Ryan S. Keeton - 31 Oct 2025 Form 4 Insider Report for CARVANA CO. (CVNA)

Role
Chief Brand Officer
Signature
/s/ Paul Breaux, by Power of Attorney for Ryan S. Keeton
Issuer symbol
CVNA
Transactions as of
31 Oct 2025
Net transactions value
-$9,335,031
Form type
4
Filing time
04 Nov 2025, 17:52:49 UTC
Previous filing
02 Oct 2025
Next filing
12 Nov 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
KEETON RYAN S. Chief Brand Officer C/O CARVANA CO., 300 E. RIO SALADO PARKWAY, TEMPE /s/ Paul Breaux, by Power of Attorney for Ryan S. Keeton 04 Nov 2025 0001700542

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Options Exercise $583,130 +13,190 +9.8% $44.21 147,826 31 Oct 2025 Direct
transaction CVNA Class A Common Stock Sale $2,910,382 -9,689 -6.6% $300.38 138,137 31 Oct 2025 Direct F1, F2
transaction CVNA Class A Common Stock Sale $4,373,046 -14,512 -11% $301.34 123,625 31 Oct 2025 Direct F1, F3
transaction CVNA Class A Common Stock Sale $1,434,600 -4,732 -3.8% $303.17 118,893 31 Oct 2025 Direct F1, F4
transaction CVNA Class A Common Stock Sale $495,781 -1,630 -1.4% $304.16 117,263 31 Oct 2025 Direct F1, F5
transaction CVNA Class A Common Stock Sale $551,695 -1,807 -1.5% $305.31 115,456 31 Oct 2025 Direct F1, F6
transaction CVNA Class A Common Stock Tax liability $152,657 -498 -0.43% $306.54 114,958 01 Nov 2025 Direct F7

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 -13,190 -100% $0.000000 0 31 Oct 2025 Class A Common Stock 13,190 $44.21 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 This transaction was executed in multiple trades at prices ranging from $300.01 to $300.97, inclusive.
F3 This transaction was executed in multiple trades at prices ranging from $301.01 to $301.83, inclusive.
F4 This transaction was executed in multiple trades at prices ranging from $302.62 to $303.61, inclusive.
F5 This transaction was executed in multiple trades at prices ranging from $303.62 to $304.59, inclusive.
F6 This transaction was executed in multiple trades at prices ranging from $304.68 to $305.65, inclusive.
F7 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.
F8 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, 2019 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.