Carvana SEC Filings

Ernest C. Garcia III, Carvana Co. (CVNA) director and CEO, reported multiple planned sales of Class A common stock under a Rule 10b5-1 trading plan adopted December 13, 2024. The Form 4 discloses a series of dispositions executed on 09/04/2025 totaling 921,926 shares sold across numerous trades at volume-weighted average prices ranging approximately from $358.46 to $371.90. The shares are held indirectly through two trusts for which Mr. Garcia serves as Investment Trustee and Co-Administrative Trustee.

Ernest C. Garcia III reported multiple open-market sales of Class A common stock of Carvana Co. (CVNA) executed on 09/03/2025 under a Rule 10b5-1 trading plan adopted December 13, 2024. The Form 4 shows a total of 921,926 Class A shares disposed across numerous trades at volume-weighted average prices reported per trade (examples: $360.38, $361.24, $366.02, $370.28, $371.13). The sales were effected by the reporting person in capacities as Investment Trustee and Co-Administrative Trustee for two trusts identified in the filing. The Form 4 was signed by power of attorney on 09/04/2025.

Mark W. Jenkins, Chief Financial Officer of Carvana Co. (CVNA), reported multiple option exercises and open-market sales under a Rule 10b5-1 plan. The filing shows 1,219 shares were withheld to cover taxes upon vesting on 09/01/2025. On 09/02/2025 the Reporting Person exercised 12,750 stock options (10,000 at $10.07, 2,000 at $42.03 and 750 at $51.97) and sold 12,750 Class A shares in a series of transactions with volume-weighted average sale prices reported in the $356–$366 range across multiple tranches.

After these transactions, the Reporting Person beneficially owned 208,581 Class A shares directly. The filing notes the 10b5-1 plan was adopted on August 5, 2024, and provides trade-price ranges for each sale tranche; tax-withheld shares resulted from restricted stock unit vesting.

Benjamin E. Huston, Chief Operating Officer of Carvana Co. (CVNA), reported a tax withholding and a series of preplanned sales under a Rule 10b5-1 plan. On 09/01/2025 1,219 shares were withheld to satisfy taxes upon RSU vesting. On 09/02/2025 the reporting person sold 10,000 shares in multiple trades executed under a 10b5-1 plan adopted December 13, 2024, at volume-weighted average prices reported between $356.84 and $369.18 across the transactions. Following these transactions, the filing shows 104,416 shares of Class A common stock beneficially owned by the reporting person.

Paul W. Breaux, an officer of Carvana Co. (CVNA), reported a non-derivative transaction on 09/01/2025 in which 774 shares of Class A common stock were disposed of at a price of $371.92 per share. After the transaction, Mr. Breaux beneficially owned 98,018 shares of Class A common stock. The filing explains the 774-share disposition as shares withheld to satisfy taxes upon the vesting of restricted stock units. The Form 4 is individually filed and is signed by Mr. Breaux on 09/03/2025.

Ernest C. Garcia III, who is identified as Chief Executive Officer, Director and a 10% owner of Carvana Co. (CVNA), reported routine insider transactions. On 09/01/2025 1,229 shares of Class A common stock were withheld for taxes upon vesting of restricted stock units at a price of $371.92, leaving 921,926 shares held directly after that transaction. On 09/02/2025 the reporting person executed multiple sales of Class A common stock under a Rule 10b5-1 trading plan adopted December 13, 2024; those sales were executed in multiple trades with volume-weighted average prices disclosed in ranges from $356.72 to $368.67 per share across the reported lots. The Form 4 is signed by power of attorney on behalf of Mr. Garcia.

Ryan S. Keeton, Chief Brand Officer of Carvana Co. (CVNA), reported a Section 16 transaction dated 09/01/2025 showing the disposition of 498 shares of Class A common stock at a price of $371.92 per share. The filing states these shares were withheld to satisfy tax withholding upon the vesting of restricted stock units. After the tax-withholding disposition, Keeton beneficially owned 135,134 shares of Class A common stock. The Form 4 was signed by a power of attorney on 09/03/2025. The transaction appears routine and related to tax settlement of equity awards rather than an open-market sale.

Carvana Co. (CVNA) insider transaction summary: Officer Thomas Taira reported a transaction dated 09/01/2025 in which 675 shares of Class A Common Stock were disposed of under transaction code F at a price of $371.92 per share. The filing states these 675 shares were withheld to satisfy taxes upon vesting of restricted stock units. After the withholding, Mr. Taira beneficially owns 118,809 shares of Class A Common Stock in a direct capacity. The Form 4 was signed on behalf of the reporting person by power of attorney on 09/03/2025.

Stephen R. Palmer, Vice President of Accounting at Carvana Co. (CVNA), reported two equity transactions in early September 2025. On September 1, 2025, 645 shares of Class A common stock were withheld to satisfy tax obligations upon vesting of restricted stock units, recorded at a price of $371.92 per share. On September 2, 2025, Mr. Palmer sold 1,000 shares under a Rule 10b5-1 trading plan adopted May 28, 2025, at $361.04 per share. Following these transactions he beneficially owned 45,157 shares directly.

All transactions were reported on a Form 4 filed September 3, 2025, and the sale was executed pursuant to an established 10b5-1 plan. The Form 4 was signed by Paul Breaux by power of attorney for Mr. Palmer.