Mark W. Jenkins - 01 Sep 2025 Form 4 Insider Report for CARVANA CO. (CVNA)

Signature
/s/ Paul Breaux, by Power of Attorney for Mark W. Jenkins
Issuer symbol
CVNA
Transactions as of
01 Sep 2025
Net transactions value
-$4,876,050
Form type
4
Filing time
03 Sep 2025, 18:31:39 UTC
Previous filing
04 Aug 2025
Next filing
02 Oct 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
JENKINS MARK W. Chief Financial Officer C/O CARVANA CO., 300 E. RIO SALADO PKWY, TEMPE /s/ Paul Breaux, by Power of Attorney for Mark W. Jenkins 03 Sep 2025 0001700540

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Tax liability $453,370 -1,219 -0.58% $371.92 208,581 01 Sep 2025 Direct F1
transaction CVNA Class A Common Stock Options Exercise $100,700 +10,000 +4.8% $10.07 218,581 02 Sep 2025 Direct F2
transaction CVNA Class A Common Stock Options Exercise $84,060 +2,000 +0.91% $42.03 220,581 02 Sep 2025 Direct F2
transaction CVNA Class A Common Stock Options Exercise $38,978 +750 +0.34% $51.97 221,331 02 Sep 2025 Direct F2
transaction CVNA Class A Common Stock Sale $142,832 -400 -0.18% $357.08 220,931 02 Sep 2025 Direct F2, F3
transaction CVNA Class A Common Stock Sale $179,445 -500 -0.23% $358.89 220,431 02 Sep 2025 Direct F2, F4
transaction CVNA Class A Common Stock Sale $251,783 -700 -0.32% $359.69 219,731 02 Sep 2025 Direct F2, F5
transaction CVNA Class A Common Stock Sale $379,008 -1,050 -0.48% $360.96 218,681 02 Sep 2025 Direct F2, F6
transaction CVNA Class A Common Stock Sale $182,031 -503 -0.23% $361.89 218,178 02 Sep 2025 Direct F2, F7
transaction CVNA Class A Common Stock Sale $392,224 -1,080 -0.5% $363.17 217,098 02 Sep 2025 Direct F2, F8
transaction CVNA Class A Common Stock Sale $429,697 -1,180 -0.54% $364.15 215,918 02 Sep 2025 Direct F2, F9
transaction CVNA Class A Common Stock Sale $365,240 -1,000 -0.46% $365.24 214,918 02 Sep 2025 Direct F2, F10
transaction CVNA Class A Common Stock Sale $1,524,299 -4,161 -1.9% $366.33 210,757 02 Sep 2025 Direct F2, F11
transaction CVNA Class A Common Stock Sale $569,863 -1,552 -0.74% $367.18 209,205 02 Sep 2025 Direct F2, F12
transaction CVNA Class A Common Stock Sale $193,078 -524 -0.25% $368.47 208,681 02 Sep 2025 Direct F2, F13
transaction CVNA Class A Common Stock Sale $36,917 -100 -0.05% $369.17 208,581 02 Sep 2025 Direct F2

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 -10,000 -4.6% $0.000000 208,513 02 Sep 2025 Class A Common Stock 10,000 $10.07 Direct F2, F14
transaction CVNA Stock Options (Right to Buy) Options Exercise $0 -2,000 -3.1% $0.000000 62,703 02 Sep 2025 Class A Common Stock 2,000 $42.03 Direct F2, F15
transaction CVNA Stock Options (Right to Buy) Options Exercise $0 -750 -3% $0.000000 23,846 02 Sep 2025 Class A Common Stock 750 $51.97 Direct F2, F15
* 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 August 5, 2024.
F3 This transaction was executed in multiple trades at prices ranging from $356.84 to $357.81, 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.
F4 This transaction was executed in multiple trades at prices ranging from $358.21 to $359.13, 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 $359.42 to $360.15, 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.
F6 This transaction was executed in multiple trades at prices ranging from $360.49 to $361.04 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 $361.62 to $362.02, 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.
F8 This transaction was executed in multiple trades at prices ranging from $362.75 to $363.73, 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 $363.76 to $364.59, 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.
F10 This transaction was executed in multiple trades at prices ranging from $364.86 to $365.71, 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 $365.88 to $366.83, 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.
F12 This transaction was executed in multiple trades at prices ranging from $366.89 to $367.62, 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 $368.01 to $368.97, 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.
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.
F15 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, 2025 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.