Benjamin E. Huston - Dec 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
Dec 1, 2025
Transactions value $
-$4,127,868
Form type
4
Date filed
12/2/2025, 06:50 PM
Previous filing
Nov 4, 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 2025-12-02 0001700537

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Tax liability -$457K -1.22K -1.2% $375.26 101K Dec 1, 2025 Direct F1
transaction CVNA Class A Common Stock Options Exercise $101K +10K +9.92% $10.07 111K Dec 1, 2025 Direct F2
transaction CVNA Class A Common Stock Sale -$14.8K -40 -0.04% $370.70 111K Dec 1, 2025 Direct F2
transaction CVNA Class A Common Stock Sale -$239K -640 -0.58% $373.10 110K Dec 1, 2025 Direct F2, F3, F4
transaction CVNA Class A Common Stock Sale -$218K -584 -0.53% $374.03 109K Dec 1, 2025 Direct F2, F3, F5
transaction CVNA Class A Common Stock Sale -$704K -1.88K -1.71% $375.14 108K Dec 1, 2025 Direct F2, F3, F6
transaction CVNA Class A Common Stock Sale -$466K -1.24K -1.15% $375.97 106K Dec 1, 2025 Direct F2, F3, F7
transaction CVNA Class A Common Stock Sale -$437K -1.16K -1.09% $377.04 105K Dec 1, 2025 Direct F2, F3, F8
transaction CVNA Class A Common Stock Sale -$563K -1.49K -1.42% $378.09 104K Dec 1, 2025 Direct F2, F3, F9
transaction CVNA Class A Common Stock Sale -$572K -1.51K -1.45% $379.02 102K Dec 1, 2025 Direct F2, F3, F10
transaction CVNA Class A Common Stock Sale -$182K -480 -0.47% $380.01 102K Dec 1, 2025 Direct F2, F3, F11
transaction CVNA Class A Common Stock Sale -$313K -822 -0.81% $381.17 101K Dec 1, 2025 Direct F2, F3, F12
transaction CVNA Class A Common Stock Sale -$61.1K -160 -0.16% $381.91 101K Dec 1, 2025 Direct F2, F3, F13

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 -2.39% $0.00 409K Dec 1, 2025 Class A Common Stock 10K $10.07 Direct F2, F14
* 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 $372.48 to $373.47, inclusive.
F5 This transaction was executed in multiple trades at prices ranging from $373.53 to $374.52 inclusive.
F6 This transaction was executed in multiple trades at prices ranging from $374.54 to $375.53, inclusive.
F7 This transaction was executed in multiple trades at prices ranging from $375.54 to $376.50, inclusive.
F8 This transaction was executed in multiple trades at prices ranging from $376.55 to $377.44 inclusive.
F9 This transaction was executed in multiple trades at prices ranging from $377.59 to $378.57, inclusive.
F10 This transaction was executed in multiple trades at prices ranging from $378.60 to $379.54, inclusive.
F11 This transaction was executed in multiple trades at prices ranging from $379.61 to $380.59, inclusive.
F12 This transaction was executed in multiple trades at prices ranging from $380.72 to $381.65 inclusive.
F13 This transaction was executed in multiple trades at prices ranging from $381.79 to $382.06, inclusive.
F14 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.