Thomas Taira - Nov 28, 2025 Form 4 Insider Report for CARVANA CO. (CVNA)

Signature
/s/ Paul Breaux, by Power of Attorney for Thomas Taira
Stock symbol
CVNA
Transactions as of
Nov 28, 2025
Transactions value $
-$4,003,401
Form type
4
Date filed
12/2/2025, 06:51 PM
Previous filing
Nov 12, 2025
Next filing
Dec 4, 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Taira Thomas President, Special Projects 300 E. RIO SALADO PKWY, TEMPE /s/ Paul Breaux, by Power of Attorney for Thomas Taira 2025-12-02 0001607889

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Sale -$3.75M -10K -8.58% $375.01 107K Nov 28, 2025 Direct F1, F2, F3
transaction CVNA Class A Common Stock Tax liability -$253K -675 -0.63% $375.26 106K Dec 1, 2025 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 The reported sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 8, 2025.
F2 The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
F3 This transaction was executed in multiple trades at prices ranging from $375.00 to $375.19, inclusive.
F4 Represents total number of shares of Class A Common Stock of the Issuer withheld for taxes upon vesting of restricted stock units pursuant to various awards.