Ernest C. Garcia III - 01 Sep 2025 Form 4 Insider Report for CARVANA CO. (CVNA)

Signature
/s/ Paul Breaux, by Power of Attorney for Ernest C. Garcia, III
Issuer symbol
CVNA
Transactions as of
01 Sep 2025
Net transactions value
-$4,103,515
Form type
4
Filing time
03 Sep 2025, 18:28:37 UTC
Previous filing
02 Sep 2025
Next filing
04 Sep 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
GARCIA ERNEST C. III Chief Executive Officer, Director, 10%+ Owner C/O CARVANA CO., 300 E. RIO SALADO PARKWAY, TEMPE /s/ Paul Breaux, by Power of Attorney for Ernest C. Garcia, III 03 Sep 2025 0001700548

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Tax liability $457,090 -1,229 -0.13% $371.92 921,926 01 Sep 2025 Direct F1
transaction CVNA Class A Common Stock Sale $35,676 -100 -0.02% $356.76 486,340 02 Sep 2025 Ernest Irrevocable 2004 Trust III F2, F3, F4
transaction CVNA Class A Common Stock Sale $35,676 -100 -0.02% $356.76 586,340 02 Sep 2025 Ernest C. Garcia III Multi-Generational Trust III F2, F3, F5
transaction CVNA Class A Common Stock Sale $89,718 -250 -0.05% $358.87 486,090 02 Sep 2025 Ernest Irrevocable 2004 Trust III F2, F4, F6
transaction CVNA Class A Common Stock Sale $89,718 -250 -0.04% $358.87 586,090 02 Sep 2025 Ernest C. Garcia III Multi-Generational Trust III F2, F5, F6
transaction CVNA Class A Common Stock Sale $53,946 -150 -0.03% $359.64 485,940 02 Sep 2025 Ernest Irrevocable 2004 Trust III F2, F4, F7
transaction CVNA Class A Common Stock Sale $53,946 -150 -0.03% $359.64 585,940 02 Sep 2025 Ernest C. Garcia III Multi-Generational Trust III F2, F5, F7
transaction CVNA Class A Common Stock Sale $126,360 -350 -0.07% $361.03 485,590 02 Sep 2025 Ernest Irrevocable 2004 Trust III F2, F4, F8
transaction CVNA Class A Common Stock Sale $126,360 -350 -0.06% $361.03 585,590 02 Sep 2025 Ernest C. Garcia III Multi-Generational Trust III F2, F5, F8
transaction CVNA Class A Common Stock Sale $72,518 -200 -0.04% $362.59 485,390 02 Sep 2025 Ernest Irrevocable 2004 Trust III F2, F4, F9
transaction CVNA Class A Common Stock Sale $72,518 -200 -0.03% $362.59 585,390 02 Sep 2025 Ernest C. Garcia III Multi-Generational Trust III F2, F5, F9
transaction CVNA Class A Common Stock Sale $181,770 -500 -0.1% $363.54 484,890 02 Sep 2025 Ernest Irrevocable 2004 Trust III F2, F4, F10
transaction CVNA Class A Common Stock Sale $181,770 -500 -0.09% $363.54 584,890 02 Sep 2025 Ernest C. Garcia III Multi-Generational Trust III F2, F5, F10
transaction CVNA Class A Common Stock Sale $236,918 -650 -0.13% $364.49 484,240 02 Sep 2025 Ernest Irrevocable 2004 Trust III F2, F4, F11
transaction CVNA Class A Common Stock Sale $236,918 -650 -0.11% $364.49 584,240 02 Sep 2025 Ernest C. Garcia III Multi-Generational Trust III F2, F5, F11
transaction CVNA Class A Common Stock Sale $382,909 -1,047 -0.22% $365.72 483,193 02 Sep 2025 Ernest Irrevocable 2004 Trust III F2, F4, F12
transaction CVNA Class A Common Stock Sale $382,909 -1,047 -0.18% $365.72 583,193 02 Sep 2025 Ernest C. Garcia III Multi-Generational Trust III F2, F5, F12
transaction CVNA Class A Common Stock Sale $417,248 -1,138 -0.24% $366.65 482,055 02 Sep 2025 Ernest Irrevocable 2004 Trust III F2, F4, F13
transaction CVNA Class A Common Stock Sale $417,248 -1,138 -0.2% $366.65 582,055 02 Sep 2025 Ernest C. Garcia III Multi-Generational Trust III F2, F5, F13
transaction CVNA Class A Common Stock Sale $170,864 -465 -0.1% $367.45 481,590 02 Sep 2025 Ernest Irrevocable 2004 Trust III F2, F4, F14
transaction CVNA Class A Common Stock Sale $170,864 -465 -0.08% $367.45 581,590 02 Sep 2025 Ernest C. Garcia III Multi-Generational Trust III F2, F5, F14
transaction CVNA Class A Common Stock Sale $55,286 -150 -0.03% $368.57 481,440 02 Sep 2025 Ernest Irrevocable 2004 Trust III F2, F4, F15
transaction CVNA Class A Common Stock Sale $55,286 -150 -0.03% $368.57 581,440 02 Sep 2025 Ernest C. Garcia III Multi-Generational Trust III F2, F5, 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 sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.
F3 This transaction was executed in multiple trades at prices ranging from $356.72 to $356.78 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 These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust.
F5 These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust.
F6 This transaction was executed in multiple trades at prices ranging from $358.50 to $359.39 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 $359.57 to $359.67 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 $360.62 to $361.60, 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 $361.99 to $362.99, 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 $363.00 to $364.00, 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 $364.05 to $364.97, 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.
F12 This transaction was executed in multiple trades at prices ranging from $365.13 to $366.13, 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.
F13 This transaction was executed in multiple trades at prices ranging from $366.15 to $367.07, 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 This transaction was executed in multiple trades at prices ranging from $367.20 to $368.04, 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.
F15 This transaction was executed in multiple trades at prices ranging from $368.49 to $368.67, 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.