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CARVANA CO. — Director's Dealing 2025
Aug 22, 2025
30038_dirs_2025-08-22_9ff19d88-ee98-411c-af2d-92c8797d2d45.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: 2025-08-21
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 |
|---|---|---|---|---|---|---|---|
| 2025-08-21 | Class A Common Stock | S | 150 | $333.24 | Disposed | 521290 | Indirect |
| 2025-08-21 | Class A Common Stock | S | 150 | $333.24 | Disposed | 621290 | Indirect |
| 2025-08-21 | Class A Common Stock | S | 150 | $334.21 | Disposed | 521140 | Indirect |
| 2025-08-21 | Class A Common Stock | S | 150 | $334.21 | Disposed | 621140 | Indirect |
| 2025-08-21 | Class A Common Stock | S | 350 | $335.44 | Disposed | 520790 | Indirect |
| 2025-08-21 | Class A Common Stock | S | 350 | $335.44 | Disposed | 620790 | Indirect |
| 2025-08-21 | Class A Common Stock | S | 800 | $336.83 | Disposed | 519990 | Indirect |
| 2025-08-21 | Class A Common Stock | S | 800 | $336.83 | Disposed | 619990 | Indirect |
| 2025-08-21 | Class A Common Stock | S | 600 | $337.80 | Disposed | 519390 | Indirect |
| 2025-08-21 | Class A Common Stock | S | 600 | $337.80 | Disposed | 619390 | Indirect |
| 2025-08-21 | Class A Common Stock | S | 1447 | $339.01 | Disposed | 517943 | Indirect |
| 2025-08-21 | Class A Common Stock | S | 1447 | $339.01 | Disposed | 617943 | Indirect |
| 2025-08-21 | Class A Common Stock | S | 1303 | $339.97 | Disposed | 516640 | Indirect |
| 2025-08-21 | Class A Common Stock | S | 1303 | $339.97 | Disposed | 616640 | Indirect |
| 2025-08-21 | Class A Common Stock | S | 200 | $340.74 | Disposed | 516440 | Indirect |
| 2025-08-21 | Class A Common Stock | S | 200 | $340.74 | Disposed | 616440 | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 923155 | 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: This transaction was executed in multiple trades at prices ranging from $332.97 to $333.91 inclusive. 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: 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.
F4: 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.
F5: This transaction was executed in multiple trades at prices ranging from $334.02 to $334.33 inclusive. 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.
F6: This transaction was executed in multiple trades at prices ranging from $335.03 to $335.99, inclusive. 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.
F7: This transaction was executed in multiple trades at prices ranging from $336.34 to $337.23 inclusive. 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.
F8: This transaction was executed in multiple trades at prices ranging from $337.36 to $338.35 inclusive. 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.
F9: This transaction was executed in multiple trades at prices ranging from $338.46 to $339.46, inclusive. 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.
F10: This transaction was executed in multiple trades at prices ranging from $339.47 to $340.46, inclusive. 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.
F11: This transaction was executed in multiple trades at prices ranging from $340.49 to $340.99 inclusive. 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.