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CARVANA CO. — Director's Dealing 2025
Aug 4, 2025
30038_dirs_2025-08-04_57467a58-01b1-47b8-a5c1-1b82ed5d0a69.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: 2025-07-31
Reporting Person: GILL DANIEL J. (Chief Product Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-07-31 | Class A Common Stock | M | 15058 | $10.07 | Acquired | 212890 | Direct |
| 2025-07-31 | Class A Common Stock | M | 24942 | $88.62 | Acquired | 237832 | Direct |
| 2025-07-31 | Class A Common Stock | M | 31679 | $126.40 | Acquired | 269511 | Direct |
| 2025-07-31 | Class A Common Stock | M | 8321 | $296.05 | Acquired | 277832 | Direct |
| 2025-07-31 | Class A Common Stock | S | 12570 | $393.72 | Disposed | 265262 | Direct |
| 2025-07-31 | Class A Common Stock | S | 900 | $398.25 | Disposed | 264362 | Direct |
| 2025-07-31 | Class A Common Stock | S | 9454 | $399.31 | Disposed | 254908 | Direct |
| 2025-07-31 | Class A Common Stock | S | 57076 | $400 | Disposed | 197832 | Direct |
| 2025-08-01 | Class A Common Stock | F | 1371 | $367.78 | Disposed | 196461 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-07-31 | Stock Options (Right to Buy) | $10.07 | M | 15058 | Disposed | 2033-02-22 | Class A Common Stock (15058) | Direct |
| 2025-07-31 | Stock Options (Right to Buy) | $88.62 | M | 24942 | Disposed | 2030-02-14 | Class A Common Stock (24942) | Direct |
| 2025-07-31 | Stock Options (Right to Buy) | $126.40 | M | 31679 | Disposed | 2032-02-21 | Class A Common Stock (31679) | Direct |
| 2025-07-31 | Stock Options (Right to Buy) | $296.05 | M | 8321 | Disposed | 2031-02-17 | Class A Common Stock (8321) | Direct |
Footnotes
F1: 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").
F2: This transaction was executed in multiple trades at prices ranging from $397.68 to $398.64, 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: This transaction was executed in multiple trades at prices ranging from $398.88 to $399.52, 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.
F4: This transaction was executed in multiple trades at prices ranging from $399.99 to $400.00, 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.
F5: 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.
F6: 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.
F7: 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, 2021 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.
F8: 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, 2023 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.
F9: 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, 2022 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.