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CARVANA CO. — Director's Dealing 2025
Dec 13, 2025
30038_dirs_2025-12-12_6df75169-d514-47a1-b78b-ebdece27992b.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CARVANA CO. (CVNA)
CIK: 0001690820
Period of Report: 2025-12-12
Reporting Person: GILL DANIEL J. (Chief Product Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-12-12 | Class A Common Stock | M | 33732 | $10.07 | Acquired | 224838 | Direct |
| 2025-12-12 | Class A Common Stock | M | 6268 | $42.03 | Acquired | 231106 | Direct |
| 2025-12-12 | Class A Common Stock | S | 37880 | $475.20 | Disposed | 193226 | Direct |
| 2025-12-12 | Class A Common Stock | S | 2120 | $476 | Disposed | 191106 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-12-12 | Stock Options (Right to Buy) | $10.07 | M | 33732 | Disposed | 2033-02-22 | Class A Common Stock (33732) | Direct |
| 2025-12-12 | Stock Options (Right to Buy) | $42.03 | M | 6268 | Disposed | 2034-01-24 | Class A Common Stock (6268) | Direct |
Footnotes
F1: The reported option exercises 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").
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 $475.00 to $475.91 inclusive.
F4: This transaction was executed in multiple trades at prices ranging from $476.00 to $476.01 inclusive.
F5: 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.
F6: The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vest 25% on April 1, 2025 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.