Form 4 for CVNA Carvana
Accepted 2025-05-05 00:00:00 ET · period of report 2025-05-01 · accession 0001690820-25-000149 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2025-05-05 | 2025-05-01 | CVNA | HUSTON BENJAMIN E. | COO | F - Tax | $251.87 | -1,219 | 149.3K | -0.8% | -$307.0K |
| D | 2025-05-05 | 2025-05-05 | CVNA | HUSTON BENJAMIN E. | COO | C - Cnv Deriv | $0.00 | +10.0K | 149.3K | +7% | $0 |
| DM | 2025-05-05 | 2025-05-01 | CVNA | HUSTON BENJAMIN E. | COO | S - Sale | $253.56 | -10.0K | 139.8K | -7% | -$2.54M |
| D | 2025-05-05 | 2025-05-05 | CVNA | HUSTON BENJAMIN E. | COO | C - Cnv Deriv | $0.00 | -12.5K | 45.6K | -22% | $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 | 2025-05-01 | F | D | 1,219 | $251.87 | 149,294 | D | — | — | (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. |
| 2 | Common | Class A Common Stock | 2025-05-05 | C | A | 10,000 | $0.00 | 149,294 | D | — | — | (F13) Mr. Huston was granted 1,000,000 Class B common units ("Class B Units") of Carvana Group, LLC ("Carvana Group") on March 24, 2015 with a participation threshold of $0.00; 250,000 vested on the grant date and 16,667 vest on the first of each month thereafter. (F14) 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. |
| 3 | Common | Class A Common Stock | 2025-05-01 | S | D | 300 | $262.18 | 139,294 | D | — | — | (F12) This transaction was executed in multiple trades at prices ranging from $262.03 to $262.42, 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. |
| 4 | Common | Class A Common Stock | 2025-05-01 | S | D | 200 | $259.39 | 139,594 | D | — | — | (F11) This transaction was executed in multiple trades at prices ranging from $259.10 to $259.67, 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. |
| 5 | Common | Class A Common Stock | 2025-05-01 | S | D | 400 | $248.48 | 148,694 | D | — | — | (F3) This transaction was executed in multiple trades at prices ranging from $248.05 to $248.96, 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. |
| 6 | Common | Class A Common Stock | 2025-05-01 | S | D | 800 | $256.27 | 140,194 | D | — | — | (F9) This transaction was executed in multiple trades at prices ranging from $255.98 to $256.80, 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. |
| 7 | Common | Class A Common Stock | 2025-05-01 | S | D | 1,200 | $255.43 | 140,994 | D | — | — | (F8) This transaction was executed in multiple trades at prices ranging from $254.97 to $255.91, 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. |
| 8 | Common | Class A Common Stock | 2025-05-01 | S | D | 900 | $254.34 | 142,194 | D | — | — | (F7) This transaction was executed in multiple trades at prices ranging from $253.85 to $254.78, 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. |
| 9 | Common | Class A Common Stock | 2025-05-01 | S | D | 2,098 | $252.95 | 143,094 | D | — | — | (F6) This transaction was executed in multiple trades at prices ranging from $252.61 to $253.58, 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. |
| 10 | Common | Class A Common Stock | 2025-05-01 | S | D | 3,202 | $252.08 | 145,192 | D | — | — | (F5) This transaction was executed in multiple trades at prices ranging from $251.59 to $252.57, 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. |
| 11 | Common | Class A Common Stock | 2025-05-01 | S | D | 300 | $250.19 | 148,394 | D | — | — | (F4) This transaction was executed in multiple trades at prices ranging from $250.05 to $250.33, 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. |
| 12 | Common | Class A Common Stock | 2025-05-01 | S | D | 200 | $246.63 | 149,094 | D | — | — | |
| 13 | Common | Class A Common Stock | 2025-05-01 | S | D | 400 | $257.54 | 139,794 | D | — | — | (F10) This transaction was executed in multiple trades at prices ranging from $257.14 to $258.03, 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. |
| 14 | Derivative | Class B Units | 2025-05-05 | C | D | 12,500 | $0.00 | 45,561 | D | $0.00 · — to — | 10,000 Class A Common Stock | (F2) The reported unit conversions 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"). (F13) Mr. Huston was granted 1,000,000 Class B common units ("Class B Units") of Carvana Group, LLC ("Carvana Group") on March 24, 2015 with a participation threshold of $0.00; 250,000 vested on the grant date and 16,667 vest on the first of each month thereafter. |