Every Form 4 that Carvana (CVNA) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow CVNA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CVNA filings page.
Carvana Co. insider Ernest C. Garcia III, the company’s Chief Executive Officer, director and more than 10% owner, reported an equity transaction dated 01/01/2026. The filing shows 897 shares of Class A common stock were withheld to cover taxes upon the vesting of restricted stock units under various awards.
After this tax withholding, Garcia beneficially owns 917,341 Class A shares directly, plus additional indirect holdings through family trusts, including 450,000 shares held by the Ernest C. Garcia III Multi-Generational Trust III and 350,000 shares held by the Ernest Irrevocable 2004 Trust III.
Carvana Co. director Ira J. Platt reported changes in his indirect ownership of Class A common stock. On 12/10/2025, 1,999 shares of Class A common stock previously held indirectly through the Ira J. Platt Revocable Trust were transferred at a stated price of $0 per share, reducing that trust’s reported holdings to 20,000 shares held indirectly. The same number of shares, 1,999, is shown as held indirectly by the Platt Family Foundation, a charitable organization to which the shares were gifted.
The filing also lists additional indirect holdings of Carvana Class A common stock through several family trusts and a parent account, reflecting how Platt’s beneficial ownership is spread across these entities while certain interests are disclaimed except for any pecuniary interest.
Carvana Co. executive reports stock option exercises and share sales. Chief Product Officer Daniel J. Gill exercised stock options for 33,732 Class A shares at $10.07 and 6,268 shares at $42.03 on 12/12/2025. On the same day, he sold 37,880 shares at a volume-weighted average price of $475.20 and 2,120 shares at $476.00, both executed in multiple trades. After these transactions, he directly beneficially owns 191,106 Class A shares. Following the activity, he also holds 167,170 stock options with a $10.07 exercise price and 55,133 stock options with a $42.03 exercise price. The filing notes that the transactions were carried out under a Rule 10b5-1 trading plan adopted on December 13, 2024, and describes standard vesting schedules tied to continued service.
Carvana Co. executive Benjamin E. Huston, the Chief Operating Officer, reported insider transactions in Class A common stock. On 12/12/2025, he exercised stock options to acquire 20,000 shares at an exercise price of $10.07 per share, then sold 20,000 shares on the same day at a reported price of $475 per share. After these transactions, he directly owned 100,758 shares of Class A common stock.
He also continued to hold 348,513 stock options following the reported activity. The filing notes that the option exercises and sales were carried out under a Rule 10b5-1 trading plan adopted on December 13, 2024, which is a pre-arranged program for trading company stock.
Carvana Co. executive Paul Breaux, who serves as Vice President, General Counsel, Secretary, and Chief Compliance Officer, reported option exercises and related share sales of Carvana Class A common stock. On December 11, 2025, he exercised 8,473 stock options at an exercise price of $10.07 per share and sold 8,473 shares of Class A common stock. On December 12, 2025, he exercised an additional 1,527 stock options at $10.07 and sold 1,527 shares.
Following these transactions, Breaux reported owning 69,289 shares of Class A common stock directly, along with remaining stock options to purchase additional shares. The filing states that these option exercises and sales were carried out under a pre-established Rule 10b5-1 trading plan adopted on June 10, 2025, which is designed to allow insiders to trade under preset instructions.
Carvana Co. insider reports option exercise and share sale. On December 12, 2025, an officer of Carvana, serving as President, Special Projects, exercised 10,000 stock options for Class A common stock at an exercise price of $10.07 per share and immediately sold 10,000 Class A shares at a price of $475 per share. After these transactions, the reporting person directly held 69,880 shares of Class A common stock and 151,282 stock options. The filing states that the option exercise and share sale were carried out under a Rule 10b5-1 trading plan adopted on August 8, 2025, which is a pre-arranged plan intended to structure trading while addressing insider trading concerns.
Carvana Co. reported insider activity by an officer serving as President, Special Projects. On 12/08/2025, the insider exercised 20,000 stock options for Class A common stock at an exercise price of $10.07 per share and acquired the same number of shares. That day, the insider reported multiple sales of Class A common stock, including 20,000 shares at $429 per share, 952 shares at $434.77 per share, and 10,000 shares at $450 per share. After these transactions, the insider directly held 79,880 shares of Class A common stock and 161,282 stock options. The filing states that the option exercise and sales were carried out under a Rule 10b5-1 trading plan adopted on August 8, 2025.
Carvana Co.’s Chief Product Officer, Daniel J. Gill, reported multiple option exercises and stock sales on December 8, 2025. He exercised several tranches of stock options to acquire Class A common stock at exercise prices ranging from $10.07 to $296.05 per share. On the same date, he sold a total of 80,000 Class A shares in two transactions at prices of $429 and $450 per share. After these transactions, he directly beneficially owned 191,106 shares of Carvana Class A common stock. The filing notes that the option exercises and sales were carried out under a Rule 10b5-1 trading plan adopted on December 13, 2024.
Carvana Co. executive Benjamin E. Huston, the Chief Operating Officer, reported insider transactions in the company’s Class A common stock. On 12/08/2025, he exercised 40,000 stock options at an exercise price of $10.07 per share, acquiring the same number of Class A shares. That same day, he reported two sales of 20,000 shares each, at prices of $429 and $450 per share. Following these transactions, Huston reported owning 100,758 Class A shares directly and 368,513 stock options.
The filing notes that the option exercises and sales were carried out under a Rule 10b5-1 trading plan adopted on December 13, 2024, which is a pre-arranged plan intended to allow insiders to trade shares over time according to set instructions. The non-qualified stock options exercised were part of a grant that vested 25% on April 1, 2024 and then monthly over the following three years, conditioned on Huston’s continued service with Carvana.
Carvana Co. executive Paul Breaux reported option exercises and share sales. On 12/08/2025, he exercised 9,121 stock options for Class A common stock at an exercise price of $10.07 per share and acquired the same number of shares. That day he sold a total of 20,000 Class A shares in two transactions at prices of $429 and $448 per share, leaving him with 69,289 shares beneficially owned directly.
The transactions were carried out under a Rule 10b5-1 trading plan adopted on June 10, 2025. Following the exercise, Breaux retained 145,741 stock options with a $10.07 exercise price, exercisable through 02/22/2033. These non-qualified stock options vested 25% on April 1, 2024 and continue to vest monthly over the following three years, conditioned on his continued service with Carvana as Vice President, General Counsel, Secretary, and Chief Compliance Officer.
Carvana Co. director Michael E. Maroone reported an option exercise and related share sales. On 12/03/2025, he exercised stock options for 30,928 shares of Class A common stock at an exercise price of $15 per share and acquired these shares. The same day, he sold 29,576 Class A shares at a volume-weighted average price of $400.3 per share in trades executed between $400.00 and $400.99, and sold an additional 1,352 shares at a volume-weighted average price of $401.18 per share in trades between $401.02 and $401.32. After these transactions, he held 143,573 Class A shares directly, plus 45,000 shares indirectly through the Michael Maroone Family Partnership, LP and 264 shares indirectly through a family trust. The transactions were executed under a Rule 10b5-1 trading plan adopted on May 30, 2025.
Carvana Co. insider transaction: Chief Brand Officer Ryan S. Keeton reported selling 10,000 shares of Carvana Class A common stock on 12/03/2025 at a price of $400 per share. After this sale, he beneficially owns 74,460 shares of Class A common stock, held directly. This filing was made on Form 4 as an individual reporting person and reflects a routine disclosure of insider trading activity required by securities regulations.
Carvana Co. insider trading report: A company officer, listed as President, Special Projects, reported selling 25,000 shares of Carvana Class A common stock on 12/03/2025 at a price of $400 per share. After this sale, the officer beneficially owns 80,832 shares directly. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan that the reporting person adopted on August 8, 2025, which is designed to allow insiders to sell shares according to a predetermined schedule.
Carvana Co. insider activity: Chief Executive Officer and director Ernest C. Garcia III reported an automatic share withholding related to equity compensation. On 12/01/2025, 1,229 shares of Carvana Class A common stock were withheld at a price of $375.26 per share to cover taxes upon the vesting of restricted stock units, coded as an "F" transaction.
After this transaction, Garcia directly beneficially owns 918,238 shares of Class A common stock. In addition, 450,000 shares are held indirectly through the Ernest C. Garcia III Multi-Generational Trust III, where he serves as Investment Trustee and Co-Administrative Trustee, and 350,000 shares are held indirectly through the Ernest Irrevocable 2004 Trust III in similar roles.
Carvana Co. insider reports stock transactions and tax withholding
Carvana Co. executive Stephen R. Palmer, Vice President of Accounting, reported two transactions in the company’s Class A common stock on 12/01/2025. First, 644 shares were withheld to cover taxes upon the vesting of restricted stock units, at a price of $375.26 per share. This is a non-open-market transaction tied to equity compensation.
On the same date, Palmer sold 1,000 shares of Class A common stock at a price of $372.31 per share under a pre-arranged Rule 10b5-1 trading plan adopted on May 28, 2025. After these transactions, he beneficially owned 40,224 shares of Carvana Class A common stock directly.
Carvana Co. insider reports tax-related share withholding
A Carvana Co. officer reported a routine change in ownership of Class A common stock. On 12/01/2025, 774 shares of Class A common stock were disposed of at a price of $375.26 per share, identified in the filing as shares withheld to cover taxes upon the vesting of restricted stock units from various awards. After this transaction, the reporting person beneficially owns 80,168 shares of Class A common stock in direct form.
The reporting person serves as Carvana’s Vice President, General Counsel, Secretary, and Chief Compliance Officer, and filed this Form 4 individually rather than as part of a group.
Carvana Co. executive reports planned stock sale and tax withholding. Carvana Co. (CVNA) officer Thomas Taira, President, Special Projects, reported selling 10,000 shares of Class A Common Stock on 11/28/2025 under a Rule 10b5-1 trading plan adopted on August 8, 2025. The sale used a volume-weighted average price of $375.01 per share, executed in multiple trades between $375.00 and $375.19. On 12/01/2025, 675 additional shares were withheld to cover taxes upon vesting of restricted stock units. After these transactions, Taira beneficially owns 105,832 shares of Carvana Class A Common Stock, held directly.
Carvana (CVNA) Chief Financial Officer Mark W. Jenkins reported a series of equity transactions dated 12/01/2025. The filing shows 1,219 shares of Class A common stock withheld to cover taxes upon vesting of restricted stock units at a price of $375.26 per share, leaving him with 204,923 shares immediately after that tax withholding.
On the same date, he exercised stock options to acquire 10,000 shares at $10.07 per share, 2,000 shares at $42.03 per share, and 750 shares at $51.97 per share. He then sold multiple blocks of Class A common stock, including 3,030 shares at a volume-weighted average price of $372.35 per share, with other sales executed in price ranges from $372.00 to $382.06. After all reported transactions, he directly owned 204,923 shares of Class A common stock. The option exercises and related sales were made under a Rule 10b5-1 trading plan adopted on August 5, 2024.
Carvana Co. insider transaction: Chief Product Officer Daniel J. Gill reported a routine change in his holdings of Carvana Class A common stock. On 12/01/2025, 1,338 shares of Class A common stock were withheld by the company at a price of $375.26 per share to cover taxes due upon the vesting of restricted stock units from various awards. After this tax withholding, Gill beneficially owns 191,106 shares of Carvana Class A common stock in direct ownership. This filing reflects administrative equity compensation activity rather than an open-market purchase or sale.
Carvana Co.'s Chief Operating Officer, Benjamin E. Huston, reported several equity transactions dated 12/01/2025. He exercised 10,000 stock options with an exercise price of $10.07 per share, converting them into Class A common stock. On the same day, he sold multiple blocks of Class A shares in open-market transactions at volume-weighted average prices generally between the high $370s and low $380s per share, executed in numerous trades within disclosed price ranges.
The filing also shows 1,219 shares of Class A common stock withheld to cover taxes upon vesting of restricted stock units from various awards. After the reported transactions, Huston directly beneficially owned 100,758 shares of Carvana Class A common stock and held 408,513 stock options beneficially. The option exercises and related sales were carried out under a Rule 10b5-1 trading plan adopted on December 13, 2024.
Carvana Co. insider transaction: Chief Brand Officer Ryan S. Keeton reported selling 10,000 shares of Carvana Class A common stock on 11/25/2025 in an open market sale coded “S.” The reported sale price was $350 per share.
After this transaction, Keeton beneficially owns 94,958 shares of Carvana Class A common stock, held directly. The filing is a Form 4 submitted by a single reporting person in his capacity as an officer of Carvana.
Carvana (CVNA) reported an insider transaction. A director sold 2,500 shares of Class A common stock on 11/12/2025 at $340 per share (Transaction Code: S). Following the sale, the reporting person beneficially owns 39,428 shares, held directly. The filing was made by a single reporting person.
Carvana (CVNA) reported an insider transaction on a Form 4. Officer Thomas Taira, President, Special Projects, sold 952 shares of Class A Common Stock at $325 on 11/10/2025. Following the sale, he beneficially owned 116,507 shares, held directly.
The filing states the sale was effected under a Rule 10b5-1 trading plan adopted on August 8, 2025.
Carvana Co. (CVNA) reported an insider transaction by Chief Brand Officer Ryan S. Keeton. On 11/10/2025, he sold 10,000 shares of Class A Common Stock in an open-market transaction at a volume‑weighted average price of $325.03. The trades occurred within a price range of $325.00 to $325.27.
After the sale, Keeton beneficially owns 104,958 shares, held directly. The filing notes that detailed trade-by-trade pricing is available upon request.
Carvana (CVNA) Form 4: Officer Stephen R. Palmer (Vice President of Accounting) reported two Class A Common Stock transactions. On 11/01/2025, 645 shares were withheld for taxes upon RSU vesting (code F) at $306.54, leaving 42,868 shares directly owned. On 11/03/2025, he sold 1,000 shares (code S) at $305 pursuant to a Rule 10b5-1 trading plan adopted on May 28, 2025, resulting in 41,868 shares directly owned after the sale.
Carvana Co. (CVNA) reported an insider transaction on Form 4. A director sold 2,500 shares of Class A Common Stock on 11/04/2025, coded as an open‑market sale (S). The sale was executed at a volume‑weighted average price of $322.2, with multiple trades ranging from $321.83 to $322.26, inclusive.
Following the transaction, the reporting person beneficially owned 41,928 shares, held directly.
Carvana (CVNA) reported an insider Form 4. On 11/01/2025, an officer had 774 shares of Class A common stock withheld to cover taxes upon the vesting of restricted stock units at $306.54 per share.
Following the tax withholding, the officer beneficially owns 80,942 shares directly. This reflects tax settlement mechanics tied to equity vesting rather than an open‑market sale.
Carvana (CVNA) reported an insider transaction by officer Thomas Taira (President, Special Projects). On 11/01/2025, 675 shares of Class A Common Stock were withheld to cover taxes upon the vesting of restricted stock units, coded F on Form 4, at a transaction price of $306.54.
Following this tax-withholding event, Taira’s beneficial ownership stands at 117,459 shares, held directly. The filing notes the shares were withheld pursuant to various RSU awards.
Carvana (CVNA) CEO, Director, and 10% owner Ernest C. Garcia III filed a Form 4 reporting a tax withholding transaction tied to RSU vesting. On 11/01/2025, 1,229 shares of Class A common stock were withheld at $306.54 per share, coded “F.”
Following the transaction, Garcia beneficially owns 919,467 Class A shares directly. He also reports 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.
Carvana (CVNA) reported an insider transaction by Chief Product Officer Daniel J. Gill on 11/01/2025. The filing shows 1,339 shares of Class A common stock were disposed at $306.54 under transaction code F.
The note states the shares were withheld to cover taxes upon vesting of restricted stock units. After this event, Gill directly owns 192,444 shares.
Carvana (CVNA) reported insider activity by Chief Brand Officer Ryan S. Keeton. On 10/31/2025, he exercised 13,190 stock options at an exercise price of $44.21 (coded M), acquiring Class A shares. That same day, he sold shares in multiple tranches (coded S) at volume‑weighted average prices of $300.38, $301.34, $303.17, $304.16, and $305.31, with the filing noting each tranche comprised multiple trades within stated ranges.
On 11/01/2025, 498 shares were withheld for taxes upon RSU vesting at $306.54 (coded F). Following these transactions, Keeton directly beneficially owned 114,958 Class A shares.
Carvana (CVNA) Chief Operating Officer Benjamin E. Huston reported insider transactions. On 11/01/2025, 1,220 Class A shares were withheld for taxes upon RSU vesting. On 11/03/2025, he exercised 10,000 stock options at an exercise price of $10.07 per share and executed multiple open-market sales the same day.
The sales were made under a Rule 10b5-1 trading plan adopted on December 13, 2024, at volume-weighted average prices with trade ranges disclosed, including $303.98–$334.67 across tranches. After these transactions, his directly held Class A beneficial ownership stood at 101,977 shares. Following the option exercise, the filing lists 418,513 derivative securities (options) beneficially owned.
Carvana (CVNA) CFO Mark W. Jenkins reported insider transactions. On 11/01/2025, 1,220 Class A shares were withheld for taxes at $306.54. On 11/03/2025, he exercised stock options for 10,000 shares at $10.07, 2,000 at $42.03, and 750 at $51.97, then executed multiple open‑market sales.
Sales on 11/03/2025 were made in numerous trades with volume‑weighted average prices across disclosed ranges from $303.98 to $334.52, pursuant to a Rule 10b5‑1 plan adopted August 5, 2024. Following these transactions, beneficial ownership was 206,142 Class A shares (direct).
Insider sales under a 10b5-1 plan: The filing shows that Ernest C. Garcia III, CEO, director and 10% owner of Carvana Co. (CVNA), disposed of a total of 920,696 shares of Class A common stock on 10/09/2025 under a Rule 10b5-1 plan adopted on 12/13/2024. Sales were executed in multiple trades at volume-weighted average prices reported between $348.19 and $361.17 with per-trade VWAPs listed (examples: $348.44, $350.63, $358.96, $362). The shares are held indirectly in two trusts for which he serves as Investment Trustee. The form is signed by a power of attorney on 10/10/2025.
Insider sale of 920,696 Class A shares reported by Ernest C. Garcia III on 10/08/2025. The sales were executed in multiple trades at prices roughly between $361.91 and $370.32, with a reported volume‑weighted average price of $362.58 for certain lots. The transactions were made under a Rule 10b5-1 trading plan adopted on 12/13/2024. Shares are held indirectly through two trusts for which Mr. Garcia is trustee; the Form 4 shows reduced beneficial ownership totals following the disposals.
Insider sales by Carvana CEO/Director Ernest C. Garcia III were reported on a Form 4 showing multiple disposals of Class A common stock executed on 10/07/2025. The filings state the sales were made under a Rule 10b5-1 trading plan adopted on 12/13/2024. The report lists many small blocks sold across a range of prices (roughly $363.20 to $375.00 per share) and shows an aggregate disposition figure of 920,696 shares marked as disposed. The sales were executed in multiple trades and the reporting person holds shares indirectly through two trusts where he serves as trustee.
Ernest C. Garcia III, CEO, director and 10% owner of Carvana Co. (CVNA), reported multiple open-market sales of Class A common stock on 10/06/2025. The filings show a total of 920,696 shares sold in separate blocks at volume-weighted average prices in the mid-$360s to mid-$370s per share. The reporting person states the sales were executed under a Rule 10b5-1 trading plan adopted on 12/13/2024, and the Form 4 was signed by power of attorney on 10/08/2025. Shares are held indirectly through two trusts for which he is investment trustee; each sale line shows the remaining beneficial ownership in those trusts.
Ernest C. Garcia III, listed as CEO, Director and a >10% owner of Carvana Co. (CVNA), reported multiple sales of Class A common stock effected under a Rule 10b5-1 trading plan. The transactions on 10/03/2025 show aggregate reported disposals of 920,696 shares across several blocks at volume‑weighted prices in the roughly $387.33 to $393.22 range. The shares sold were held indirectly by two trusts for which he serves as Investment Trustee and Co‑Administrative Trustee. The filing was signed by a power of attorney on 10/06/2025. The filer states availability to provide trade‑by‑trade details to regulators or the issuer.
Insider sales by Carvana executive Ernest C. Garcia III were reported on a Form 4 showing the disposition of 920,696 shares of Class A common stock on 10/03/2025. The filings state the sales were executed under a Rule 10b5-1 trading plan adopted on 12/13/2024 and that the reported prices reflect the volume-weighted average sale price.
The transactions were broken into multiple trades with execution prices ranging from $373.98 to $387.19 across several tranches; specific VWAP figures and narrower ranges are listed per tranche (example VWAP shown $374.64). The Form 4 is signed by power of attorney on 10/06/2025. The report lists the Reporting Person as a director, 10% owner and Chief Executive Officer and shows shares held indirectly via two trusts for which he is trustee.
Ernest C. Garcia III, CEO and director of Carvana Co. (CVNA), reported multiple planned sales of Class A common stock under a Rule 10b5-1 trading plan adopted 12/13/2024. The Form 4 lists a series of dispositions executed on 10/02/2025 across many trades, reducing holdings reported for trusts tied to Mr. Garcia by a total of 920,696 shares sold at volume-weighted average prices in the roughly $388–$397 range. The seller is listed as the reporting person acting through two trusts where he serves as trustee; all sales are shown as indirect holdings and were carried out per the disclosed 10b5-1 plan. The filing is signed by a POA on behalf of Mr. Garcia on 10/06/2025.
Daniel J. Gill, Chief Product Officer of Carvana Co. (CVNA), reported a sale of 1,340 shares of Class A common stock on 10/01/2025 at a reported price of $395.41 per share. After the transaction, Mr. Gill beneficially owns 193,783 shares. The filing states the 1,340 shares were withheld to satisfy taxes upon vesting of restricted stock units.
The Form 4 was signed by Paul Breaux by power of attorney on 10/02/2025. This disclosure is a Section 16 filing reporting insider disposition and the resulting beneficial ownership balance.
Thomas Taira, identified as President, Special Projects at Carvana Co. (CVNA), reported a change in beneficial ownership. On 10/01/2025 the filing shows 675 shares of Class A Common Stock were disposed of at a price of $395.41 per share, leaving 118,134 shares beneficially owned following the transaction. The form's explanatory note states these 675 shares represent shares withheld for taxes upon the vesting of restricted stock units.
Ernest C. Garcia III, CEO and director of Carvana Co. (CVNA), reported multiple dispositions of Class A common stock on 10/01/2025. The filing shows 1,230 shares withheld to satisfy taxes upon RSU vesting and a series of sales executed under a Rule 10b5-1 trading plan adopted on 12/13/2024. Sale prices reflect volume‑weighted average prices between approximately $379.09 and $390.98 across multiple trades. Some shares are held directly and some indirectly through two trusts for which Mr. Garcia is trustee. The Form 4 was signed by power of attorney on 10/02/2025.
Ernest C. Garcia III, who serves as Chief Executive Officer, Director and a reported 10% owner of Carvana Co. (CVNA), sold a total of 921,926 shares of Class A common stock on 09/30/2025. The sales were effected under a Rule 10b5-1 trading plan adopted on December 13, 2024. Reported transactions show multiple disposals executed at volume-weighted average prices in the range of approximately $386.66 to $392.43, with specific reported VWAPs around $387.06, $387.98, $388.98, $389.28, $390.43, $390.44, $390.54, $392.18 and $392.43. Many shares were held indirectly through two trusts: the Ernest Irrevocable 2004 Trust III and the Ernest C. Garcia III Multi-Generational Trust III, for which the reporting person is Investment Trustee and Co-Administrative Trustee. The Form 4 was signed by a power of attorney on behalf of the reporting person on 10/01/2025.
Carvana insider sales by CEO Ernest C. Garcia III — This Form 4 reports multiple sales of Class A common stock by Ernest C. Garcia III on 09/30/2025, executed under a Rule 10b5-1 trading plan adopted on December 13, 2024. The filing lists aggregated disposals across many trades totaling 921,926 shares sold at volume-weighted average prices in the $374.60–$386.49 range, with individual trade price ranges provided for each lot. Shares are held indirectly through two trusts: the Ernest Irrevocable 2004 Trust III and the Ernest C. Garcia III Multi-Generational Trust III, where the reporting person serves as trustee. The Form is signed by Paul Breaux by power of attorney on 10/01/2025.
Ernest C. Garcia III, CEO and director of Carvana Co. (CVNA), reported multiple open-market sales of Class A common stock executed on 09/26/2025 under a Rule 10b5-1 trading plan adopted on 12/13/2024. The disclosure lists a sequence of sales at volume-weighted average prices between $361.22 and $367.20 (with underlying trade price ranges provided) and shows aggregate disposals totaling 921,926 shares.
The Form 4 identifies that the shares are held indirectly through the Ernest Irrevocable 2004 Trust III and the Ernest C. Garcia III Multi-Generational Trust III, with post-transaction beneficial ownership amounts reported for each trust (for example, balances in the low-to-mid 390,000s and 490,000s shown across transactions). The filing was signed via power of attorney on 09/29/2025.
Carvana Co. reports that trusts associated with CEO and 10% owner Ernest C. Garcia III sold 7,400 shares of Class A Common Stock on September 25, 2025, in open-market or private transactions at volume-weighted average prices including $368.65 and $377.84 per share under a Rule 10b5-1 trading plan adopted December 13, 2024.
After these sales, Garcia-related trusts hold 396,440 and 496,440 shares of Class A stock in the Ernest Irrevocable 2004 Trust III and the Ernest C. Garcia III Multi-Generational Trust III, respectively, and Garcia directly holds 921,926 shares.
Ernest C. Garcia III, CEO and director of Carvana Co. (CVNA), sold a total of 921,926 Class A shares on 09/25/2025 under a pre-established Rule 10b5-1 trading plan adopted December 13, 2024. The reported sales were executed in multiple trades at volume-weighted average prices between approximately $355.83 and $367.73, with specific VWAPs reported for grouped trades (example: $356.32, $357.65, $358.62, up to $367.54).
The shares sold are held indirectly through two trusts for which Mr. Garcia serves as Investment Trustee and Co-Administrative Trustee: the Ernest Irrevocable 2004 Trust III and the Ernest C. Garcia III Multi-Generational Trust III. The Form 4 was signed by Paul Breaux by power of attorney on 09/29/2025.
Ernest C. Garcia III, filing for CARVANA CO. (CVNA), reported sales of 921,926 shares of Class A common stock on 09/24/2025. The sales were effected under a Rule 10b5-1 trading plan adopted December 13, 2024 and were executed from shares held indirectly in two trusts for which he serves as Investment Trustee and Co-Administrative Trustee: the Ernest Irrevocable 2004 Trust III and the Ernest C. Garcia III Multi-Generational Trust III. Multiple tranches show volume-weighted average prices and individual trade price ranges; reported VWAPs include prices such as $369.30, $370.31, $371.66, $372.42, $373.61, $374.55, $375.57, $377.04, and $378.39, with detailed per-trade ranges provided in the filing. The Form 4 was signed by Paul Breaux by power of attorney on behalf of Mr. Garcia.
Ernest C. Garcia III, who serves as Carvana's CEO, director and a 10% owner, reported multiple sales of Class A common stock executed on 09/23/2025 under a Rule 10b5-1 trading plan adopted December 13, 2024. The transactions disposed of a total of 921,926 Class A shares in multiple trades with volume-weighted average sale prices reported at approximately $392.46 and $393.11, and individual trade price ranges noted between $391.80 and $393.68. The filings show the sold shares were held indirectly through the Ernest Irrevocable 2004 Trust III and the Ernest C. Garcia III Multi-Generational Trust III, where Garcia is named Investment Trustee and Co-Administrative Trustee. The Form 4 was signed by Paul Breaux by power of attorney on 09/25/2025.