Form 4 for CVNA Carvana
Accepted 2025-12-04 00:00:00 ET · period of report 2025-12-03 · accession 0001088011-25-000003 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2025-12-04 | 2025-12-03 | CVNA | MAROONE MICHAEL E | Dir | S - Sale+OE | $400.34 | -30.9K | 143.6K | -18% | -$12.38M |
| D | 2025-12-04 | 2025-12-03 | CVNA | MAROONE MICHAEL E | Dir | M - OptEx | $15.00 | +30.9K | 174.5K | +22% | +$463.9K |
| D | 2025-12-04 | 2025-12-03 | CVNA | MAROONE MICHAEL E | Dir | M - OptEx | $0.00 | -30.9K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2025-12-03 | S | D | 29,576 | $400.30 | 144,925 | D | — | — | (F1) The reported sale and option exercise was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 30, 2025. (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. (F3) This transaction was executed in multiple trades at prices ranging from $400.00 to $400.99, inclusive. |
| 2 | Common | Class A Common Stock | 2025-12-03 | S | D | 1,352 | $401.18 | 143,573 | D | — | — | (F1) The reported sale and option exercise was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 30, 2025. (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. (F4) This transaction was executed in multiple trades at prices ranging from $401.02 to $401.32, inclusive. |
| 3 | Common | Class A Common Stock | 2025-12-03 | M | A | 30,928 | $15.00 | 174,501 | D | — | — | |
| 4 | Derivative | Stock Options (Right to Buy) | 2025-12-03 | M | D | 30,928 | $0.00 | 0 | D | $15.00 · — to 2027-04-27 | 30,928 Class A Common Stock | (F7) The options vested in three equal annual installments beginning on April 27, 2018. |