CVNA Form 4: 3,000 Class A shares moved from Revocable to Irrevocable Trust

Rhea-AI Filing Summary

Carvana Co. (CVNA) reported a Form 4 disclosing a transfer of Class A common stock by a reporting person, Ira J. Platt, who is identified as a director. The filing records a 3,000-share transfer of Class A common stock from the Ira J. Platt Revocable Trust to the Platt Family 2024 Irrevocable Trust for $0, with the transaction dated 08/07/2025.

The filing details multiple trust and indirect holdings associated with the reporting person and family trusts, listing beneficial-ownership entries including 21,999, 7,827, 21,231, 26,105, and 850 shares across the Revocable Trust, Irrevocable Trust, Settlers Trust and other holdings. The form is signed by a power of attorney on behalf of Ira J. Platt.

Positive

• 3,000 shares of Class A common stock were transferred from the Ira J. Platt Revocable Trust to the Platt Family 2024 Irrevocable Trust for $0 (explicitly stated)
• Ira J. Platt is identified as a Director of Carvana Co. and as co-trustee of the Revocable Trust (explicitly stated)

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine intra-family trust transfer—3,000 Class A shares moved for no consideration; filing lists family trust holdings and indirect ownership.

The Form 4 reports a transfer of 3,000 Class A shares between two named family trusts with a stated price of $0, and identifies the reporting person as a director and co-trustee. The document enumerates several beneficial-ownership figures across trusts and related entities. There is no sale or cash consideration disclosed in this transaction; the filing appears to record a reallocation of shares among trust vehicles rather than an open-market disposition or acquisition.

Corporate Governance Expert

TL;DR: Disclosure shows trust-to-trust transfer and identifies trustee roles; Form 4 captures required insider reporting information.

The filing explicitly states trustee relationships: the reporting person is co-trustee of the Revocable Trust and the reporting person's spouse is co-trustee or primary beneficiary of referenced trusts. The transfer is documented as occurring for no consideration and the form includes indirect ownership designations (“By Trust” and “By Parent”) for multiple holdings. The submission was executed via power of attorney, consistent with permitted reporting practices.

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

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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^*

PLATT IRA J.

(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		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/07/2025

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	08/07/2025		J(1)		3,000	D	$0	21,999	I	By Trust(2)
Class A Common Stock	08/07/2025		J(1)		3,000	A	$0	7,827	I	By Trust(3)
Class A Common Stock								21,231	I	By Trust(4)
Class A Common Stock								26,105	D
Class A Common Stock								850	I	By Parent

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. 3,000 shares of Class A common stock were transferred from the Ira J. Platt Revocable Trust (the "Revocable Trust") to the Platt Family 2024 Irrevocable Trust (the "Irrevocable Trust") for no consideration.

2. Represents shares of Class A common stock held directly by the Revocable Trust. The Reporting Person is co-trustee of the Revocable Trust, and the Reporting Person's spouse is the primary beneficiary of the Revocable Trust.

3. Represents shares of Class A common stock held directly by the the Irrevocable Trust. The Reporting Person's spouse is co-trustee of the Irrevocable Trust.

4. Represents shares of Class A common stock held directly by the Georgiana Platt and Successors Remainder Trust (the "Settlers Trust"). The Reporting Person's spouse is co-trustee and primary beneficiary of the Settlers Trust.

Remarks:

	/s/ Paul Breaux, by Power of Attorney for Ira J. Platt	08/08/2025
	** 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.

FAQ

What transaction is disclosed on the CVNA Form 4?

The Form 4 discloses a transfer of 3,000 shares of Class A common stock from the Ira J. Platt Revocable Trust to the Platt Family 2024 Irrevocable Trust for $0, dated 08/07/2025.

Who is the reporting person on the CVNA Form 4 and what is their relationship to the issuer?

The reporting person is Ira J. Platt, who is identified in the filing as a Director of Carvana Co.

How are the transferred shares held after the transaction according to the filing?

The filing lists beneficial-ownership entries across trusts and related holdings, including 21,999, 7,827, 21,231, 26,105, and 850 shares attributed to various trusts and indirect holdings.

Was any cash consideration reported for the transfer on the CVNA Form 4?

No cash consideration was reported; the transfer of 3,000 shares is stated to have been made for $0.

Who signed the Form 4 filing for Ira J. Platt?

The Form 4 is signed by Paul Breaux, by power of attorney for Ira J. Platt (signature block appears on the form).