BENJAMIN E. HUSTON - 01 Jan 2026 Form 4 Insider Report for CARVANA CO. (CVNA)

Role
Chief Operating Officer
Signature
/s/ Paul Breaux, by Power of Attorney for Benjamin E. Huston
Issuer symbol
CVNA
Transactions as of
01 Jan 2026
Net transactions value
-$4,292,992
Form type
4
Filing time
05 Jan 2026, 18:17:29 UTC
Previous filing
12 Dec 2025
SEC
View on sec.gov

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 05 Jan 2026 0001700537

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Tax liability $374,332 -887 -0.88% $422.02 99,871 01 Jan 2026 Direct F1
transaction CVNA Class A Common Stock Options Exercise $100,700 +10,000 +10% $10.07 109,871 02 Jan 2026 Direct F2
transaction CVNA Class A Common Stock Sale $141,030 -360 -0.33% $391.75 109,511 02 Jan 2026 Direct F2, F3, F4
transaction CVNA Class A Common Stock Sale $94,255 -240 -0.22% $392.73 109,271 02 Jan 2026 Direct F2, F3, F5
transaction CVNA Class A Common Stock Sale $94,469 -240 -0.22% $393.62 109,031 02 Jan 2026 Direct F2, F3, F6
transaction CVNA Class A Common Stock Sale $173,796 -440 -0.4% $394.99 108,591 02 Jan 2026 Direct F2, F3, F7
transaction CVNA Class A Common Stock Sale $237,636 -600 -0.55% $396.06 107,991 02 Jan 2026 Direct F2, F3, F8
transaction CVNA Class A Common Stock Sale $190,598 -480 -0.44% $397.08 107,511 02 Jan 2026 Direct F2, F3, F9
transaction CVNA Class A Common Stock Sale $228,538 -574 -0.53% $398.15 106,937 02 Jan 2026 Direct F2, F3, F10
transaction CVNA Class A Common Stock Sale $519,268 -1,301 -1.2% $399.13 105,636 02 Jan 2026 Direct F2, F3, F11
transaction CVNA Class A Common Stock Sale $502,588 -1,256 -1.2% $400.15 104,380 02 Jan 2026 Direct F2, F3, F12
transaction CVNA Class A Common Stock Sale $306,532 -764 -0.73% $401.22 103,616 02 Jan 2026 Direct F2, F3, F13
transaction CVNA Class A Common Stock Sale $407,719 -1,014 -0.98% $402.09 102,602 02 Jan 2026 Direct F2, F3, F14
transaction CVNA Class A Common Stock Sale $140,328 -348 -0.34% $403.24 102,254 02 Jan 2026 Direct F2, F3, F15
transaction CVNA Class A Common Stock Sale $96,989 -240 -0.23% $404.12 102,014 02 Jan 2026 Direct F2, F3, F16
transaction CVNA Class A Common Stock Sale $113,445 -280 -0.27% $405.16 101,734 02 Jan 2026 Direct F2, F3, F17
transaction CVNA Class A Common Stock Sale $48,842 -120 -0.12% $407.02 101,614 02 Jan 2026 Direct F2, F3, F18
transaction CVNA Class A Common Stock Sale $82,012 -200 -0.2% $410.06 101,414 02 Jan 2026 Direct F2, F3, F19
transaction CVNA Class A Common Stock Sale $32,937 -80 -0.08% $411.71 101,334 02 Jan 2026 Direct F2, F3, F20
transaction CVNA Class A Common Stock Sale $115,707 -280 -0.28% $413.24 101,054 02 Jan 2026 Direct F2, F3, F21
transaction CVNA Class A Common Stock Sale $115,987 -280 -0.28% $414.24 100,774 02 Jan 2026 Direct F2, F3, F22
transaction CVNA Class A Common Stock Sale $99,631 -240 -0.24% $415.13 100,534 02 Jan 2026 Direct F2, F3, F23
transaction CVNA Class A Common Stock Sale $42,873 -103 -0.1% $416.24 100,431 02 Jan 2026 Direct F2, F3, F24
transaction CVNA Class A Common Stock Sale $150,401 -360 -0.36% $417.78 100,071 02 Jan 2026 Direct F2, F3, F25
transaction CVNA Class A Common Stock Sale $66,995 -160 -0.16% $418.72 99,911 02 Jan 2026 Direct F2, F3, F26
transaction CVNA Class A Common Stock Sale $16,784 -40 -0.04% $419.60 99,871 02 Jan 2026 Direct F2

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 -10,000 -2.9% $0.000000 338,513 02 Jan 2026 Class A Common Stock 10,000 $10.07 Direct F2, F27
* 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 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.
F2 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").
F3 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 $391.21 to $392.19 inclusive.
F5 This transaction was executed in multiple trades at prices ranging from $392.22 to $393.08, inclusive.
F6 This transaction was executed in multiple trades at prices ranging from $393.30 to $394.22 inclusive.
F7 This transaction was executed in multiple trades at prices ranging from $394.48 to $395.47, inclusive.
F8 This transaction was executed in multiple trades at prices ranging from $395.63 to $396.62, inclusive.
F9 This transaction was executed in multiple trades at prices ranging from $396.63 to $397.50 inclusive.
F10 This transaction was executed in multiple trades at prices ranging from $397.64 to $398.63, inclusive.
F11 This transaction was executed in multiple trades at prices ranging from $398.64 to $399.62, inclusive.
F12 This transaction was executed in multiple trades at prices ranging from $399.64 to $400.60, inclusive.
F13 This transaction was executed in multiple trades at prices ranging from $400.69 to $401.67 inclusive.
F14 This transaction was executed in multiple trades at prices ranging from $401.70 to $402.67, inclusive.
F15 This transaction was executed in multiple trades at prices ranging from $402.73 to $403.68, inclusive.
F16 This transaction was executed in multiple trades at prices ranging from $403.73 to $404.63, inclusive.
F17 This transaction was executed in multiple trades at prices ranging from $404.83 to $405.46, inclusive.
F18 This transaction was executed in multiple trades at prices ranging from $406.77 to $407.14, inclusive.
F19 This transaction was executed in multiple trades at prices ranging from $409.46 to $410.37, inclusive.
F20 This transaction was executed in multiple trades at prices ranging from $411.53 to $411.88, inclusive.
F21 This transaction was executed in multiple trades at prices ranging from $412.86 to $413.80, inclusive.
F22 This transaction was executed in multiple trades at prices ranging from $413.89 to $414.66, inclusive.
F23 This transaction was executed in multiple trades at prices ranging from $414.94 to $415.65, inclusive.
F24 This transaction was executed in multiple trades at prices ranging from $416.16 to $416.34, inclusive.
F25 This transaction was executed in multiple trades at prices ranging from $417.18 to $418.17, inclusive.
F26 This transaction was executed in multiple trades at prices ranging from $418.27 to $419.17, inclusive.
F27 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.