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CARVANA CO. — Director's Dealing 2025
Nov 4, 2025
30038_dirs_2025-11-04_55b0b3b6-12da-4c4e-bf2c-444b15c1c149.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: 2025-10-31
Reporting Person: KEETON RYAN S. (Chief Brand Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-10-31 | Class A Common Stock | M | 13190 | $44.21 | Acquired | 147826 | Direct |
| 2025-10-31 | Class A Common Stock | S | 9689 | $300.38 | Disposed | 138137 | Direct |
| 2025-10-31 | Class A Common Stock | S | 14512 | $301.34 | Disposed | 123625 | Direct |
| 2025-10-31 | Class A Common Stock | S | 4732 | $303.17 | Disposed | 118893 | Direct |
| 2025-10-31 | Class A Common Stock | S | 1630 | $304.16 | Disposed | 117263 | Direct |
| 2025-10-31 | Class A Common Stock | S | 1807 | $305.31 | Disposed | 115456 | Direct |
| 2025-11-01 | Class A Common Stock | F | 498 | $306.54 | Disposed | 114958 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-10-31 | Stock Options (Right to Buy) | $44.21 | M | 13190 | Disposed | 2028-07-28 | Class A Common Stock (13190) | Direct |
Footnotes
F1: 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.
F2: This transaction was executed in multiple trades at prices ranging from $300.01 to $300.97, inclusive.
F3: This transaction was executed in multiple trades at prices ranging from $301.01 to $301.83, inclusive.
F4: This transaction was executed in multiple trades at prices ranging from $302.62 to $303.61, inclusive.
F5: This transaction was executed in multiple trades at prices ranging from $303.62 to $304.59, inclusive.
F6: This transaction was executed in multiple trades at prices ranging from $304.68 to $305.65, inclusive.
F7: 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.
F8: 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, 2019 and monthly thereafter for the following
three years, subject to the Reporting Person's continued service with the Issuer.