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Carvana (NYSE: CVNA) CPO receives RSUs, shares withheld for taxes

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Carvana Co. Chief Product Officer Daniel J. Gill reported routine equity compensation activity. On April 29, 2026, 19,879 shares of Class A Common Stock were acquired at $0.00 per share upon vesting of restricted stock units granted under a performance award dated January 24, 2024, after the performance condition was met.

On the same date, 10,095 shares were withheld at $396.59 per share to cover tax obligations tied to this vesting, a non–open-market disposition. Following these transactions, Gill directly owned 202,345 shares of Carvana Class A Common Stock, indicating a net increase in his equity position.

Positive

  • None.

Negative

  • None.
Insider GILL DANIEL J.
Role Chief Product Officer
Type Security Shares Price Value
Grant/Award Class A Common Stock 19,879 $0.00 --
Tax Withholding Class A Common Stock 10,095 $396.59 $4.00M
Holdings After Transaction: Class A Common Stock — 202,345 shares (Direct, null)
Footnotes (1)
  1. Represents restricted stock units ("RSUs") granted on January 24, 2024 under the Reporting Person's Performance Restricted Stock Unit Award Agreement between Carvana Co. and the Reporting Person, dated January 24, 2024. The performance condition for the RSUs reported herein has been met, and all RSUs reported herein vested on April 29, 2026. Represents shares of Class A Common Stock of the Issuer withheld for taxes upon vesting of RSUs under the Performance Restricted Stock Unit Award Agreement.
RSU shares vested 19,879 shares Performance RSUs vested on April 29, 2026
Tax withholding shares 10,095 shares Shares withheld for taxes upon RSU vesting
Tax withholding price $396.59 per share Value used for shares withheld for taxes
Shares after withholding step 192,250 shares Direct holdings after tax-withholding transaction
Total shares after all transactions 202,345 shares Direct holdings after RSU vesting and tax withholding
RSU grant date January 24, 2024 Date of Performance RSU Award Agreement
RSU vesting date April 29, 2026 Date when performance condition met and RSUs vested
restricted stock units ("RSUs") financial
"Represents restricted stock units ("RSUs") granted on January 24, 2024 under the Reporting Person's Performance Restricted Stock Unit Award Agreement"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Performance Restricted Stock Unit Award Agreement financial
"under the Reporting Person's Performance Restricted Stock Unit Award Agreement between Carvana Co. and the Reporting Person, dated January 24, 2024"
performance condition financial
"The performance condition for the RSUs reported herein has been met, and all RSUs reported herein vested on April 29, 2026."
withheld for taxes financial
"Represents shares of Class A Common Stock of the Issuer withheld for taxes upon vesting of RSUs"
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
GILL DANIEL J.
(Last)(First)(Middle)
C/O CARVANA CO.
300 E. RIO SALADO PARKWAY
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Product Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/29/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock04/29/2026A19,879(1)A$0202,345D
Class A Common Stock04/29/2026F10,095(2)D$396.59192,250D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents restricted stock units ("RSUs") granted on January 24, 2024 under the Reporting Person's Performance Restricted Stock Unit Award Agreement between Carvana Co. and the Reporting Person, dated January 24, 2024. The performance condition for the RSUs reported herein has been met, and all RSUs reported herein vested on April 29, 2026.
2. Represents shares of Class A Common Stock of the Issuer withheld for taxes upon vesting of RSUs under the Performance Restricted Stock Unit Award Agreement.
Remarks:
/s/ Paul Breaux, by Power of Attorney for Daniel J. Gill05/01/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Carvana (CVNA) report for Daniel J. Gill?

Carvana’s Chief Product Officer Daniel J. Gill reported RSU vesting and related tax withholding. He received 19,879 Class A shares from vested performance RSUs, while 10,095 shares were withheld to satisfy tax obligations, resulting in increased direct ownership of 202,345 shares.

Were Daniel J. Gill’s Carvana (CVNA) transactions open-market buys or sells?

The reported transactions were not open-market trades. Shares were acquired through vesting of performance-based restricted stock units and a portion, 10,095 shares, was withheld by Carvana to cover taxes, a standard compensation-related mechanism rather than discretionary buying or selling.

How many Carvana (CVNA) shares did Daniel J. Gill acquire through RSU vesting?

Daniel J. Gill acquired 19,879 shares of Carvana Class A Common Stock at $0.00 per share upon vesting of performance-based restricted stock units granted on January 24, 2024, after the performance condition was satisfied and all RSUs under that award vested on April 29, 2026.

How many Carvana (CVNA) shares were withheld for Daniel J. Gill’s taxes?

Carvana withheld 10,095 shares of Class A Common Stock from Daniel J. Gill to cover tax liabilities when his performance-based restricted stock units vested. This tax-withholding disposition used a per-share value of $396.59 and did not involve an open-market sale.

What is Daniel J. Gill’s Carvana (CVNA) shareholding after these Form 4 transactions?

After the reported transactions, Daniel J. Gill directly owned 202,345 shares of Carvana Class A Common Stock. This reflects the net effect of RSU vesting, which added 19,879 shares, and tax withholding, which reduced his holdings by 10,095 shares on April 29, 2026.

What were the terms of Daniel J. Gill’s Carvana (CVNA) performance RSU award?

The vested restricted stock units came from a Performance Restricted Stock Unit Award Agreement dated January 24, 2024. The filing notes that the performance condition for these RSUs was met, and all RSUs reported under this award fully vested on April 29, 2026, triggering share delivery.