Stephen R. Palmer - Nov 1, 2025 Form 4 Insider Report for CARVANA CO. (CVNA)

Signature
/s/ Paul Breaux, by Power of Attorney for Stephen R. Palmer
Stock symbol
CVNA
Transactions as of
Nov 1, 2025
Transactions value $
-$502,718
Form type
4
Date filed
11/4/2025, 05:56 PM
Previous filing
Oct 2, 2025
Next filing
Dec 2, 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Palmer Stephen R Vice President of Accounting C/O CARVANA CO., 300 E. RIO SALADO PKWY, TEMPE /s/ Paul Breaux, by Power of Attorney for Stephen R. Palmer 2025-11-04 0001783558

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Tax liability -$198K -645 -1.48% $306.54 42.9K Nov 1, 2025 Direct F1
transaction CVNA Class A Common Stock Sale -$305K -1K -2.33% $305.00 41.9K Nov 3, 2025 Direct 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 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 sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 28, 2025 (the "10b5-1 Plan").