(3)(4) 97,661 D
Class A Common Stock 07/31/2025 S(2) 3,537 D $385.1565(3)(4) 94,124 D
Class A Common Stock 07/31/2025 S(2) 2,650 D $385.8354(3)(4) 91,474 D
Class A Common Stock 07/31/2025 S(2) 4,558 D $386.9878(3)(4) 86,916 D
Class A Common Stock 07/31/2025 S(2) 5,408 D $388.0722(3)(4) 81,508 D
Class A Common Stock 07/31/2025 S(2) 8,018 D $389.0481(3)(4) 73,490 D
Class A Common Stock 07/31/2025 S(2) 6,564 D $390.0059(3)(4) 66,926 D
Class A Common Stock 07/31/2025 S(2) 5,016 D $390.9919(3)(4) 61,910 D
Class A Common Stock 07/31/2025 S(2) 4,141 D $392.1065(3)(4) 57,769 D
Class A Common Stock 07/31/2025 S(2) 6,034 D $393.0964(3)(4) 51,735 D
Class A Common Stock 07/31/2025 S(2) 5,330 D $394.1219(3)(4) 46,405 D
Class A Common Stock 07/31/2025 S(2) 8,178 D $395.1366(3)(4) 38,227 D
Class A Common Stock 07/31/2025 S(2) 3,385 D $396.0428(4)(5) 34,842 D
Class A Common Stock 07/31/2025 S(2) 1,320 D $397.078(4)(5) 33,522 D
Class A Common Stock 07/31/2025 S(2) 2,608 D $398.2013(4)(5) 30,914 D
Class A Common Stock 07/31/2025 S(2) 1,864 D $399.1318(4)(5) 29,050 D
Class A Common Stock 07/31/2025 S(2) 2,280 D $400.3673(4)(5) 26,770 D
Class A Common Stock 07/31/2025 S(2) 5,424 D $401.1731(4)(5) 21,346 D
Class A Common Stock 07/31/2025 S(2) 3,022 D $402.1832(4)(5) 18,324 D
Class A Common Stock 07/31/2025 S(2) 2,822 D $403.3181(4)(5) 15,502 D
Class A Common Stock 07/31/2025 S(2) 2,628 D $404.3315(4)(5) 12,874 D
Class A Common Stock 07/31/2025 S(2) 2,168 D $405.18(4)(5) 10,706 D
Class A Common Stock 07/31/2025 S(2) 2,208 D $406.246(4)(5) 8,498 D
Class A Common Stock 07/31/2025 S(2) 1,874 D $407.3257(4)(5) 6,624 D
Class B Common Stock 07/31/2025 J 100,000 D (6) 35,242,792 D
Class B Common Stock 8,000,000 I ECG II SPE, LLC(7)
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
Class A Units (1) 07/31/2025 C 125,000 (1) (1) Class A Common Stock 100,000 $0 44,053,489 D
Class A Units (8) (8) (8) Class A Common Stock 8,000,000 10,000,000 I ECG II SPE, LLC
1. Name and Address of Reporting Person*
GARCIA ERNEST C. II
(Last) (First) (Middle)
1720 W. RIO SALADO PARKWAY
SUITE A
(Street)
TEMPE AZ 85281
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
ECG II SPE, LLC
(Last) (First) (Middle)
1720 W. RIO SALADO PARKWAY
SUITE A
(Street)
TEMPE AZ 85281
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement").
2. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on December 13, 2024.
3. The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $383.45-$384.44, inclusive (weighted average of $384.1373); $384.46-$385.45, inclusive (weighted average of $385.1565); $385.46-$386.43, inclusive (weighted average of $385.8354); $386.485-$387.48, inclusive (weighted average of $386.9878); $387.54-$388.5163, inclusive (weighted average of $388.0722); $388.54-$389.52, inclusive (weighted average of $389.0481); $389.54-$390.53, inclusive (weighted average of $390.0059); $390.55-$391.53, inclusive (weighted average of $390.9919); $391.56-$392.50, inclusive (weighted average of $392.1065); $392.59-$393.585, inclusive (weighted average of $393.0964); $393.64-$394.625, inclusive (weighted average of $394.1219); and $394.64-$395.63, inclusive (weighted average of $395.1366), respectively.
4. The reporting person undertakes to provide to the issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
5. The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $395.64-$396.60, inclusive (weighted average of $396.0428); $396.64-$397.625, inclusive (weighted average of $397.078); $397.70-$398.69, inclusive (weighted average of $398.2013); $398.70-$399.64, inclusive (weighted average of $399.1318); $399.73-$400.72, inclusive (weighted average of $400.3673); $400.7444-$401.73, inclusive (weighted average of $401.1731); $401.7595-$402.75, inclusive (weighted average of $402.1832); $402.79-$403.7588, inclusive (weighted average of $403.3181); $403.8147-$404.8144, inclusive (weighted average of $404.3315); $404.83-$405.7962, inclusive (weighted average of $405.18); $405.85-$406.8392, inclusive (weighted average of $406.246); and $406.9175-$407.86, inclusive (weighted average of $407.3257), respectively.
6. Reflects the cancellation for no consideration of Class B Common Stock of the Issuer ("Class B Shares") in connection with the conversion of Class A Units into Class A Shares. Following the reported transaction, the remaining Class B Shares are owned directly by Ernest C. Garcia II.
7. These Class B Shares are owned directly by ECG II SPE, LLC ("E-SPE"), an entity which Mr. Garcia wholly owns and controls.
8. These Class A Units are owned directly by E-SPE and are exchangeable for 0.8 Class A Shares pursuant to the Exchange Agreement.
/s/ Ernest C. Garcia II 08/04/2025
/s/ Ernest C. Garcia II, ECG II SPE, LLC 08/04/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

How many Carvana (CVNA) shares did Ernest C. Garcia II sell on 31 Jul 2025?

He sold 93,376 Class A shares in multiple transactions.

What was the average sale price for the insider transactions?

Weighted-average prices ranged from $383.45 to $407.86, averaging roughly $395 per share.

Did the sales occur under a Rule 10b5-1 plan?

Yes. The trades were executed pursuant to a 10b5-1 plan adopted 13 Dec 2024.

How many Carvana shares does Garcia own after the reported transactions?

Post-sale he holds 6,624 Class A shares, 35.24 m Class B shares plus indirect and exchangeable interests detailed in the filing.

Does this filing change Garcia’s voting control over Carvana?

No. The small Class A sale does not affect his majority voting power held through Class B shares.
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Carvana

NYSE:CVNA

CVNA Rankings

#454 Ranked by Market Cap
N/A Ranked by Dividends

CVNA Latest News

Aug 6, 2025
Carvana Report Reveals Record EV and PHEV Sales Mix
Aug 5, 2025
Carvana to Present at Upcoming J.P. Morgan Automotive Conference
Jul 30, 2025
Carvana Announces Record Second Quarter 2025 Results
Jul 28, 2025
Carvana Brings Inspection and Reconditioning Center Capabilities to ADESA Seattle
Jul 2, 2025
Carvana to Report Second Quarter 2025 Results and Host Quarterly Conference Call on July 30

CVNA Latest SEC Filings

Aug 6, 2025
[Form 4] Carvana Co. Insider Trading Activity
Aug 6, 2025
[Form 4] Carvana Co. Insider Trading Activity
Aug 6, 2025
[144] Carvana Co. SEC Filing
Aug 6, 2025
[SCHEDULE 13G/A] Carvana Co. SEC Filing
Aug 5, 2025
[Form 4] Carvana Co. Insider Trading Activity

CVNA Stock Data

48.43B
134.31M
2.61%
89.85%
9.26%
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