CARVANA CO. — Director's Dealing 2025

Nov 4, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARVANA CO. (CVNA)
CIK: 0001690820
Period of Report: 2025-11-01

Reporting Person: HUSTON BENJAMIN E. (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-11-01	Class A Common Stock	F	1220	$306.54	Disposed	101977	Direct
2025-11-03	Class A Common Stock	M	10000	$10.07	Acquired	111977	Direct
2025-11-03	Class A Common Stock	S	80	$304.25	Disposed	111897	Direct
2025-11-03	Class A Common Stock	S	40	$306.33	Disposed	111857	Direct
2025-11-03	Class A Common Stock	S	217	$308.65	Disposed	111640	Direct
2025-11-03	Class A Common Stock	S	320	$310.08	Disposed	111320	Direct
2025-11-03	Class A Common Stock	S	326	$311.09	Disposed	110994	Direct
2025-11-03	Class A Common Stock	S	431	$312.37	Disposed	110563	Direct
2025-11-03	Class A Common Stock	S	200	$313.08	Disposed	110363	Direct
2025-11-03	Class A Common Stock	S	160	$314.50	Disposed	110203	Direct
2025-11-03	Class A Common Stock	S	262	$315.79	Disposed	109941	Direct
2025-11-03	Class A Common Stock	S	160	$316.82	Disposed	109781	Direct
2025-11-03	Class A Common Stock	S	200	$317.92	Disposed	109581	Direct
2025-11-03	Class A Common Stock	S	320	$320.36	Disposed	109261	Direct
2025-11-03	Class A Common Stock	S	80	$321.15	Disposed	109181	Direct
2025-11-03	Class A Common Stock	S	120	$323.82	Disposed	109061	Direct
2025-11-03	Class A Common Stock	S	400	$324.77	Disposed	108661	Direct
2025-11-03	Class A Common Stock	S	801	$325.75	Disposed	107860	Direct
2025-11-03	Class A Common Stock	S	1362	$326.73	Disposed	106498	Direct
2025-11-03	Class A Common Stock	S	850	$327.82	Disposed	105648	Direct
2025-11-03	Class A Common Stock	S	790	$328.72	Disposed	104858	Direct
2025-11-03	Class A Common Stock	S	1240	$329.93	Disposed	103618	Direct
2025-11-03	Class A Common Stock	S	280	$331.05	Disposed	103338	Direct
2025-11-03	Class A Common Stock	S	225	$332.23	Disposed	103113	Direct
2025-11-03	Class A Common Stock	S	1016	$333.65	Disposed	102097	Direct
2025-11-03	Class A Common Stock	S	120	$334.54	Disposed	101977	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-11-03	Stock Options (Right to Buy)	$10.07	M	10000	Disposed	2033-02-22	Class A Common Stock (10000)	Direct

Footnotes

F1: 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.

F2: 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").

F3: 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: This transaction was executed in multiple trades at prices ranging from $303.98 to $304.51, inclusive.

F5: This transaction was executed in multiple trades at prices ranging from $308.00 to $308.82, inclusive.

F6: This transaction was executed in multiple trades at prices ranging from $309.69 to $310.65, inclusive.

F7: This transaction was executed in multiple trades at prices ranging from $310.72 to $311.30, inclusive.

F8: This transaction was executed in multiple trades at prices ranging from $311.92 to $312.80, inclusive.

F9: This transaction was executed in multiple trades at prices ranging from $312.97 to $313.15, inclusive.

F10: This transaction was executed in multiple trades at prices ranging from $314.01 to $314.95, inclusive.

F11: This transaction was executed in multiple trades at prices ranging from $315.33 to $316.28, inclusive.

F12: This transaction was executed in multiple trades at prices ranging from $316.38 to $317.22, inclusive.

F13: This transaction was executed in multiple trades at prices ranging from $317.39 to $318.38, inclusive.

F14: This transaction was executed in multiple trades at prices ranging from $319.84 to $320.78, inclusive.

F15: This transaction was executed in multiple trades at prices ranging from $321.09 to $321.20, inclusive.

F16: This transaction was executed in multiple trades at prices ranging from $323.18 to $324.17, inclusive.

F17: This transaction was executed in multiple trades at prices ranging from $324.18 to $325.15, inclusive.

F18: This transaction was executed in multiple trades at prices ranging from $325.18 to $326.15, inclusive.

F19: This transaction was executed in multiple trades at prices ranging from $326.21 to $327.19, inclusive.

F20: This transaction was executed in multiple trades at prices ranging from $327.27 to $328.26 inclusive.

F21: This transaction was executed in multiple trades at prices ranging from $328.27 to $329.16, inclusive.

F22: This transaction was executed in multiple trades at prices ranging from $329.48 to $330.24, inclusive.

F23: This transaction was executed in multiple trades at prices ranging from $330.71 to $331.45 inclusive.

F24: This transaction was executed in multiple trades at prices ranging from $331.75 to $332.73, inclusive.

F25: This transaction was executed in multiple trades at prices ranging from $333.12 to $334.10, inclusive.

F26: This transaction was executed in multiple trades at prices ranging from $334.47 to $334.67, inclusive.

F27: 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.