BENJAMIN E. HUSTON - 31 Jul 2025 Form 4 Insider Report for CARVANA CO. (CVNA)

Signature
/s/ Paul Breaux, by Power of Attorney for Benjamin E. Huston
Issuer symbol
CVNA
Transactions as of
31 Jul 2025
Net transactions value
-$19,669,204
Form type
4
Filing time
04 Aug 2025, 17:19:51 UTC
Previous filing
03 Jul 2025
Next filing
03 Sep 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
HUSTON BENJAMIN E. Chief Operating Officer C/O CARVANA CO., 300 E. RIO SALADO PARKWAY, TEMPE /s/ Paul Breaux, by Power of Attorney for Benjamin E. Huston 04 Aug 2025 0001700537

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Options Exercise $402,800 +40,000 +32% $10.07 166,855 31 Jul 2025 Direct F1
transaction CVNA Class A Common Stock Sale $5,125,447 -13,018 -7.8% $393.72 153,837 31 Jul 2025 Direct F1
transaction CVNA Class A Common Stock Sale $199,600 -500 -0.33% $399.20 153,337 31 Jul 2025 Direct F1, F2
transaction CVNA Class A Common Stock Sale $10,592,800 -26,482 -17% $400.00 126,855 31 Jul 2025 Direct F1
transaction CVNA Class A Common Stock Sale $256,067 -700 -0.55% $365.81 126,155 01 Aug 2025 Direct F1, F3
transaction CVNA Class A Common Stock Sale $520,110 -1,417 -1.1% $367.05 124,738 01 Aug 2025 Direct F1, F4
transaction CVNA Class A Common Stock Sale $430,040 -1,169 -0.94% $367.87 123,569 01 Aug 2025 Direct F1, F5
transaction CVNA Class A Common Stock Sale $413,157 -1,120 -0.91% $368.89 122,449 01 Aug 2025 Direct F1, F6
transaction CVNA Class A Common Stock Sale $554,865 -1,500 -1.2% $369.91 120,949 01 Aug 2025 Direct F1, F7
transaction CVNA Class A Common Stock Sale $259,686 -700 -0.58% $370.98 120,249 01 Aug 2025 Direct F1, F8
transaction CVNA Class A Common Stock Sale $194,015 -521 -0.43% $372.39 119,728 01 Aug 2025 Direct F1, F9
transaction CVNA Class A Common Stock Sale $400,540 -1,073 -0.9% $373.29 118,655 01 Aug 2025 Direct F1, F10
transaction CVNA Class A Common Stock Sale $262,059 -700 -0.59% $374.37 117,955 01 Aug 2025 Direct F1, F11
transaction CVNA Class A Common Stock Sale $187,835 -500 -0.42% $375.67 117,455 01 Aug 2025 Direct F1, F12
transaction CVNA Class A Common Stock Sale $113,271 -300 -0.26% $377.57 117,155 01 Aug 2025 Direct F1, F13
transaction CVNA Class A Common Stock Sale $75,732 -200 -0.17% $378.66 116,955 01 Aug 2025 Direct F1, F14
transaction CVNA Class A Common Stock Sale $38,088 -100 -0.09% $380.88 116,855 01 Aug 2025 Direct F1
transaction CVNA Class A Common Stock Tax liability $448,692 -1,220 -1% $367.78 115,635 01 Aug 2025 Direct F15

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 -40,000 -8.4% $0.000000 438,513 31 Jul 2025 Class A Common Stock 40,000 $10.07 Direct F1, F16
* 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 $398.88 to $399.44, 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 $365.40 to $366.26, 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 $366.44 to $367.35, 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 This transaction was executed in multiple trades at prices ranging from $367.44 to $368.24, 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.
F6 This transaction was executed in multiple trades at prices ranging from $368.44 to $369.34, 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.
F7 This transaction was executed in multiple trades at prices ranging from $369.58 to $370.26, 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.
F8 This transaction was executed in multiple trades at prices ranging from $370.66 to $371.59, 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.
F9 This transaction was executed in multiple trades at prices ranging from $371.68 to $372.65, 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.
F10 This transaction was executed in multiple trades at prices ranging from $372.94 to $373.84, 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.
F11 This transaction was executed in multiple trades at prices ranging from $374.10 to $374.79, 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.
F12 This transaction was executed in multiple trades at prices ranging from $375.33 to $376.24, 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.
F13 This transaction was executed in multiple trades at prices ranging from $377.08 to $377.97, 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.
F14 This transaction was executed in multiple trades at prices ranging from $378.51 to $378.80, 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.
F15 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.
F16 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.