Mark W. Jenkins - 31 Jul 2025 Form 4 Insider Report for CARVANA CO. (CVNA)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
04 Aug 2025, 17:16:54 UTC
Prior SEC filing
03 Jul 2025
Next SEC filing
03 Sep 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Paul Breaux, by Power of Attorney for Mark W. Jenkins

Key filing fact

Mark W. Jenkins filed Form 4 for CARVANA CO. (CVNA) on 04 Aug 2025.

Key facts

  • This page summarizes Mark W. Jenkins's Form 4 filing for CARVANA CO. (CVNA).
  • 28 reported transactions and 5 derivative rows are listed below.
  • Accepted by SEC: 04 Aug 2025, 17:16.

Change

  • Previous filing in this sequence was filed on 03 Jul 2025.
  • Current net transaction value: -$14,771,222.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001700540 Primary reporting owner

JENKINS MARK W.

Relationship
Chief Financial Officer
Address
C/O CARVANA CO., 300 E. RIO SALADO PKWY, TEMPE
Signature
/s/ Paul Breaux, by Power of Attorney for Mark W. Jenkins
Signature date
04 Aug 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CVNA transaction

Class A Common Stock

Options Exercise

Transaction value
$5,236,236
Shares
+17,687
Change %
+8.4%
Price
$296.05
Shares after
228,707
Date
31 Jul 2025
Ownership
Direct
Footnotes
F1
CVNA transaction

Class A Common Stock

Sale

Transaction value
$4,943,548
Shares
-12,556
Change %
-5.5%
Price
$393.72
Shares after
216,151
Date
31 Jul 2025
Ownership
Direct
Footnotes
F1
CVNA transaction

Class A Common Stock

Sale

Transaction value
$7,004,936
Shares
-17,687
Change %
-8.2%
Price
$396.05
Shares after
198,464
Date
31 Jul 2025
Ownership
Direct
Footnotes
F1
CVNA transaction

Class A Common Stock

Sale

Transaction value
$119,766
Shares
-300
Change %
-0.15%
Price
$399.22
Shares after
198,164
Date
31 Jul 2025
Ownership
Direct
Footnotes
F1, F2
CVNA transaction

Class A Common Stock

Sale

Transaction value
$2,857,600
Shares
-7,144
Change %
-3.6%
Price
$400.00
Shares after
191,020
Date
31 Jul 2025
Ownership
Direct
Footnotes
F1
CVNA transaction

Class A Common Stock

Options Exercise

Transaction value
$100,700
Shares
+10,000
Change %
+5.2%
Price
$10.07
Shares after
201,020
Date
01 Aug 2025
Ownership
Direct
Footnotes
F1
CVNA transaction

Class A Common Stock

Options Exercise

Transaction value
$84,060
Shares
+2,000
Change %
+0.99%
Price
$42.03
Shares after
203,020
Date
01 Aug 2025
Ownership
Direct
Footnotes
F1
CVNA transaction

Class A Common Stock

Options Exercise

Transaction value
$38,978
Shares
+750
Change %
+0.37%
Price
$51.97
Shares after
203,770
Date
01 Aug 2025
Ownership
Direct
Footnotes
F1
CVNA transaction

Class A Common Stock

Sale

Transaction value
$292,728
Shares
-800
Change %
-0.39%
Price
$365.91
Shares after
202,970
Date
01 Aug 2025
Ownership
Direct
Footnotes
F1, F3
CVNA transaction

Class A Common Stock

Sale

Transaction value
$512,428
Shares
-1,400
Change %
-0.69%
Price
$366.02
Shares after
201,570
Date
01 Aug 2025
Ownership
Direct
Footnotes
F1, F4
CVNA transaction

Class A Common Stock

Sale

Transaction value
$624,241
Shares
-1,697
Change %
-0.84%
Price
$367.85
Shares after
199,873
Date
01 Aug 2025
Ownership
Direct
Footnotes
F1, F5
CVNA transaction

Class A Common Stock

Sale

Transaction value
$405,702
Shares
-1,100
Change %
-0.55%
Price
$368.82
Shares after
198,773
Date
01 Aug 2025
Ownership
Direct
Footnotes
F1, F6
CVNA transaction

Class A Common Stock

Sale

Transaction value
$770,215
Shares
-2,082
Change %
-1%
Price
$369.94
Shares after
196,691
Date
01 Aug 2025
Ownership
Direct
Footnotes
F1, F7
CVNA transaction

Class A Common Stock

Sale

Transaction value
$185,425
Shares
-500
Change %
-0.25%
Price
$370.85
Shares after
196,191
Date
01 Aug 2025
Ownership
Direct
Footnotes
F1, F8
CVNA transaction

Class A Common Stock

Sale

Transaction value
$372,410
Shares
-1,000
Change %
-0.51%
Price
$372.41
Shares after
195,191
Date
01 Aug 2025
Ownership
Direct
Footnotes
F1, F9
CVNA transaction

Class A Common Stock

Sale

Transaction value
$418,514
Shares
-1,121
Change %
-0.57%
Price
$373.34
Shares after
194,070
Date
01 Aug 2025
Ownership
Direct
Footnotes
F1, F10
CVNA transaction

Class A Common Stock

Sale

Transaction value
$299,536
Shares
-800
Change %
-0.41%
Price
$374.42
Shares after
193,270
Date
01 Aug 2025
Ownership
Direct
Footnotes
F1, F11
CVNA transaction

Class A Common Stock

Sale

Transaction value
$262,941
Shares
-700
Change %
-0.36%
Price
$375.63
Shares after
192,570
Date
01 Aug 2025
Ownership
Direct
Footnotes
F1, F12
CVNA transaction

Class A Common Stock

Sale

Transaction value
$75,474
Shares
-200
Change %
-0.1%
Price
$377.37
Shares after
192,370
Date
01 Aug 2025
Ownership
Direct
Footnotes
F1, F13
CVNA transaction

Class A Common Stock

Sale

Transaction value
$151,420
Shares
-400
Change %
-0.21%
Price
$378.55
Shares after
191,970
Date
01 Aug 2025
Ownership
Direct
Footnotes
F1, F14
CVNA transaction

Class A Common Stock

Sale

Transaction value
$361,703
Shares
-950
Change %
-0.49%
Price
$380.74
Shares after
191,020
Date
01 Aug 2025
Ownership
Direct
Footnotes
F1, F15
CVNA transaction

Class A Common Stock

Tax liability

Transaction value
$448,692
Shares
-1,220
Change %
-0.64%
Price
$367.78
Shares after
189,800
Date
01 Aug 2025
Ownership
Direct
Footnotes
F16
CVNA transaction

Class A Common Stock

Conversion of derivative security

Transaction value
$0
Shares
+20,000
Change %
+11%
Price
$0.000000
Shares after
209,800
Date
04 Aug 2025
Ownership
Direct
Footnotes
F1, F17, F18

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CVNA transaction Derivative

Stock Options (Right to Buy)

Options Exercise

Transaction value
$0
Shares
-17,687
Change %
-100%
Price
$0.000000
Shares after
0
Date
31 Jul 2025
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
17,687
Exercise price
$296.05
Footnotes
F1, F19
CVNA transaction Derivative

Stock Options (Right to Buy)

Options Exercise

Transaction value
$0
Shares
-10,000
Change %
-4.4%
Price
$0.000000
Shares after
218,513
Date
01 Aug 2025
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
10,000
Exercise price
$10.07
Footnotes
F1, F20
CVNA transaction Derivative

Stock Options (Right to Buy)

Options Exercise

Transaction value
$0
Shares
-2,000
Change %
-3%
Price
$0.000000
Shares after
64,703
Date
01 Aug 2025
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
2,000
Exercise price
$42.03
Footnotes
F1, F21
CVNA transaction Derivative

Stock Options (Right to Buy)

Options Exercise

Transaction value
$0
Shares
-750
Change %
-3%
Price
$0.000000
Shares after
24,596
Date
01 Aug 2025
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
750
Exercise price
$51.97
Footnotes
F1, F21
CVNA transaction Derivative

Class B Units

Conversion of derivative security

Transaction value
$123,916
Shares
-25,403
Change %
-13%
Price
$4.88
Shares after
167,470
Date
04 Aug 2025
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
20,000
Exercise price
$4.88
Footnotes
F1, F17, F18
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 21 footnotes

Footnote F1

The reported unit conversions, option exercises, and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 5, 2024.

Footnote F2

This transaction was executed in multiple trades at prices ranging from $399.00 to $399.43, 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.

Footnote F3

This transaction was executed in multiple trades at prices ranging from $365.45 to $366.43, 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.

Footnote F4

This transaction was executed in multiple trades at prices ranging from $366.47 to $367.32, 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.

Footnote F5

This transaction was executed in multiple trades at prices ranging from $367.51 to $368.44, 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.

Footnote F6

This transaction was executed in multiple trades at prices ranging from $368.52 to $369.27, 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.

Footnote F7

This transaction was executed in multiple trades at prices ranging from $369.55 to $370.25, 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.

Footnote F8

This transaction was executed in multiple trades at prices ranging from $370.75 to $371.05, 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.

Footnote F9

This transaction was executed in multiple trades at prices ranging from $371.89 to $372.86, 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.

Footnote F10

This transaction was executed in multiple trades at prices ranging from $372.89 to $373.85, 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.

Footnote F11

This transaction was executed in multiple trades at prices ranging from $374.06 to $374.86, 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.

Footnote F12

This transaction was executed in multiple trades at prices ranging from $375.26 to $376.14, 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.

Footnote F13

This transaction was executed in multiple trades at prices ranging from $377.08 to $377.66, 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.

Footnote F14

This transaction was executed in multiple trades at prices ranging from $378.32 to $378.80, 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.

Footnote F15

This transaction was executed in multiple trades at prices ranging from $380.70 to $380.88, 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.

Footnote F16

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.

Footnote F17

Pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement"), holders of Class B Units may exchange their Class B Units for a number of shares of the Issuer's Class A Common Stock equal to the Class A Common Stock Value less the Adjusted Participation Threshold (as each term is defined in the Exchange Agreement) multiplied by 0.8 times the number of Class B Units being exchanged, divided by the Class A Common Stock Value.

Footnote F18

The Reporting Person was granted the 200,000 Class B Units on March 24, 2015 with a participation threshold of $4.878, 40,000 of which vested on March 1, 2016 and 3,333 of which vested on the first of each month thereafter. The Class B Units have no expiration date.

Footnote F19

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, 2022 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

Footnote F20

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.

Footnote F21

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.

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