Benjamin E. Huston - 31 Jul 2025 Form 4 Insider Report for CARVANA CO. (CVNA)

Reporting relationship: Chief Operating Officer
Issuer ticker: CVNA
Reported as of: 31 Jul 2025
Net transaction value: -$19,669,204
SEC form: 4
Accepted by SEC: 04 Aug 2025, 17:19:51 UTC
Prior SEC filing: 03 Jul 2025
Next SEC filing: 03 Sep 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 04 Aug 2025.

Key facts

This page summarizes Benjamin E. Huston's Form 4 filing for CARVANA CO. (CVNA).
19 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 04 Aug 2025, 17:19.

Change

Previous filing in this sequence was filed on 03 Jul 2025.
Current net transaction value: -$19,669,204.

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: 04 Aug 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: $402,800
Shares: +40,000
Change %: +32%
Price: $10.07
Shares after: 166,855
Date: 31 Jul 2025
Ownership: Direct
Footnotes: F1

CVNA transaction

Class A Common Stock

Sale

Transaction value: $5,125,447
Shares: -13,018
Change %: -7.8%
Price: $393.72
Shares after: 153,837
Date: 31 Jul 2025
Ownership: Direct
Footnotes: F1

CVNA transaction

Class A Common Stock

Sale

Transaction value: $199,600
Shares: -500
Change %: -0.33%
Price: $399.20
Shares after: 153,337
Date: 31 Jul 2025
Ownership: Direct
Footnotes: F1, F2

CVNA transaction

Class A Common Stock

Sale

Transaction value: $10,592,800
Shares: -26,482
Change %: -17%
Price: $400.00
Shares after: 126,855
Date: 31 Jul 2025
Ownership: Direct
Footnotes: F1

CVNA transaction

Class A Common Stock

Sale

Transaction value: $256,067
Shares: -700
Change %: -0.55%
Price: $365.81
Shares after: 126,155
Date: 01 Aug 2025
Ownership: Direct
Footnotes: F1, F3

CVNA transaction

Class A Common Stock

Sale

Transaction value: $520,110
Shares: -1,417
Change %: -1.1%
Price: $367.05
Shares after: 124,738
Date: 01 Aug 2025
Ownership: Direct
Footnotes: F1, F4

CVNA transaction

Class A Common Stock

Sale

Transaction value: $430,040
Shares: -1,169
Change %: -0.94%
Price: $367.87
Shares after: 123,569
Date: 01 Aug 2025
Ownership: Direct
Footnotes: F1, F5

CVNA transaction

Class A Common Stock

Sale

Transaction value: $413,157
Shares: -1,120
Change %: -0.91%
Price: $368.89
Shares after: 122,449
Date: 01 Aug 2025
Ownership: Direct
Footnotes: F1, F6

CVNA transaction

Class A Common Stock

Sale

Transaction value: $554,865
Shares: -1,500
Change %: -1.2%
Price: $369.91
Shares after: 120,949
Date: 01 Aug 2025
Ownership: Direct
Footnotes: F1, F7

CVNA transaction

Class A Common Stock

Sale

Transaction value: $259,686
Shares: -700
Change %: -0.58%
Price: $370.98
Shares after: 120,249
Date: 01 Aug 2025
Ownership: Direct
Footnotes: F1, F8

CVNA transaction

Class A Common Stock

Sale

Transaction value: $194,015
Shares: -521
Change %: -0.43%
Price: $372.39
Shares after: 119,728
Date: 01 Aug 2025
Ownership: Direct
Footnotes: F1, F9

CVNA transaction

Class A Common Stock

Sale

Transaction value: $400,540
Shares: -1,073
Change %: -0.9%
Price: $373.29
Shares after: 118,655
Date: 01 Aug 2025
Ownership: Direct
Footnotes: F1, F10

CVNA transaction

Class A Common Stock

Sale

Transaction value: $262,059
Shares: -700
Change %: -0.59%
Price: $374.37
Shares after: 117,955
Date: 01 Aug 2025
Ownership: Direct
Footnotes: F1, F11

CVNA transaction

Class A Common Stock

Sale

Transaction value: $187,835
Shares: -500
Change %: -0.42%
Price: $375.67
Shares after: 117,455
Date: 01 Aug 2025
Ownership: Direct
Footnotes: F1, F12

CVNA transaction

Class A Common Stock

Sale

Transaction value: $113,271
Shares: -300
Change %: -0.26%
Price: $377.57
Shares after: 117,155
Date: 01 Aug 2025
Ownership: Direct
Footnotes: F1, F13

CVNA transaction

Class A Common Stock

Sale

Transaction value: $75,732
Shares: -200
Change %: -0.17%
Price: $378.66
Shares after: 116,955
Date: 01 Aug 2025
Ownership: Direct
Footnotes: F1, F14

CVNA transaction

Class A Common Stock

Sale

Transaction value: $38,088
Shares: -100
Change %: -0.09%
Price: $380.88
Shares after: 116,855
Date: 01 Aug 2025
Ownership: Direct
Footnotes: F1

CVNA transaction

Class A Common Stock

Tax liability

Transaction value: $448,692
Shares: -1,220
Change %: -1%
Price: $367.78
Shares after: 115,635
Date: 01 Aug 2025
Ownership: Direct
Footnotes: F15

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: -40,000
Change %: -8.4%
Price: $0.000000
Shares after: 438,513
Date: 31 Jul 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 40,000
Exercise price: $10.07
Footnotes: F1, F16

^* 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 16 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 $398.88 to $399.44, 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

This transaction was executed in multiple trades at prices ranging from $365.40 to $366.26, 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 F4

This transaction was executed in multiple trades at prices ranging from $366.44 to $367.35, 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 $367.44 to $368.24, 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 $368.44 to $369.34, 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 F7

This transaction was executed in multiple trades at prices ranging from $369.58 to $370.26, 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 F8

This transaction was executed in multiple trades at prices ranging from $370.66 to $371.59, 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 $371.68 to $372.65, 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 $372.94 to $373.84, 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 F11

This transaction was executed in multiple trades at prices ranging from $374.10 to $374.79, 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 $375.33 to $376.24, 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 $377.08 to $377.97, 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 $378.51 to $378.80, 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

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 F16

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.