BENJAMIN E. HUSTON - 30 May 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
30 May 2025
Transactions value $
-$11,345,195
Form type
4
Filing time
03 Jun 2025, 18:21:38 UTC
Previous filing
16 May 2025
Next filing
09 Jun 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 03 Jun 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 $1.02M +26.8K +17.92% $38.00 176K 30 May 2025 Direct F1
transaction CVNA Class A Common Stock Sale -$8.7M -26.8K -15.2% $325.13 149K 30 May 2025 Direct F1, F2
transaction CVNA Class A Common Stock Tax liability -$399K -1.22K -0.82% $327.16 148K 01 Jun 2025 Direct F3
transaction CVNA Class A Common Stock Sale -$63.5K -200 -0.14% $317.43 148K 02 Jun 2025 Direct F1, F4
transaction CVNA Class A Common Stock Sale -$124K -388 -0.26% $319.06 147K 02 Jun 2025 Direct F1, F5
transaction CVNA Class A Common Stock Sale -$160K -500 -0.34% $319.95 147K 02 Jun 2025 Direct F1, F6
transaction CVNA Class A Common Stock Sale -$225K -700 -0.48% $321.19 146K 02 Jun 2025 Direct F1, F7
transaction CVNA Class A Common Stock Sale -$161K -500 -0.34% $322.33 146K 02 Jun 2025 Direct F1, F8
transaction CVNA Class A Common Stock Sale -$97K -300 -0.21% $323.26 145K 02 Jun 2025 Direct F1, F9
transaction CVNA Class A Common Stock Sale -$162K -500 -0.34% $324.72 145K 02 Jun 2025 Direct F1, F10
transaction CVNA Class A Common Stock Sale -$371K -1.14K -0.79% $325.84 144K 02 Jun 2025 Direct F1, F11
transaction CVNA Class A Common Stock Sale -$389K -1.19K -0.83% $326.48 143K 02 Jun 2025 Direct F1, F12
transaction CVNA Class A Common Stock Sale -$280K -853 -0.6% $327.70 142K 02 Jun 2025 Direct F1, F13
transaction CVNA Class A Common Stock Sale -$114K -347 -0.24% $328.86 141K 02 Jun 2025 Direct F1, F14
transaction CVNA Class A Common Stock Sale -$429K -1.3K -0.92% $329.86 140K 02 Jun 2025 Direct F1, F15
transaction CVNA Class A Common Stock Sale -$490K -1.48K -1.06% $330.93 139K 02 Jun 2025 Direct F1, F16
transaction CVNA Class A Common Stock Sale -$199K -600 -0.43% $331.70 138K 02 Jun 2025 Direct F1, F17

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 -26.8K -100% $0.00 0 30 May 2025 Class A Common Stock 26.8K $38.00 Direct F1, F18
* 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 $325.00 to $325.75, 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 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.
F4 This transaction was executed in multiple trades at prices ranging from $317.02 to $317.83, 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 $318.60 to $319.37, 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 $319.68 to $320.37, 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 $320.78 to $321.43, 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 $321.88 to $322.75, 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 $323.00 to $323.61, 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 $324.13 to $325.02, 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 $325.13 to $326.10, 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 $326.21 to $326.84, 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.
F13 This transaction was executed in multiple trades at prices ranging from $327.26 to $328.15, 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 $328.27 to $329.26, 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.
F15 This transaction was executed in multiple trades at prices ranging from $329.50 to $330.34, 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.
F16 This transaction was executed in multiple trades at prices ranging from $330.55to $331.21, 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.
F17 This transaction was executed in multiple trades at prices ranging from $331.58 to $331.90, 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.
F18 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, 2020 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.