CARVANA CO. — Director's Dealing 2026

Jan 6, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARVANA CO. (CVNA)
CIK: 0001690820
Period of Report: 2026-01-01

Reporting Person: JENKINS MARK W. (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-01-01	Class A Common Stock	F	887	$422.02	Disposed	204036	Direct
2026-01-02	Class A Common Stock	M	10000	$10.07	Acquired	214036	Direct
2026-01-02	Class A Common Stock	M	2000	$42.03	Acquired	216036	Direct
2026-01-02	Class A Common Stock	M	750	$51.97	Acquired	216786	Direct
2026-01-02	Class A Common Stock	S	280	$391.79	Disposed	216506	Direct
2026-01-02	Class A Common Stock	S	440	$392.62	Disposed	216066	Direct
2026-01-02	Class A Common Stock	S	370	$393.77	Disposed	215696	Direct
2026-01-02	Class A Common Stock	S	600	$395.13	Disposed	215096	Direct
2026-01-02	Class A Common Stock	S	600	$396.08	Disposed	214496	Direct
2026-01-02	Class A Common Stock	S	701	$397.27	Disposed	213795	Direct
2026-01-02	Class A Common Stock	S	680	$398.40	Disposed	213115	Direct
2026-01-02	Class A Common Stock	S	1760	$399.35	Disposed	211355	Direct
2026-01-02	Class A Common Stock	S	1517	$400.46	Disposed	209838	Direct
2026-01-02	Class A Common Stock	S	1120	$401.62	Disposed	208718	Direct
2026-01-02	Class A Common Stock	S	832	$402.44	Disposed	207886	Direct
2026-01-02	Class A Common Stock	S	332	$403.53	Disposed	207554	Direct
2026-01-02	Class A Common Stock	S	320	$404.54	Disposed	207234	Direct
2026-01-02	Class A Common Stock	S	200	$405.52	Disposed	207034	Direct
2026-01-02	Class A Common Stock	S	120	$407.14	Disposed	206914	Direct
2026-01-02	Class A Common Stock	S	90	$409.07	Disposed	206824	Direct
2026-01-02	Class A Common Stock	S	150	$410.13	Disposed	206674	Direct
2026-01-02	Class A Common Stock	S	200	$411.68	Disposed	206474	Direct
2026-01-02	Class A Common Stock	S	200	$413.16	Disposed	206274	Direct
2026-01-02	Class A Common Stock	S	368	$414.27	Disposed	205906	Direct
2026-01-02	Class A Common Stock	S	280	$415.21	Disposed	205626	Direct
2026-01-02	Class A Common Stock	S	160	$416.26	Disposed	205466	Direct
2026-01-02	Class A Common Stock	S	360	$417.85	Disposed	205106	Direct
2026-01-02	Class A Common Stock	S	120	$418.58	Disposed	204986	Direct
2026-01-02	Class A Common Stock	S	950	$419.53	Disposed	204036	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2026-01-02	Stock Options (Right to Buy)	$10.07	M	10000	Disposed	2033-02-22	Class A Common Stock (10000)	Direct
2026-01-02	Stock Options (Right to Buy)	$42.03	M	2000	Disposed	2034-01-24	Class A Common Stock (2000)	Direct
2026-01-02	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 $391.19 to $392.08, inclusive.

F5: This transaction was executed in multiple trades at prices ranging from $392.19 to $393.06, inclusive.

F6: This transaction was executed in multiple trades at prices ranging from $393.35 to $394.27, inclusive.

F7: This transaction was executed in multiple trades at prices ranging from $394.60 to $395.56, inclusive.

F8: This transaction was executed in multiple trades at prices ranging from $395.79 to $396.54, inclusive.

F9: This transaction was executed in multiple trades at prices ranging from $396.85 to $397.78 inclusive.

F10: This transaction was executed in multiple trades at prices ranging from $397.91 to $398.88, inclusive.

F11: This transaction was executed in multiple trades at prices ranging from $398.92 to $399.86, inclusive.

F12: This transaction was executed in multiple trades at prices ranging from $399.96 to $400.93, inclusive.

F13: This transaction was executed in multiple trades at prices ranging from $400.97 to $401.95, inclusive.

F14: This transaction was executed in multiple trades at prices ranging from $401.99 to $402.98, inclusive.

F15: This transaction was executed in multiple trades at prices ranging from $403.06 to $403.97, inclusive.

F16: This transaction was executed in multiple trades at prices ranging from $404.07 to $405.03, inclusive.

F17: This transaction was executed in multiple trades at prices ranging from $405.13 to $405.79, inclusive.

F18: This transaction was executed in multiple trades at prices ranging from $407.13 to $407.16, inclusive.

F19: This transaction was executed in multiple trades at prices ranging from $408.59 to $409.52, inclusive.

F20: This transaction was executed in multiple trades at prices ranging from $409.74 to $410.36, inclusive.

F21: This transaction was executed in multiple trades at prices ranging from $411.54 to $411.90, inclusive.

F22: This transaction was executed in multiple trades at prices ranging from $412.86 to $413.79, inclusive.

F23: This transaction was executed in multiple trades at prices ranging from $413.93 to $414.66, inclusive.

F24: This transaction was executed in multiple trades at prices ranging from $414.94 to $415.79, inclusive.

F25: This transaction was executed in multiple trades at prices ranging from $416.17 to $416.35, inclusive.

F26: This transaction was executed in multiple trades at prices ranging from $417.18 to $418.17, inclusive.

F27: This transaction was executed in multiple trades at prices ranging from $418.38 to $418.97, inclusive.

F28: This transaction was executed in multiple trades at prices ranging from $419.43 to $420.15, inclusive.

F29: 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.

F30: 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.