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CARVANA CO. — Director's Dealing 2025
Nov 4, 2025
30038_dirs_2025-11-04_e1e352f9-c4de-4ee3-9b5e-afd1335a8232.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: 2025-11-01
Reporting Person: JENKINS MARK W. (Chief Financial 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 | 206142 | Direct |
| 2025-11-03 | Class A Common Stock | M | 10000 | $10.07 | Acquired | 216142 | Direct |
| 2025-11-03 | Class A Common Stock | M | 2000 | $42.03 | Acquired | 218142 | Direct |
| 2025-11-03 | Class A Common Stock | M | 750 | $51.97 | Acquired | 218892 | Direct |
| 2025-11-03 | Class A Common Stock | S | 120 | $304.34 | Disposed | 218772 | Direct |
| 2025-11-03 | Class A Common Stock | S | 750 | $305 | Disposed | 218022 | Direct |
| 2025-11-03 | Class A Common Stock | S | 40 | $306.33 | Disposed | 217982 | Direct |
| 2025-11-03 | Class A Common Stock | S | 320 | $308.48 | Disposed | 217662 | Direct |
| 2025-11-03 | Class A Common Stock | S | 280 | $309.74 | Disposed | 217382 | Direct |
| 2025-11-03 | Class A Common Stock | S | 440 | $310.89 | Disposed | 216942 | Direct |
| 2025-11-03 | Class A Common Stock | S | 240 | $311.96 | Disposed | 216702 | Direct |
| 2025-11-03 | Class A Common Stock | S | 480 | $312.91 | Disposed | 216222 | Direct |
| 2025-11-03 | Class A Common Stock | S | 280 | $314.51 | Disposed | 215942 | Direct |
| 2025-11-03 | Class A Common Stock | S | 263 | $315.84 | Disposed | 215679 | Direct |
| 2025-11-03 | Class A Common Stock | S | 212 | $316.73 | Disposed | 215467 | Direct |
| 2025-11-03 | Class A Common Stock | S | 200 | $317.82 | Disposed | 215267 | Direct |
| 2025-11-03 | Class A Common Stock | S | 40 | $318.60 | Disposed | 215227 | Direct |
| 2025-11-03 | Class A Common Stock | S | 340 | $320.38 | Disposed | 214887 | Direct |
| 2025-11-03 | Class A Common Stock | S | 120 | $321.05 | Disposed | 214767 | Direct |
| 2025-11-03 | Class A Common Stock | S | 200 | $324.02 | Disposed | 214567 | Direct |
| 2025-11-03 | Class A Common Stock | S | 689 | $325.06 | Disposed | 213878 | Direct |
| 2025-11-03 | Class A Common Stock | S | 1160 | $326.06 | Disposed | 212718 | Direct |
| 2025-11-03 | Class A Common Stock | S | 1400 | $326.99 | Disposed | 211318 | Direct |
| 2025-11-03 | Class A Common Stock | S | 1256 | $328.20 | Disposed | 210062 | Direct |
| 2025-11-03 | Class A Common Stock | S | 845 | $329.24 | Disposed | 209217 | Direct |
| 2025-11-03 | Class A Common Stock | S | 1236 | $330.11 | Disposed | 207981 | Direct |
| 2025-11-03 | Class A Common Stock | S | 280 | $331.31 | Disposed | 207701 | Direct |
| 2025-11-03 | Class A Common Stock | S | 359 | $332.57 | Disposed | 207342 | Direct |
| 2025-11-03 | Class A Common Stock | S | 1080 | $333.70 | Disposed | 206262 | Direct |
| 2025-11-03 | Class A Common Stock | S | 120 | $334.31 | Disposed | 206142 | 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 |
| 2025-11-03 | Stock Options (Right to Buy) | $42.03 | M | 2000 | Disposed | 2034-01-24 | Class A Common Stock (2000) | Direct |
| 2025-11-03 | Stock Options (Right to Buy) | $51.97 | M | 750 | Disposed | 2034-02-13 | Class A Common Stock (750) | 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 August 5, 2024.
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 $304.52, inclusive.
F5: This transaction was executed in multiple trades at prices ranging from $308.00 to $308.86, inclusive.
F6: This transaction was executed in multiple trades at prices ranging from $309.42 to $310.17, inclusive.
F7: This transaction was executed in multiple trades at prices ranging from $310.53 to $311.43, inclusive.
F8: This transaction was executed in multiple trades at prices ranging from $311.53 to $312.46, inclusive.
F9: This transaction was executed in multiple trades at prices ranging from $312.53 to $313.35, inclusive.
F10: This transaction was executed in multiple trades at prices ranging from $314.00 to $314.99, inclusive.
F11: This transaction was executed in multiple trades at prices ranging from $315.33 to $316.30, inclusive.
F12: This transaction was executed in multiple trades at prices ranging from $316.37 to $317.23, inclusive.
F13: This transaction was executed in multiple trades at prices ranging from $317.41 to $318.06, inclusive.
F14: This transaction was executed in multiple trades at prices ranging from $319.83 to $320.78, inclusive.
F15: This transaction was executed in multiple trades at prices ranging from $320.83 to $321.22, inclusive.
F16: This transaction was executed in multiple trades at prices ranging from $323.39 to $324.37, inclusive.
F17: This transaction was executed in multiple trades at prices ranging from $324.56 to $325.50, inclusive.
F18: This transaction was executed in multiple trades at prices ranging from $325.56 to $326.47, inclusive.
F19: This transaction was executed in multiple trades at prices ranging from $326.60 to $327.56 inclusive.
F20: This transaction was executed in multiple trades at prices ranging from $327.71 to $328.70, inclusive.
F21: This transaction was executed in multiple trades at prices ranging from $328.75 to $329.74, inclusive.
F22: This transaction was executed in multiple trades at prices ranging from $329.85 to $330.77, inclusive.
F23: This transaction was executed in multiple trades at prices ranging from $331.09 to $331.80, inclusive.
F24: This transaction was executed in multiple trades at prices ranging from $332.10 to $333.05, inclusive.
F25: This transaction was executed in multiple trades at prices ranging from $333.15 to $334.08, inclusive.
F26: This transaction was executed in multiple trades at prices ranging from $334.17 to $334.52, 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.
F28: 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, 2025 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.