Daniel J. Gill - 12 Dec 2025 Form 4 Insider Report for CARVANA CO. (CVNA)

Reporting relationship: Chief Product Officer
Issuer ticker: CVNA
Reported as of: 12 Dec 2025
Net transaction value: -$18,406,571
SEC form: 4
Accepted by SEC: 12 Dec 2025, 18:02:22 UTC
Prior SEC filing: 10 Dec 2025
Next SEC filing: 05 Jan 2026
Source filing: View source filing
Reporting owner signature: /s/ Paul Breaux, by Power of Attorney for Daniel J. Gill

Key filing fact

Daniel J. Gill filed Form 4 for CARVANA CO. (CVNA) on 12 Dec 2025.

Key facts

This page summarizes Daniel J. Gill'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: -$18,406,571.

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 0001700538 Primary reporting owner

GILL DANIEL J.

Relationship: Chief Product Officer
Address: C/O CARVANA CO., 300 E. RIO SALADO PARKWAY, TEMPE
Signature: /s/ Paul Breaux, by Power of Attorney for Daniel J. Gill
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: $339,681
Shares: +33,732
Change %: +18%
Price: $10.07
Shares after: 224,838
Date: 12 Dec 2025
Ownership: Direct
Footnotes: F1

CVNA transaction

Class A Common Stock

Options Exercise

Transaction value: $263,444
Shares: +6,268
Change %: +2.8%
Price: $42.03
Shares after: 231,106
Date: 12 Dec 2025
Ownership: Direct
Footnotes: F1

CVNA transaction

Class A Common Stock

Sale

Transaction value: $18,000,576
Shares: -37,880
Change %: -16%
Price: $475.20
Shares after: 193,226
Date: 12 Dec 2025
Ownership: Direct
Footnotes: F1, F2, F3

CVNA transaction

Class A Common Stock

Sale

Transaction value: $1,009,120
Shares: -2,120
Change %: -1.1%
Price: $476.00
Shares after: 191,106
Date: 12 Dec 2025
Ownership: Direct
Footnotes: F1, F2, F4

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: -33,732
Change %: -17%
Price: $0.000000
Shares after: 167,170
Date: 12 Dec 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 33,732
Exercise price: $10.07
Footnotes: F1, F5

CVNA transaction Derivative

Stock Options (Right to Buy)

Options Exercise

Transaction value: $0
Shares: -6,268
Change %: -10%
Price: $0.000000
Shares after: 55,133
Date: 12 Dec 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 6,268
Exercise price: $42.03
Footnotes: F1, F6

^* 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 6 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 December 13, 2024 (the "10b5-1 Plan").

Footnote F2

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 $475.00 to $475.91 inclusive.

Footnote F4

This transaction was executed in multiple trades at prices ranging from $476.00 to $476.01 inclusive.

Footnote F5

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 F6

The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vest 25% on April 1, 2025 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.