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: HUSTON BENJAMIN E. (Chief Operating 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	99871	Direct
2026-01-02	Class A Common Stock	M	10000	$10.07	Acquired	109871	Direct
2026-01-02	Class A Common Stock	S	360	$391.75	Disposed	109511	Direct
2026-01-02	Class A Common Stock	S	240	$392.73	Disposed	109271	Direct
2026-01-02	Class A Common Stock	S	240	$393.62	Disposed	109031	Direct
2026-01-02	Class A Common Stock	S	440	$394.99	Disposed	108591	Direct
2026-01-02	Class A Common Stock	S	600	$396.06	Disposed	107991	Direct
2026-01-02	Class A Common Stock	S	480	$397.08	Disposed	107511	Direct
2026-01-02	Class A Common Stock	S	574	$398.15	Disposed	106937	Direct
2026-01-02	Class A Common Stock	S	1301	$399.13	Disposed	105636	Direct
2026-01-02	Class A Common Stock	S	1256	$400.15	Disposed	104380	Direct
2026-01-02	Class A Common Stock	S	764	$401.22	Disposed	103616	Direct
2026-01-02	Class A Common Stock	S	1014	$402.09	Disposed	102602	Direct
2026-01-02	Class A Common Stock	S	348	$403.24	Disposed	102254	Direct
2026-01-02	Class A Common Stock	S	240	$404.12	Disposed	102014	Direct
2026-01-02	Class A Common Stock	S	280	$405.16	Disposed	101734	Direct
2026-01-02	Class A Common Stock	S	120	$407.02	Disposed	101614	Direct
2026-01-02	Class A Common Stock	S	200	$410.06	Disposed	101414	Direct
2026-01-02	Class A Common Stock	S	80	$411.71	Disposed	101334	Direct
2026-01-02	Class A Common Stock	S	280	$413.24	Disposed	101054	Direct
2026-01-02	Class A Common Stock	S	280	$414.24	Disposed	100774	Direct
2026-01-02	Class A Common Stock	S	240	$415.13	Disposed	100534	Direct
2026-01-02	Class A Common Stock	S	103	$416.24	Disposed	100431	Direct
2026-01-02	Class A Common Stock	S	360	$417.78	Disposed	100071	Direct
2026-01-02	Class A Common Stock	S	160	$418.72	Disposed	99911	Direct
2026-01-02	Class A Common Stock	S	40	$419.60	Disposed	99871	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

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 $391.21 to $392.19 inclusive.

F5: This transaction was executed in multiple trades at prices ranging from $392.22 to $393.08, inclusive.

F6: This transaction was executed in multiple trades at prices ranging from $393.30 to $394.22 inclusive.

F7: This transaction was executed in multiple trades at prices ranging from $394.48 to $395.47, inclusive.

F8: This transaction was executed in multiple trades at prices ranging from $395.63 to $396.62, inclusive.

F9: This transaction was executed in multiple trades at prices ranging from $396.63 to $397.50 inclusive.

F10: This transaction was executed in multiple trades at prices ranging from $397.64 to $398.63, inclusive.

F11: This transaction was executed in multiple trades at prices ranging from $398.64 to $399.62, inclusive.

F12: This transaction was executed in multiple trades at prices ranging from $399.64 to $400.60, inclusive.

F13: This transaction was executed in multiple trades at prices ranging from $400.69 to $401.67 inclusive.

F14: This transaction was executed in multiple trades at prices ranging from $401.70 to $402.67, inclusive.

F15: This transaction was executed in multiple trades at prices ranging from $402.73 to $403.68, inclusive.

F16: This transaction was executed in multiple trades at prices ranging from $403.73 to $404.63, inclusive.

F17: This transaction was executed in multiple trades at prices ranging from $404.83 to $405.46, inclusive.

F18: This transaction was executed in multiple trades at prices ranging from $406.77 to $407.14, inclusive.

F19: This transaction was executed in multiple trades at prices ranging from $409.46 to $410.37, inclusive.

F20: This transaction was executed in multiple trades at prices ranging from $411.53 to $411.88, inclusive.

F21: This transaction was executed in multiple trades at prices ranging from $412.86 to $413.80, inclusive.

F22: This transaction was executed in multiple trades at prices ranging from $413.89 to $414.66, inclusive.

F23: This transaction was executed in multiple trades at prices ranging from $414.94 to $415.65, inclusive.

F24: This transaction was executed in multiple trades at prices ranging from $416.16 to $416.34, inclusive.

F25: This transaction was executed in multiple trades at prices ranging from $417.18 to $418.17, inclusive.

F26: This transaction was executed in multiple trades at prices ranging from $418.27 to $419.17, inclusive.

F27: 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.