CARVANA CO. — Director's Dealing 2025

Oct 3, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARVANA CO. (CVNA)
CIK: 0001690820
Period of Report: 2025-10-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-10-01	Class A Common Stock	F	1219	$395.41	Disposed	103197	Direct
2025-10-01	Class A Common Stock	M	10000	$10.07	Acquired	113197	Direct
2025-10-01	Class A Common Stock	S	400	$379.97	Disposed	112797	Direct
2025-10-01	Class A Common Stock	S	200	$381.34	Disposed	112597	Direct
2025-10-01	Class A Common Stock	S	312	$382.83	Disposed	112285	Direct
2025-10-01	Class A Common Stock	S	788	$384.29	Disposed	111497	Direct
2025-10-01	Class A Common Stock	S	837	$385.24	Disposed	110660	Direct
2025-10-01	Class A Common Stock	S	900	$386.31	Disposed	109760	Direct
2025-10-01	Class A Common Stock	S	800	$387.21	Disposed	108960	Direct
2025-10-01	Class A Common Stock	S	500	$388.55	Disposed	108460	Direct
2025-10-01	Class A Common Stock	S	982	$390.15	Disposed	107478	Direct
2025-10-01	Class A Common Stock	S	887	$390.96	Disposed	106591	Direct
2025-10-01	Class A Common Stock	S	700	$392.15	Disposed	105891	Direct
2025-10-01	Class A Common Stock	S	578	$393.55	Disposed	105313	Direct
2025-10-01	Class A Common Stock	S	800	$394.48	Disposed	104513	Direct
2025-10-01	Class A Common Stock	S	1216	$395.47	Disposed	103297	Direct
2025-10-01	Class A Common Stock	S	100	$396.76	Disposed	103197	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-10-01	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 $379.67 to $380.38, inclusive.

F5: This transaction was executed in multiple trades at prices ranging from $381.11 to $381.56, inclusive.

F6: This transaction was executed in multiple trades at prices ranging from $382.62 to $383.46, inclusive.

F7: This transaction was executed in multiple trades at prices ranging from $383.71 to $384.67, inclusive.

F8: This transaction was executed in multiple trades at prices ranging from $384.78 to $385.73, inclusive.

F9: This transaction was executed in multiple trades at prices ranging from $385.86 to $386.73, inclusive.

F10: This transaction was executed in multiple trades at prices ranging from $386.88 to $387.75, inclusive.

F11: This transaction was executed in multiple trades at prices ranging from $388.31 to $389.11, inclusive.

F12: This transaction was executed in multiple trades at prices ranging from $389.63 to $390.62, inclusive.

F13: This transaction was executed in multiple trades at prices ranging from $390.63 to $391.60, inclusive.

F14: This transaction was executed in multiple trades at prices ranging from $391.69 to $392.60, inclusive.

F15: This transaction was executed in multiple trades at prices ranging from $392.94 to $393.84, inclusive.

F16: This transaction was executed in multiple trades at prices ranging from $393.97 to $394.93, inclusive.

F17: This transaction was executed in multiple trades at prices ranging from $395.13 to $395.81, inclusive.

F18: 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.