CARVANA CO. — Director's Dealing 2025

Dec 10, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARVANA CO. (CVNA)
CIK: 0001690820
Period of Report: 2025-12-08

Reporting Person: Taira Thomas (President, Special Projects)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-12-08	Class A Common Stock	M	20000	$10.07	Acquired	100832	Direct
2025-12-08	Class A Common Stock	S	20000	$429	Disposed	80832	Direct
2025-12-08	Class A Common Stock	S	952	$434.77	Disposed	79880	Direct
2025-12-08	Class A Common Stock	S	10000	$450	Disposed	69880	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-12-08	Stock Options (Right to Buy)	$10.07	M	20000	Disposed	2033-02-22	Class A Common Stock (20000)	Direct

Footnotes

F1: The reported option exercise and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 8, 2025.

F2: 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 vest monthly thereafter for the
following three years, subject to the Reporting Person's continued service with the Issuer.