Carvana CEO has shares withheld for tax payment
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Form Type
4
Rhea-AI Filing Summary
CARVANA CO. Chief Executive Officer Ernest C. Garcia III had 4,537 shares of Class A common stock withheld on April 1, 2026 to cover tax obligations upon the vesting of restricted stock units, at a price of $312.09 per share. This was recorded as a tax-withholding disposition rather than an open-market sale. After this event, he directly holds 910,345 Class A shares, and has additional indirect holdings of 450,000 shares through the Ernest C. Garcia III Multi-Generational Trust III and 350,000 shares through the Ernest Irrevocable 2004 Trust III.
Insider Trade Summary
Exercise Price or Tax Liability: 4,537 shares
Exercise Price or Tax Liability
3 txns
Insider
GARCIA ERNEST C. III
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 4,537 | $312.09 | $1.42M |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 910,345 shares (Direct);
Class A Common Stock — 450,000 shares (Indirect, Ernest C. Garcia III Multi-Generational Trust III);
Class A Common Stock — 350,000 shares (Indirect, Ernest Irrevocable 2004 Trust III)
Footnotes (3)
- F1. Represents total number of shares of Class A Common Stock of the Issuer withheld for taxes upon vesting of restricted stock units pursuant to various awards.
- F2. These shares of Class A common stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust.
- F3. These shares of Class A common stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust.
Key Figures
Shares withheld for taxes: 4,537 shares
Withholding price per share: $312.09 per share
Direct holdings after transaction: 910,345 shares
+2 more
5 metrics
Shares withheld for taxes
4,537 shares
Tax-withholding disposition on April 1, 2026
Withholding price per share
$312.09 per share
Value used for RSU tax-withholding event
Direct holdings after transaction
910,345 shares
Class A common stock held directly by CEO
Multi-Generational Trust holdings
450,000 shares
Held by Ernest C. Garcia III Multi-Generational Trust III
Irrevocable Trust holdings
350,000 shares
Held by Ernest Irrevocable 2004 Trust III
Key Terms
restricted stock units, tax-withholding disposition, Class A Common Stock, Investment Trustee, +1 more
5 terms
restricted stock units financial
"withheld for taxes upon vesting of restricted stock units pursuant to various awards"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
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.
Class A Common Stock financial
"Represents total number of shares of Class A Common Stock of the Issuer withheld for taxes"
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.
Investment Trustee financial
"The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust"
indirect ownership financial
"These shares of Class A common stock are held directly by the Ernest Irrevocable 2004 Trust III"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Carvana (CVNA) report for Ernest C. Garcia III?
Carvana reported that CEO Ernest C. Garcia III had 4,537 Class A shares withheld to cover taxes upon vesting of restricted stock units. This was a tax-withholding disposition, not an open-market sale, and reflects routine equity compensation mechanics.
What indirect Carvana holdings are reported for trusts associated with Ernest C. Garcia III?
The filing shows 450,000 Class A shares held by the Ernest C. Garcia III Multi-Generational Trust III and 350,000 shares held by the Ernest Irrevocable 2004 Trust III. Garcia is described as Investment Trustee and Co-Administrative Trustee for both trusts, giving him associated indirect holdings.
Does this Carvana Form 4 show any open-market buying or selling by the CEO?
The disclosed transaction is a tax-withholding disposition of 4,537 shares related to restricted stock units, coded as “F.” The transaction summary shows no open-market purchases or sales, indicating the filing reflects compensation-related withholding rather than discretionary trading.
How large is the CEO’s overall Carvana position based on this Form 4?
Based on this Form 4, Ernest C. Garcia III holds 910,345 shares directly, plus 450,000 and 350,000 shares indirectly through two named trusts. Together, these direct and indirect amounts highlight a substantial continuing equity interest in Carvana following the tax-withholding event.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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