SEC Form 4 · accession 0001700540-26-000016
CARVANA CO. · CVNA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark W. Jenkins
Officer — Chief Financial Officer
Period of report
Jul 1, 2026
Accepted (ET)
Jul 2, 2026 · 5:23 pm EDT
Rule 10b5-1 plan
yes — trade under a plan
Issuer CIK
0001690820
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Jul 1, 2026 | F | 7,014 | $67.87 | D | 1,029,580 | D | |
| Class A Common Stock | Jul 1, 2026 | M | 50,000 | $2.01 | A | 1,079,580 | D | |
| Class A Common Stock | Jul 1, 2026 | M | 10,000 | $8.41 | A | 1,089,580 | D | |
| Class A Common Stock | Jul 1, 2026 | M | 3,750 | $10.39 | A | 1,093,330 | D | |
| Class A Common StockF3,F4 | Jul 1, 2026 | S | 6,710 | $65.18 | D | 1,086,620 | D | |
| Class A Common StockF3,F5 | Jul 1, 2026 | S | 4,560 | $66.07 | D | 1,082,060 | D | |
| Class A Common StockF3,F6 | Jul 1, 2026 | S | 5,960 | $67.49 | D | 1,076,100 | D | |
| Class A Common StockF3,F7 | Jul 1, 2026 | S | 21,130 | $68.14 | D | 1,054,970 | D | |
| Class A Common StockF3,F8 | Jul 1, 2026 | S | 9,840 | $69.22 | D | 1,045,130 | D | |
| Class A Common StockF3,F9 | Jul 1, 2026 | S | 15,550 | $70.43 | D | 1,029,580 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F10 | $2.01 | Jul 1, 2026 | M | 50,000 | D | Apr 1, 2024 | Feb 22, 2033 | Class A Common Stock | 50,000 | 542,565 | D |
| Stock Options (Right to Buy)F11 | $8.41 | Jul 1, 2026 | M | 10,000 | D | Apr 1, 2025 | Jan 24, 2034 | Class A Common Stock | 10,000 | 213,515 | D |
| Stock Options (Right to Buy)F11 | $10.39 | Jul 1, 2026 | M | 3,750 | D | Apr 1, 2025 | Feb 13, 2034 | Class A Common Stock | 3,750 | 81,730 | D |
Explanation of responses
- F1Represents 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.
- F10The 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.
- F11The 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.
- F2The reported option exercises and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 5, 2024.
- F3The 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.
- F4This transaction was executed in multiple trades at prices ranging from $64.73 to $65.70 inclusive.
- F5This transaction was executed in multiple trades at prices ranging from $65.73 to $66.65 inclusive.
- F6This transaction was executed in multiple trades at prices ranging from $66.76 to $67.75 inclusive.
- F7This transaction was executed in multiple trades at prices ranging from $67.76 to $68.75 inclusive.
- F8This transaction was executed in multiple trades at prices ranging from $68.76 to $69.75 inclusive.
- F9This transaction was executed in multiple trades at prices ranging from $69.76 to $70.72 inclusive.