Carvana SEC Filings

On July 1, 2025, Carvana Co. (CVNA) Chief Product Officer Daniel J. Gill filed a Form 4 reporting an insider transaction coded “F,” which denotes the withholding of shares to satisfy tax obligations at the time of restricted-stock-unit (RSU) vesting.

• Shares withheld: 1,924 Class A common shares
• Price per share: $338.26
• Implied tax value: ≈ $0.65 million (1,924 × $338.26)
• Post-transaction ownership: 197,832 shares held directly

The filing reflects an administrative, non-open-market transaction rather than an elective sale. Gill remains a significant insider with holdings worth roughly $67 million at the reference price, indicating continued alignment with shareholders.

On 30 June 2025, MongoDB, Inc. (Nasdaq: MDB) convened its Annual Meeting of Stockholders and disclosed the voting results in an 8-K filing (Item 5.07).

• Board elections: Class II directors Francisco D’Souza (92.8% support), Charles M. Hazard, Jr. (62.8%), and Tom Killalea (89.2%) were elected to serve until the 2028 meeting.
• Say-on-pay: Executive compensation was approved on an advisory basis with 82.1% of votes cast in favor (47.5 M for vs. 10.1 M against).
• Say-on-pay frequency: Shareholders favored an annual advisory vote with 98.4% (56.7 M) supporting a one-year cadence.
• Auditor ratification: PricewaterhouseCoopers LLP was re-appointed as independent auditor for FY 2026 with 97.3% support.
• Charter amendment: An amendment limiting certain officer liabilities under Delaware law passed with 86.6% approval.

No other material business or financial results were reported. All proposals garnered substantial majority support, indicating broad shareholder alignment with current governance, compensation, and audit practices.

Carvana Co. (CVNA) – Form 4 insider activity

Chief Operating Officer Benjamin E. Huston reported share disposals dated 01 Jul 2025. The filing shows two categories of transactions: (1) 1,219 shares were withheld for taxes upon RSU vesting (transaction code F) at a reference price of $338.26, and (2) nine open-market sales totalling 10,000 shares executed under a Rule 10b5-1 trading plan adopted 13 Dec 2024. Sale prices ranged from $333.64 to $342.01, resulting in roughly $3.38 million in gross proceeds.

After the sequence of transactions, Huston’s direct beneficial ownership fell from 136,855 to 126,855 Class A shares, a decline of about 7.3 percent. No new derivative positions were disclosed and no options were exercised.

• Transaction date: 01 Jul 2025
• Total shares disposed (including tax withholding): 11,219
• Average sale price (weighted): ≈ $338.17
• Proceeds: ≈ $3.38 million
• Remaining direct ownership: 126,855 shares

The use of a pre-arranged 10b5-1 plan moderates signalling risk, yet the scale of the sale may still be perceived by investors as a modestly negative indicator of near-term confidence, particularly given the absence of offsetting insider purchases.

Carvana Co. (CVNA) – Form 4 insider activity

Chief Operating Officer Benjamin E. Huston reported share disposals dated 01 Jul 2025. The filing shows two categories of transactions: (1) 1,219 shares were withheld for taxes upon RSU vesting (transaction code F) at a reference price of $338.26, and (2) nine open-market sales totalling 10,000 shares executed under a Rule 10b5-1 trading plan adopted 13 Dec 2024. Sale prices ranged from $333.64 to $342.01, resulting in roughly $3.38 million in gross proceeds.

After the sequence of transactions, Huston’s direct beneficial ownership fell from 136,855 to 126,855 Class A shares, a decline of about 7.3 percent. No new derivative positions were disclosed and no options were exercised.

• Transaction date: 01 Jul 2025
• Total shares disposed (including tax withholding): 11,219
• Average sale price (weighted): ≈ $338.17
• Proceeds: ≈ $3.38 million
• Remaining direct ownership: 126,855 shares

The use of a pre-arranged 10b5-1 plan moderates signalling risk, yet the scale of the sale may still be perceived by investors as a modestly negative indicator of near-term confidence, particularly given the absence of offsetting insider purchases.

Equity Residential (EQR) – Form 4 insider filing

Director Tahsinul Zia Huque received 3,393 Series 2025D restricted units (RUs) of ERP Operating Limited Partnership on 1 July 2025 as part of the REIT’s annual long-term compensation program. Each RU automatically converts, subject to tax-capital targets, into one OP Unit that is exchangeable for one Equity Residential common share (or cash) at the company’s option.

• Vesting: 1 July 2026
• Post-vesting holding restriction: until 1 July 2027
• Expiration: 1 July 2035 (if conversion target not met)
• Ownership form: Direct

No shares were sold; the grant was recorded at $0 cost, indicating a routine equity-based award rather than an open-market purchase. The transaction modestly increases insider equity alignment but is immaterial to EQR’s capital structure.

JPMorgan Chase Financial Company LLC is offering Structured Investments Review Notes linked to the MerQube US Tech+ Vol Advantage Index (MQUSTVA), fully and unconditionally guaranteed by JPMorgan Chase & Co. The preliminary terms reveal a five-year note (pricing expected 8 Jul 2025; maturity 11 Jul 2030) that can be automatically called on 48 monthly review dates starting 8 Jul 2026 if the Index closes at or above its initial level (the “Call Value”). When called, investors receive their $1,000 principal plus a Call Premium Amount that starts at ≥17.0% ($170) and escalates to ≥85.0% ($850) by the final review date.

If the notes are not called, principal is protected only within a 15% buffer. At maturity, holders incur 1-for-1 downside exposure beyond that threshold, risking up to 85% capital loss. The structure pays no periodic coupons or dividends and offers no upside beyond the fixed Call Premium schedule.

Key structural features

• Underlying index drag: the Index deducts 6.0% p.a. daily and applies a notional SOFR+0.50% financing cost to its exposure to the Invesco QQQ Trust (QQQ). These deductions will cause the Index to significantly trail an unadjusted Nasdaq-100 exposure, increasing the chance that the notes finish below the buffer.
• Leverage & volatility targeting: weekly rebalancing sets QQQ exposure at 35%/implied vol., capped at 500%, meaning the Index is often leveraged in calm markets and can be under-invested when volatility spikes.
• Credit risk: payments depend on JPMorgan Financial (issuer) and JPMorgan Chase & Co. (guarantor). Estimated value if priced today is $907.20 per $1,000, at least $900 at pricing, indicating 9–10% issuance costs.
• Liquidity: the notes will not be exchange-listed; secondary market is limited to JPMS bid, likely at a discount.
• Denominations: $1,000 minimum; CUSIP 48136FKB7.

Risk highlights disclosed

• Potential for 85% principal loss.
• Index performance drag from 6.0% deduction and financing cost.
• No interest or dividend payments; limited upside to scheduled premiums.
• Automatic call may force reinvestment risk after as little as one year.
• Conflicts of interest: JPM affiliates co-developed the Index and hold a 10% stake in MerQube.

The product targets investors willing to exchange significant downside risk and complexity for the possibility of double-digit call premiums, contingent on the leveraged, fee-laden Index outperforming its initial level on monthly observation dates.

Hamilton Beach Brands Holding Company (HBB) Form 4 filing shows Director Paul D. Furlow acquired 1,610 Class A common shares on 07/01/2025. The transaction is coded “A” and reflects “Required Shares” granted under the Non-Employee Directors’ Equity Compensation Plan. After the award, Furlow’s direct beneficial ownership stands at 67,125 shares. No shares were sold, and no derivative securities were reported. The filing represents routine board compensation and does not materially affect the company’s capital structure.

Gran Tierra Energy Inc. (GTE) filed a Form 4 disclosing that Jim Evans, the company’s Vice President, Corporate Services, purchased 286 shares of common stock on 07/02/2025 through the company’s Employee Stock Purchase Plan (ESPP). The transaction is coded “A” and is exempt under Rules 16b-3(c) and 16b-3(d). The shares were acquired at an effective price of $4.82 per share (Canadian dollars converted to U.S. dollars). Following this purchase, Evans directly owns 46,602 shares and indirectly owns 6,100 shares through his spouse. No derivative securities were reported, and there were no sales. Although the addition represents a modest increase relative to his existing position, insider buying—particularly by an executive officer—can signal personal confidence in the issuer’s prospects. However, given the small size of the transaction, the immediate financial impact on overall share supply and valuation is expected to be negligible.

Freeport-McMoRan (FCX) director Hugh Grant has filed a Form 4 reporting the purchase of 778 common shares on 1 Jul 2025 at $43.35 per share. The stock was issued under Grant’s pre-existing election to receive equity rather than cash for a portion of his annual board retainer. After the transaction, the director directly owns 44,416 shares, which include 17,900 restricted stock units. No derivative securities were bought or sold, and there were no dispositions. The gross value of the purchase is approximately $34 thousand, an incremental 1.8 % increase to Grant’s total reported stake. While the dollar amount is modest relative to Freeport-McMoRan’s market capitalization, voluntary insider buying can be interpreted as a confidence signal. The filing does not provide new operating or earnings data and is unlikely to materially affect the company’s financial outlook.