Daniel J. Gill - Jul 31, 2025 Form 4 Insider Report for CARVANA CO. (CVNA)

Role
Chief Product Officer
Signature
/s/ Paul Breaux, by Power of Attorney for Daniel J. Gill
Stock symbol
CVNA
Transactions as of
Jul 31, 2025
Transactions value $
-$23,587,537
Form type
4
Date filed
8/4/2025, 05:18 PM
Previous filing
Jul 8, 2025
Next filing
Sep 3, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
GILL DANIEL J. Chief Product Officer C/O CARVANA CO., 300 E. RIO SALADO PARKWAY, TEMPE /s/ Paul Breaux, by Power of Attorney for Daniel J. Gill 2025-08-04 0001700538

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Options Exercise $152K +15.1K +7.61% $10.07 213K Jul 31, 2025 Direct F1
transaction CVNA Class A Common Stock Options Exercise $2.21M +24.9K +11.72% $88.62 238K Jul 31, 2025 Direct F1
transaction CVNA Class A Common Stock Options Exercise $4M +31.7K +13.32% $126.40 270K Jul 31, 2025 Direct F1
transaction CVNA Class A Common Stock Options Exercise $2.46M +8.32K +3.09% $296.05 278K Jul 31, 2025 Direct F1
transaction CVNA Class A Common Stock Sale -$4.95M -12.6K -4.52% $393.72 265K Jul 31, 2025 Direct F1
transaction CVNA Class A Common Stock Sale -$358K -900 -0.34% $398.25 264K Jul 31, 2025 Direct F1, F2
transaction CVNA Class A Common Stock Sale -$3.78M -9.45K -3.58% $399.31 255K Jul 31, 2025 Direct F1, F3
transaction CVNA Class A Common Stock Sale -$22.8M -57.1K -22.39% $400.00 198K Jul 31, 2025 Direct F1, F4
transaction CVNA Class A Common Stock Tax liability -$504K -1.37K -0.69% $367.78 196K Aug 1, 2025 Direct F5

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 -15.1K -6% $0.00 236K Jul 31, 2025 Class A Common Stock 15.1K $10.07 Direct F1, F6
transaction CVNA Stock Options (Right to Buy) Options Exercise $0 -24.9K -100% $0.00 0 Jul 31, 2025 Class A Common Stock 24.9K $88.62 Direct F1, F7
transaction CVNA Stock Options (Right to Buy) Options Exercise $0 -31.7K -72.92% $0.00 11.8K Jul 31, 2025 Class A Common Stock 31.7K $126.40 Direct F1, F8
transaction CVNA Stock Options (Right to Buy) Options Exercise $0 -8.32K -52.33% $0.00 7.58K Jul 31, 2025 Class A Common Stock 8.32K $296.05 Direct F1, F9
* 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 sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024 (the "10b5-1 Plan").
F2 This transaction was executed in multiple trades at prices ranging from $397.68 to $398.64, inclusive. 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 $398.88 to $399.52, inclusive. 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.
F4 This transaction was executed in multiple trades at prices ranging from $399.99 to $400.00, inclusive. 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.
F5 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.
F6 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.
F7 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, 2021 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.
F8 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, 2023 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.
F9 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, 2022 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.