Carvana CEO reports RSU tax share disposition

Carvana Co. CEO Ernest C. Garcia III reported a tax-withholding disposition of 1,229 shares of Class A common stock on Code F, tied to vested restricted stock units at $334.16 per share.

Rhea-AI Filing Summary

Carvana Co. CEO Ernest C. Garcia III reported a tax-withholding disposition of 1,229 shares of Class A common stock on Code F, tied to vested restricted stock units at $334.16 per share. After this, he held 914,882 shares directly.

He also reported indirect holdings of 450,000 shares in the Ernest C. Garcia III Multi-Generational Trust III and 350,000 shares in the Ernest Irrevocable 2004 Trust III, where he serves as Investment Trustee and Co-Administrative Trustee.

Insider Trade Summary

Exercise Price or Tax Liability: 1,229 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	1,229	$334.16	$411K
holding	Class A Common Stock	--	--	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 914,882 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)

1. 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.
2. 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.
3. 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Carvana (CVNA) CEO Ernest Garcia III report?

Ernest C. Garcia III reported a tax-withholding disposition of Class A common stock. The shares were withheld by the issuer to cover taxes due upon vesting of restricted stock units, rather than sold in an open-market transaction.

How many Carvana (CVNA) shares were disposed of for taxes and at what price?

A total of 1,229 shares of Carvana Class A common stock were withheld for taxes. The withholding price was reported as $334.16 per share, reflecting the value used to satisfy the tax liability on vested restricted stock units.

How many Carvana (CVNA) shares does Ernest Garcia III hold directly after this Form 4?

Following the tax-withholding disposition, Ernest C. Garcia III held 914,882 shares of Carvana Class A common stock directly. This figure reflects his remaining direct ownership after the issuer withheld shares to satisfy associated tax obligations.

What indirect Carvana (CVNA) holdings does Ernest Garcia III report through trusts?

He reports 450,000 Carvana 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. He serves as Investment Trustee and Co-Administrative Trustee for both trusts.

Was the Carvana (CVNA) CEO’s Form 4 transaction an open-market sale?

The filing describes the transaction as a tax-withholding disposition under Code F. Shares were withheld to pay tax obligations on restricted stock unit vesting, rather than being sold by the CEO in a discretionary open-market trade.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/03/2026 - 05:40 PM EST Learn about SEC filing dates

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).

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. III

(Last) (First) (Middle)

C/O CARVANA CO.

300 E. RIO SALADO PARKWAY

(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)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

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

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

X	Form filed by One Reporting Person
	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	03/01/2026		F		1,229(1)	D	$334.16	914,882	D
Class A Common Stock								450,000	I	Ernest C. Garcia III Multi-Generational Trust III(2)
Class A Common Stock								350,000	I	Ernest Irrevocable 2004 Trust III(3)

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. 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.

2. 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.

3. 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.

Remarks:

	/s/ Paul Breaux, by Power of Attorney for Ernest C. Garcia, III	03/03/2026
	** 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.