Form 4 for CVNA Carvana
Accepted 2025-06-03 00:00:00 ET · period of report 2025-05-30 · accession 0001690820-25-000206 · 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 | 2025-06-03 | 2025-05-30+ | CVNA | JENKINS MARK W. | CFO | S - Sale+OE | $326.13 | -64.1K | 202.4K | -24% | -$20.91M |
| D | 2025-06-03 | 2025-06-03 | CVNA | JENKINS MARK W. | CFO | C - Cnv Deriv | $0.00 | +20.0K | 212.2K | +10% | $0 |
| DM | 2025-06-03 | 2025-05-30+ | CVNA | JENKINS MARK W. | CFO | M - OptEx | $94.95 | +44.1K | 205.0K | +27% | +$4.19M |
| D | 2025-06-03 | 2025-06-01 | CVNA | JENKINS MARK W. | CFO | F - Tax | $327.16 | -1,220 | 192.2K | -0.6% | -$399.1K |
| DM | 2025-06-03 | 2025-05-30+ | CVNA | JENKINS MARK W. | CFO | M - OptEx | $0.00 | -44.1K | 238.5K | -16% | $0 |
| D | 2025-06-03 | 2025-06-03 | CVNA | JENKINS MARK W. | CFO | C - Cnv Deriv | $4.88 | -25.5K | 18.3K | -58% | -$124.3K |
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 | 2025-06-02 | S | D | 700 | $321.21 | 203,080 | D | — | — | (F8) This transaction was executed in multiple trades at prices ranging from $320.69 to $321.52 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. |
| 2 | Common | Class A Common Stock | 2025-06-02 | S | D | 600 | $319.83 | 203,780 | D | — | — | (F7) This transaction was executed in multiple trades at prices ranging from $319.41 to $320.20 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. |
| 3 | Common | Class A Common Stock | 2025-06-02 | S | D | 500 | $323.11 | 201,891 | D | — | — | (F10) This transaction was executed in multiple trades at prices ranging from $322.86 to $323.30 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 | 2025-06-02 | S | D | 416 | $324.40 | 201,475 | D | — | — | (F11) This transaction was executed in multiple trades at prices ranging from $323.94 to $324.85 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. |
| 5 | Common | Class A Common Stock | 2025-06-02 | S | D | 1,500 | $325.75 | 199,975 | D | — | — | (F12) This transaction was executed in multiple trades at prices ranging from $325.04 to $326.03 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. |
| 6 | Common | Class A Common Stock | 2025-06-02 | S | D | 1,507 | $326.48 | 198,468 | D | — | — | (F13) This transaction was executed in multiple trades at prices ranging from $326.11 to $326.80 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 | 2025-06-02 | S | D | 1,501 | $327.58 | 196,967 | D | — | — | (F14) This transaction was executed in multiple trades at prices ranging from $327.18 to $328.13 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 | 2025-06-02 | S | D | 749 | $328.56 | 196,218 | D | — | — | (F15) This transaction was executed in multiple trades at prices ranging from $328.20 to $329.18 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 | 2025-06-02 | S | D | 1,333 | $329.79 | 194,885 | D | — | — | (F16) This transaction was executed in multiple trades at prices ranging from $329.31 to $330.27 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. |
| 10 | Common | Class A Common Stock | 2025-06-02 | S | D | 2,046 | $330.96 | 192,839 | D | — | — | (F17) This transaction was executed in multiple trades at prices ranging from $330.37 to $331.33 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. |
| 11 | Common | Class A Common Stock | 2025-06-02 | S | D | 600 | $331.71 | 192,239 | D | — | — | (F18) This transaction was executed in multiple trades at prices ranging from $331.55 to $331.90 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 | 2025-06-03 | C | A | 20,000 | $0.00 | 212,239 | D | — | — | (F19) Mr. Jenkins was granted the 60,000 Class B Units on January 28, 2016 with a participation threshold of $4.878; 12,000 vested on March 1, 2016 and 1,000 vested on the first of each month thereafter. The Class B Units have no expiration date. (F20) 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. |
| 13 | Common | Class A Common Stock | 2025-05-30 | S | D | 20,000 | $325.13 | 193,459 | D | — | — | (F2) This transaction was executed in multiple trades at prices ranging from $325.00 to $325.75, 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 | Common | Class A Common Stock | 2025-05-30 | S | D | 31,380 | $326.61 | 162,079 | D | — | — | (F3) This transaction was executed in multiple trades at prices ranging from $326.40 to $327.10 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. |
| 15 | Common | Class A Common Stock | 2025-05-30 | M | A | 31,380 | $126.40 | 193,459 | D | — | — | (F1) The reported option exercises, unit conversions and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 5, 2024. |
| 16 | Common | Class A Common Stock | 2025-06-01 | F | D | 1,220 | $327.16 | 192,239 | D | — | — | (F4) 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. |
| 17 | Common | Class A Common Stock | 2025-06-02 | M | A | 10,000 | $10.07 | 202,239 | D | — | — | (F1) The reported option exercises, unit conversions and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 5, 2024. |
| 18 | Common | Class A Common Stock | 2025-06-02 | M | A | 2,000 | $42.03 | 204,239 | D | — | — | (F1) The reported option exercises, unit conversions and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 5, 2024. |
| 19 | Common | Class A Common Stock | 2025-06-02 | M | A | 750 | $51.97 | 204,989 | D | — | — | (F1) The reported option exercises, unit conversions and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 5, 2024. |
| 20 | Common | Class A Common Stock | 2025-06-02 | S | D | 300 | $317.67 | 204,689 | D | — | — | (F5) This transaction was executed in multiple trades at prices ranging from $317.12 to $318.06 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. |
| 21 | Common | Class A Common Stock | 2025-06-02 | S | D | 309 | $318.44 | 204,380 | D | — | — | (F6) This transaction was executed in multiple trades at prices ranging from $318.16 to $318.63 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. |
| 22 | Common | Class A Common Stock | 2025-06-02 | S | D | 689 | $322.24 | 202,391 | D | — | — | (F9) This transaction was executed in multiple trades at prices ranging from $321.85 to $322.84 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. |
| 23 | Derivative | Stock Options (Right to Buy) | 2025-06-02 | M | D | 750 | $0.00 | 26,096 | D | $51.97 · 2025-04-01 to 2034-02-13 | 750 Class A Common Stock | (F23) 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. |
| 24 | Derivative | Class B Units | 2025-06-03 | C | D | 25,481 | $4.88 | 18,326 | D | $4.88 · — to — | 20,000 Class A Common Stock | (F19) Mr. Jenkins was granted the 60,000 Class B Units on January 28, 2016 with a participation threshold of $4.878; 12,000 vested on March 1, 2016 and 1,000 vested on the first of each month thereafter. The Class B Units have no expiration date. |
| 25 | Derivative | Stock Options (Right to Buy) | 2025-05-30 | M | D | 31,380 | $0.00 | 17,208 | D | $126.40 · 2023-04-01 to 2032-02-21 | 31,380 Class A Common Stock | (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, 2023 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer. |
| 26 | Derivative | Stock Options (Right to Buy) | 2025-06-02 | M | D | 2,000 | $0.00 | 68,703 | D | $42.03 · 2025-04-01 to 2034-01-24 | 2,000 Class A Common Stock | (F23) 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. |
| 27 | Derivative | Stock Options (Right to Buy) | 2025-06-02 | M | D | 10,000 | $0.00 | 238,513 | D | $10.07 · 2024-04-01 to 2033-02-22 | 10,000 Class A Common Stock | (F22) 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. |