Paul Breaux - Oct 1, 2025 Form 4 Insider Report for CARVANA CO. (CVNA)

Role
Vice President, General Counsel, Secretary, and Chief Compliance Officer
Signature
/s/ Paul Breaux
Stock symbol
CVNA
Transactions as of
Oct 1, 2025
Transactions value $
-$6,130,314
Form type
4
Date filed
10/2/2025, 06:11 PM
Previous filing
Sep 11, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
BREAUX PAUL W. Vice President, General Counsel, Secretary, and Chief Compliance Officer C/O CARVANA CO., 300 E. RIO SALADO PKWY, TEMPE /s/ Paul Breaux 2025-10-02 0001700545

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Tax liability -$306K -774 -0.93% $395.41 82.2K Oct 1, 2025 Direct F1
transaction CVNA Class A Common Stock Options Exercise $146K +14.5K +17.6% $10.07 96.7K Oct 1, 2025 Direct F2
transaction CVNA Class A Common Stock Sale -$5.97M -15K -15.51% $398.00 81.7K Oct 1, 2025 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 -14.5K -8.55% $0.00 155K Oct 1, 2025 Class A Common Stock 14.5K $10.07 Direct F2, F3
* 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 June 10, 2025 (the "10b5-1 Plan").
F3 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 vest monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

Remarks:

Vice President, General Counsel, Secretary, and Chief Compliance Officer