Thomas Taira - May 8, 2025 Form 4 Insider Report for CARVANA CO. (CVNA)

Role
President, Special Projects
Signature
/s/ Paul Breaux, by Power of Attorney for Thomas Taira
Stock symbol
CVNA
Transactions as of
May 8, 2025
Transactions value $
-$9,523,600
Form type
4
Date filed
5/12/2025, 05:46 PM
Previous filing
May 5, 2025
Next filing
May 16, 2025
SEC
View on sec.gov

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 2025-05-12 0001607889

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Options Exercise $201K +20K +11.66% $10.07 192K May 8, 2025 Direct F1
transaction CVNA Class A Common Stock Sale -$6.88M -25K -13.05% $275.00 167K May 8, 2025 Direct F1
transaction CVNA Class A Common Stock Sale -$1.4M -5K -3% $280.00 162K May 8, 2025 Direct F1
transaction CVNA Class A Common Stock Sale -$1.45M -5K -3.1% $290.00 157K May 8, 2025 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CVNA Stock Options (Right to Buy) Options Exercise $0 -20K -9.94% $0.00 181K May 8, 2025 Class A Common Stock 20K $10.07 Direct F1, F2
* 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 option exercises and sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 3, 2024.
F2 The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vested 25% on April 1, 2024 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.