Carvana (NYSE: CVNA) executive sells 5,597 shares under 10b5-1 plan

Rhea-AI Filing Summary

CARVANA CO. executive Taira Thomas, President, Special Projects, sold 5,597 shares of Class A Common Stock in an open-market transaction at a price of $67.15 per share. After this sale, Thomas directly holds 315,075 shares. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 8, 2025, indicating it was scheduled in advance rather than timed discretionarily.

Insights

Equity ownership and insider-trading analyst

Routine 10b5-1 sale of a small portion of holdings.

Carvana executive Taira Thomas sold 5,597 shares of Class A Common Stock at $67.15 per share in an open-market transaction. Following the sale, Thomas still directly holds 315,075 shares, so the transaction represents a relatively small slice of the visible position.

The footnote states the sale was made under a pre-arranged Rule 10b5-1 trading plan adopted on August 8, 2025. Such plans automate trades according to preset instructions, reducing the informational content of the timing. From the data shown, this looks like a routine liquidity event rather than a transformative change in insider ownership.

Insider Trade Summary 10b5-1

Net Seller: 5,597 shares ($375,839)

Net Sell 1 txn

Insider Taira Thomas

Role President, Special Projects

Sold 5,597 shs ($376K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	5,597	$67.15	$376K

Holdings After Transaction: Class A Common Stock — 315,075 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares sold: 5,597 shares Sale price: $67.15 per share Shares held after sale: 315,075 shares +2 more

5 metrics

Shares sold 5,597 shares Open-market sale on June 8, 2026

Sale price $67.15 per share Price for Class A Common Stock sale

Shares held after sale 315,075 shares Direct holdings following transaction

Trading plan adoption date August 8, 2025 Rule 10b5-1 plan referenced in footnote

Transaction direction Net-sell of 5,597 shares Transaction summary indicates net-sell

Key Terms

Rule 10b5-1 trading plan, open-market sale, Class A Common Stock, Form 4

4 terms

Rule 10b5-1 trading plan regulatory

"The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person"

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.

open-market sale financial

"transaction_action": "open-market sale""

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.

Class A Common Stock financial

""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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

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^*

Taira Thomas

(Last) (First) (Middle)

300 E. RIO SALADO PKWY

(Street)

TEMPE ARIZONA 85281

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CARVANA CO. [ CVNA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, Special Projects

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	06/08/2026		S(1)		5,597	D	$67.15	315,075	D

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

Explanation of Responses:

1. The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 8, 2025 (the "10b5-1 Plan").

Remarks:

	/s/ Paul Breaux, by Power of Attorney for Thomas Taira	06/09/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Carvana (CVNA) executive Taira Thomas report?

Carvana executive Taira Thomas reported selling 5,597 shares of Class A Common Stock. The sale was executed as an open-market transaction at $67.15 per share and was carried out pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on August 8, 2025.

How many Carvana (CVNA) shares does Taira Thomas hold after the reported sale?

After selling 5,597 shares, Taira Thomas directly holds 315,075 shares of Carvana Class A Common Stock. This indicates the transaction covered only a small portion of her overall reported holdings, with the majority of her position remaining invested in the company.

At what price did Taira Thomas sell Carvana (CVNA) shares in the Form 4 filing?

Taira Thomas sold 5,597 shares of Carvana Class A Common Stock at a price of $67.15 per share. This price reflects the execution level for the reported open-market sale, as disclosed in the Form 4 insider transaction data for the June 8, 2026 trade date.

Was the Carvana (CVNA) insider sale by Taira Thomas under a Rule 10b5-1 plan?

Yes. The filing states the reported sales were effected under a Rule 10b5-1 trading plan adopted on August 8, 2025. Such plans pre-schedule trades, meaning the timing of this June 8, 2026 sale was set in advance rather than decided opportunistically.

What role does Taira Thomas hold at Carvana (CVNA) in this Form 4?

In this Form 4, Taira Thomas is identified as an officer of Carvana with the title "President, Special Projects." This indicates a senior leadership role at the company, making her equity transactions notable for investors tracking insider ownership activity and management alignment.