Benjamin E. Huston - 30 May 2025 Form 4 Insider Report for CARVANA CO. (CVNA)

Reporting relationship: Chief Operating Officer
Issuer ticker: CVNA
Reported as of: 30 May 2025
Net transaction value: -$11,345,195
SEC form: 4
Accepted by SEC: 03 Jun 2025, 18:21:38 UTC
Prior SEC filing: 16 May 2025
Next SEC filing: 09 Jun 2025
Source filing: View source filing
Reporting owner signature: /s/ Paul Breaux, by Power of Attorney for Benjamin E. Huston

Key filing fact

Benjamin E. Huston filed Form 4 for CARVANA CO. (CVNA) on 03 Jun 2025.

Key facts

This page summarizes Benjamin E. Huston's Form 4 filing for CARVANA CO. (CVNA).
18 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 03 Jun 2025, 18:21.

Change

Previous filing in this sequence was filed on 16 May 2025.
Current net transaction value: -$11,345,195.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001700537 Primary reporting owner

HUSTON BENJAMIN E.

Relationship: Chief Operating Officer
Address: C/O CARVANA CO., 300 E. RIO SALADO PARKWAY, TEMPE
Signature: /s/ Paul Breaux, by Power of Attorney for Benjamin E. Huston
Signature date: 03 Jun 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CVNA transaction

Class A Common Stock

Options Exercise

Transaction value: $1,016,614
Shares: +26,753
Change %: +18%
Price: $38.00
Shares after: 176,047
Date: 30 May 2025
Ownership: Direct
Footnotes: F1

CVNA transaction

Class A Common Stock

Sale

Transaction value: $8,698,203
Shares: -26,753
Change %: -15%
Price: $325.13
Shares after: 149,294
Date: 30 May 2025
Ownership: Direct
Footnotes: F1, F2

CVNA transaction

Class A Common Stock

Tax liability

Transaction value: $399,135
Shares: -1,220
Change %: -0.82%
Price: $327.16
Shares after: 148,074
Date: 01 Jun 2025
Ownership: Direct
Footnotes: F3

CVNA transaction

Class A Common Stock

Sale

Transaction value: $63,486
Shares: -200
Change %: -0.14%
Price: $317.43
Shares after: 147,874
Date: 02 Jun 2025
Ownership: Direct
Footnotes: F1, F4

CVNA transaction

Class A Common Stock

Sale

Transaction value: $123,795
Shares: -388
Change %: -0.26%
Price: $319.06
Shares after: 147,486
Date: 02 Jun 2025
Ownership: Direct
Footnotes: F1, F5

CVNA transaction

Class A Common Stock

Sale

Transaction value: $159,975
Shares: -500
Change %: -0.34%
Price: $319.95
Shares after: 146,986
Date: 02 Jun 2025
Ownership: Direct
Footnotes: F1, F6

CVNA transaction

Class A Common Stock

Sale

Transaction value: $224,833
Shares: -700
Change %: -0.48%
Price: $321.19
Shares after: 146,286
Date: 02 Jun 2025
Ownership: Direct
Footnotes: F1, F7

CVNA transaction

Class A Common Stock

Sale

Transaction value: $161,165
Shares: -500
Change %: -0.34%
Price: $322.33
Shares after: 145,786
Date: 02 Jun 2025
Ownership: Direct
Footnotes: F1, F8

CVNA transaction

Class A Common Stock

Sale

Transaction value: $96,978
Shares: -300
Change %: -0.21%
Price: $323.26
Shares after: 145,486
Date: 02 Jun 2025
Ownership: Direct
Footnotes: F1, F9

CVNA transaction

Class A Common Stock

Sale

Transaction value: $162,360
Shares: -500
Change %: -0.34%
Price: $324.72
Shares after: 144,986
Date: 02 Jun 2025
Ownership: Direct
Footnotes: F1, F10

CVNA transaction

Class A Common Stock

Sale

Transaction value: $371,458
Shares: -1,140
Change %: -0.79%
Price: $325.84
Shares after: 143,846
Date: 02 Jun 2025
Ownership: Direct
Footnotes: F1, F11

CVNA transaction

Class A Common Stock

Sale

Transaction value: $389,164
Shares: -1,192
Change %: -0.83%
Price: $326.48
Shares after: 142,654
Date: 02 Jun 2025
Ownership: Direct
Footnotes: F1, F12

CVNA transaction

Class A Common Stock

Sale

Transaction value: $279,528
Shares: -853
Change %: -0.6%
Price: $327.70
Shares after: 141,801
Date: 02 Jun 2025
Ownership: Direct
Footnotes: F1, F13

CVNA transaction

Class A Common Stock

Sale

Transaction value: $114,114
Shares: -347
Change %: -0.24%
Price: $328.86
Shares after: 141,454
Date: 02 Jun 2025
Ownership: Direct
Footnotes: F1, F14

CVNA transaction

Class A Common Stock

Sale

Transaction value: $428,818
Shares: -1,300
Change %: -0.92%
Price: $329.86
Shares after: 140,154
Date: 02 Jun 2025
Ownership: Direct
Footnotes: F1, F15

CVNA transaction

Class A Common Stock

Sale

Transaction value: $489,776
Shares: -1,480
Change %: -1.1%
Price: $330.93
Shares after: 138,674
Date: 02 Jun 2025
Ownership: Direct
Footnotes: F1, F16

CVNA transaction

Class A Common Stock

Sale

Transaction value: $199,020
Shares: -600
Change %: -0.43%
Price: $331.70
Shares after: 138,074
Date: 02 Jun 2025
Ownership: Direct
Footnotes: F1, F17

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CVNA transaction Derivative

Stock Options (Right to Buy)

Options Exercise

Transaction value: $0
Shares: -26,753
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 30 May 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 26,753
Exercise price: $38.00
Footnotes: F1, F18

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 18 footnotes

Footnote 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").

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.