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CARVANA CO. — Director's Dealing 2025
Oct 2, 2025
30038_dirs_2025-10-01_1dba0060-dd6e-48d9-a026-e40a9661d48e.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: 2025-09-30
Reporting Person: GARCIA ERNEST C. III (Director, Chief Executive Officer, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-09-30 | Class A Common Stock | S | 114 | $387.06 | Disposed | 381623 | Indirect |
| 2025-09-30 | Class A Common Stock | S | 114 | $387.06 | Disposed | 481623 | Indirect |
| 2025-09-30 | Class A Common Stock | S | 1 | $387.98 | Disposed | 381622 | Indirect |
| 2025-09-30 | Class A Common Stock | S | 1 | $388.98 | Disposed | 481622 | Indirect |
| 2025-09-30 | Class A Common Stock | S | 1 | $389.28 | Disposed | 381621 | Indirect |
| 2025-09-30 | Class A Common Stock | S | 1 | $390.43 | Disposed | 481621 | Indirect |
| 2025-09-30 | Class A Common Stock | S | 101 | $390.44 | Disposed | 381520 | Indirect |
| 2025-09-30 | Class A Common Stock | S | 100 | $390.54 | Disposed | 481521 | Indirect |
| 2025-09-30 | Class A Common Stock | S | 80 | $392.18 | Disposed | 381440 | Indirect |
| 2025-09-30 | Class A Common Stock | S | 81 | $392.43 | Disposed | 481440 | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 921926 | Direct |
Footnotes
F1: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.
F2: 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.
F3: This transaction was executed in multiple trades at prices ranging from $386.66 to $387.51, inclusive.
F4: These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust.
F5: These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee
and Co-Administrative Trustee of the Multi-Generational Trust.
F6: This transaction was executed in multiple trades at prices ranging from $390.44 to $390.45 inclusive.
F7: This transaction was executed in multiple trades at prices ranging from $391.62 to $392.43, inclusive.