Benjamin E. Huston - Nov 1, 2025 Form 4 Insider Report for CARVANA CO. (CVNA)

Role
Chief Operating Officer
Signature
/s/ Paul Breaux, by Power of Attorney for Benjamin E. Huston
Stock symbol
CVNA
Transactions as of
Nov 1, 2025
Transactions value $
-$3,519,003
Form type
4
Date filed
11/4/2025, 05:49 PM
Previous filing
Oct 2, 2025
Next filing
Dec 2, 2025
SEC
View on sec.gov

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 2025-11-04 0001700537

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Tax liability -$374K -1.22K -1.18% $306.54 102K Nov 1, 2025 Direct F1
transaction CVNA Class A Common Stock Options Exercise $101K +10K +9.81% $10.07 112K Nov 3, 2025 Direct F2
transaction CVNA Class A Common Stock Sale -$24.3K -80 -0.07% $304.25 112K Nov 3, 2025 Direct F2, F3, F4
transaction CVNA Class A Common Stock Sale -$12.3K -40 -0.04% $306.33 112K Nov 3, 2025 Direct F2, F3
transaction CVNA Class A Common Stock Sale -$67K -217 -0.19% $308.65 112K Nov 3, 2025 Direct F2, F3, F5
transaction CVNA Class A Common Stock Sale -$99.2K -320 -0.29% $310.08 111K Nov 3, 2025 Direct F2, F3, F6
transaction CVNA Class A Common Stock Sale -$101K -326 -0.29% $311.09 111K Nov 3, 2025 Direct F2, F3, F7
transaction CVNA Class A Common Stock Sale -$135K -431 -0.39% $312.37 111K Nov 3, 2025 Direct F2, F3, F8
transaction CVNA Class A Common Stock Sale -$62.6K -200 -0.18% $313.08 110K Nov 3, 2025 Direct F2, F3, F9
transaction CVNA Class A Common Stock Sale -$50.3K -160 -0.14% $314.50 110K Nov 3, 2025 Direct F2, F3, F10
transaction CVNA Class A Common Stock Sale -$82.7K -262 -0.24% $315.79 110K Nov 3, 2025 Direct F2, F3, F11
transaction CVNA Class A Common Stock Sale -$50.7K -160 -0.15% $316.82 110K Nov 3, 2025 Direct F2, F3, F12
transaction CVNA Class A Common Stock Sale -$63.6K -200 -0.18% $317.92 110K Nov 3, 2025 Direct F2, F3, F13
transaction CVNA Class A Common Stock Sale -$103K -320 -0.29% $320.36 109K Nov 3, 2025 Direct F2, F3, F14
transaction CVNA Class A Common Stock Sale -$25.7K -80 -0.07% $321.15 109K Nov 3, 2025 Direct F2, F3, F15
transaction CVNA Class A Common Stock Sale -$38.9K -120 -0.11% $323.82 109K Nov 3, 2025 Direct F2, F3, F16
transaction CVNA Class A Common Stock Sale -$130K -400 -0.37% $324.77 109K Nov 3, 2025 Direct F2, F3, F17
transaction CVNA Class A Common Stock Sale -$261K -801 -0.74% $325.75 108K Nov 3, 2025 Direct F2, F3, F18
transaction CVNA Class A Common Stock Sale -$445K -1.36K -1.26% $326.73 106K Nov 3, 2025 Direct F2, F3, F19
transaction CVNA Class A Common Stock Sale -$279K -850 -0.8% $327.82 106K Nov 3, 2025 Direct F2, F3, F20
transaction CVNA Class A Common Stock Sale -$260K -790 -0.75% $328.72 105K Nov 3, 2025 Direct F2, F3, F21
transaction CVNA Class A Common Stock Sale -$409K -1.24K -1.18% $329.93 104K Nov 3, 2025 Direct F2, F3, F22
transaction CVNA Class A Common Stock Sale -$92.7K -280 -0.27% $331.05 103K Nov 3, 2025 Direct F2, F3, F23
transaction CVNA Class A Common Stock Sale -$74.8K -225 -0.22% $332.23 103K Nov 3, 2025 Direct F2, F3, F24
transaction CVNA Class A Common Stock Sale -$339K -1.02K -0.99% $333.65 102K Nov 3, 2025 Direct F2, F3, F25
transaction CVNA Class A Common Stock Sale -$40.1K -120 -0.12% $334.54 102K Nov 3, 2025 Direct F2, F3, F26

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 -10K -2.33% $0.00 419K Nov 3, 2025 Class A Common Stock 10K $10.07 Direct F2, F27
* 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 December 13, 2024 (the "10b5-1 Plan").
F3 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.
F4 This transaction was executed in multiple trades at prices ranging from $303.98 to $304.51, inclusive.
F5 This transaction was executed in multiple trades at prices ranging from $308.00 to $308.82, inclusive.
F6 This transaction was executed in multiple trades at prices ranging from $309.69 to $310.65, inclusive.
F7 This transaction was executed in multiple trades at prices ranging from $310.72 to $311.30, inclusive.
F8 This transaction was executed in multiple trades at prices ranging from $311.92 to $312.80, inclusive.
F9 This transaction was executed in multiple trades at prices ranging from $312.97 to $313.15, inclusive.
F10 This transaction was executed in multiple trades at prices ranging from $314.01 to $314.95, inclusive.
F11 This transaction was executed in multiple trades at prices ranging from $315.33 to $316.28, inclusive.
F12 This transaction was executed in multiple trades at prices ranging from $316.38 to $317.22, inclusive.
F13 This transaction was executed in multiple trades at prices ranging from $317.39 to $318.38, inclusive.
F14 This transaction was executed in multiple trades at prices ranging from $319.84 to $320.78, inclusive.
F15 This transaction was executed in multiple trades at prices ranging from $321.09 to $321.20, inclusive.
F16 This transaction was executed in multiple trades at prices ranging from $323.18 to $324.17, inclusive.
F17 This transaction was executed in multiple trades at prices ranging from $324.18 to $325.15, inclusive.
F18 This transaction was executed in multiple trades at prices ranging from $325.18 to $326.15, inclusive.
F19 This transaction was executed in multiple trades at prices ranging from $326.21 to $327.19, inclusive.
F20 This transaction was executed in multiple trades at prices ranging from $327.27 to $328.26 inclusive.
F21 This transaction was executed in multiple trades at prices ranging from $328.27 to $329.16, inclusive.
F22 This transaction was executed in multiple trades at prices ranging from $329.48 to $330.24, inclusive.
F23 This transaction was executed in multiple trades at prices ranging from $330.71 to $331.45 inclusive.
F24 This transaction was executed in multiple trades at prices ranging from $331.75 to $332.73, inclusive.
F25 This transaction was executed in multiple trades at prices ranging from $333.12 to $334.10, inclusive.
F26 This transaction was executed in multiple trades at prices ranging from $334.47 to $334.67, inclusive.
F27 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.