Form 4 for CVNA Carvana

Accepted 2025-08-26 00:00:00 ET · period of report 2025-08-22 · accession 0001700548-25-000042 · 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
MI	2025-08-26	2025-08-22	CVNA	GARCIA ERNEST C. III	CEO, Dir, 10%	S - Sale	$361.84	-201	511.4K	-0.0%	-$72.7K

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Class A Common Stock	2025-08-22	S	D	101	$362.18	611,440	I Ernest C. Garcia III Multi-Generational Trust III	—	—	(F1) The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. (F3) This transaction was executed in multiple trades at prices ranging from $361.49 to $362.27 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. (F4) These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust.
2	Common	Class A Common Stock	2025-08-22	S	D	100	$361.49	511,440	I Ernest Irrevocable 2004 Trust III	—	—	(F1) The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. (F2) These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust.