Paul W. Breaux - 11 Dec 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
12 Dec 2025, 18:02:10 UTC
Prior SEC filing
10 Dec 2025
Next SEC filing
05 Jan 2026
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Paul Breaux

Key filing fact

Paul W. Breaux filed Form 4 for CARVANA CO. (CVNA) on 12 Dec 2025.

Key facts

  • This page summarizes Paul W. Breaux's Form 4 filing for CARVANA CO. (CVNA).
  • 6 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 12 Dec 2025, 18:02.

Change

  • Previous filing in this sequence was filed on 10 Dec 2025.
  • Current net transaction value: -$4,649,300.

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 0001700545 Primary reporting owner

BREAUX PAUL W.

Relationship
Vice President, General Counsel, Secretary, and Chief Compliance Officer
Address
C/O CARVANA CO., 300 E. RIO SALADO PKWY, TEMPE
Signature
/s/ Paul Breaux
Signature date
12 Dec 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
$85,323
Shares
+8,473
Change %
+12%
Price
$10.07
Shares after
77,762
Date
11 Dec 2025
Ownership
Direct
Footnotes
F1
CVNA transaction

Class A Common Stock

Sale

Transaction value
$4,024,675
Shares
-8,473
Change %
-11%
Price
$475.00
Shares after
69,289
Date
11 Dec 2025
Ownership
Direct
Footnotes
F1
CVNA transaction

Class A Common Stock

Options Exercise

Transaction value
$15,377
Shares
+1,527
Change %
+2.2%
Price
$10.07
Shares after
70,816
Date
12 Dec 2025
Ownership
Direct
Footnotes
F1
CVNA transaction

Class A Common Stock

Sale

Transaction value
$725,325
Shares
-1,527
Change %
-2.2%
Price
$475.00
Shares after
69,289
Date
12 Dec 2025
Ownership
Direct
Footnotes
F1

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
-8,473
Change %
-5.8%
Price
$0.000000
Shares after
137,268
Date
11 Dec 2025
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
8,473
Exercise price
$10.07
Footnotes
F1, F2
CVNA transaction Derivative

Stock Options (Right to Buy)

Options Exercise

Transaction value
$0
Shares
-1,527
Change %
-1.1%
Price
$0.000000
Shares after
135,741
Date
12 Dec 2025
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
1,527
Exercise price
$10.07
Footnotes
F1, F2
* 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 2 footnotes

Footnote F1

The reported option exercises and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 10, 2025 (the "10b5-1 Plan").

Footnote F2

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

SEC remarks

Vice President, General Counsel, Secretary, and Chief Compliance Officer

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