Stephen R. Palmer - 01 Nov 2025 Form 4 Insider Report for CARVANA CO. (CVNA)

Signature
/s/ Paul Breaux, by Power of Attorney for Stephen R. Palmer
Issuer symbol
CVNA
Transactions as of
01 Nov 2025
Net transactions value
-$502,718
Form type
4
Filing time
04 Nov 2025, 17:56:17 UTC
Previous filing
02 Oct 2025
Next filing
02 Dec 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Palmer Stephen R Vice President of Accounting C/O CARVANA CO., 300 E. RIO SALADO PKWY, TEMPE /s/ Paul Breaux, by Power of Attorney for Stephen R. Palmer 04 Nov 2025 0001783558

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Tax liability $197,718 -645 -1.5% $306.54 42,868 01 Nov 2025 Direct F1
transaction CVNA Class A Common Stock Sale $305,000 -1,000 -2.3% $305.00 41,868 03 Nov 2025 Direct F2
* 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 May 28, 2025 (the "10b5-1 Plan").