Carvana (CVNA) 4: JENKINS MARK W. bought 22,231 shares of Class A Common Stoc… (May 1, 2026)

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-04-29 10b5-1 Pre-arranged Plan: Yes --- Issuer --- Name: CARVANA CO. (CVNA) CIK: 0001690820 --- Reporting Owner --- Name: JENKINS MARK W. CIK: 0001700540 Role: Officer (Chief Financial Officer) --- Non-Derivative Transactions --- [Transaction #1] Security: Class A Common Stock Date: 2026-04-29 | Code: A (Grant or award) Shares: +22,231 | Price: $0.00 Shares Owned After: 219,320 | Ownership: D (Direct) Footnotes: [F1] Represents restricted stock units ("RSUs") granted on January 24, 2024 under the Reporting Person's Performance Restricted Stock Unit Award Agreement between Carvana Co. and the Reporting Person, dated January 24, 2024. The performance condition for the RSUs reported herein has been met, and all RSUs reported herein vested on April 29, 2026. [Transaction #2] Security: Class A Common Stock Date: 2026-04-29 | Code: F (Payment of exercise/tax) Shares: -9,193 | Price: $396.59 Total Value: $3,645,851.87 Shares Owned After: 210,127 | Ownership: D (Direct) Footnotes: [F2] Represents shares of Class A Common Stock of the Issuer withheld for taxes upon vesting of RSUs under the Performance Restricted Stock Unit Award Agreement. [Transaction #3] Security: Class A Common Stock Date: 2026-05-01 | Code: M (Exercise of derivative) Shares: +10,000 | Price: $10.07 Total Value: $100,700.00 Shares Owned After: 220,127 | Ownership: D (Direct) Footnotes: [F3] 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. [Transaction #4] Security: Class A Common Stock Date: 2026-05-01 | Code: M (Exercise of derivative) Shares: +2,000 | Price: $42.03 Total Value: $84,060.00 Shares Owned After: 222,127 | Ownership: D (Direct) Footnotes: [F3] 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. [Transaction #5] Security: Class A Common Stock Date: 2026-05-01 | Code: M (Exercise of derivative) Shares: +750 | Price: $51.97 Total Value: $38,977.50 Shares Owned After: 222,877 | Ownership: D (Direct) Footnotes: [F3] 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. [Transaction #6] Security: Class A Common Stock Date: 2026-05-01 | Code: S (Open market sale) Shares: -440 | Price: $378.56 Total Value: $166,566.40 Shares Owned After: 222,437 | Ownership: D (Direct) Footnotes: [F3] 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. [F4] 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] This transaction was executed in multiple trades at prices ranging from $377.98 to $378.95 inclusive. [Transaction #7] Security: Class A Common Stock Date: 2026-05-01 | Code: S (Open market sale) Shares: -1,120 | Price: $379.53 Total Value: $425,073.60 Shares Owned After: 221,317 | Ownership: D (Direct) Footnotes: [F3] 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. [F4] 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 $379.01 to $380.00 inclusive. [Transaction #8] Security: Class A Common Stock Date: 2026-05-01 | Code: S (Open market sale) Shares: -1,200 | Price: $380.53 Total Value: $456,636.00 Shares Owned After: 220,117 | Ownership: D (Direct) Footnotes: [F3] 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. [F4] 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 $380.04 to $381.03 inclusive. [Transaction #9] Security: Class A Common Stock Date: 2026-05-01 | Code: S (Open market sale) Shares: -840 | Price: $381.36 Total Value: $320,342.40 Shares Owned After: 219,277 | Ownership: D (Direct) Footnotes: [F3] 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. [F4] 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 $381.04 to $381.94 inclusive. [Transaction #10] Security: Class A Common Stock Date: 2026-05-01 | Code: S (Open market sale) Shares: -1,281 | Price: $382.60 Total Value: $490,110.60 Shares Owned After: 217,996 | Ownership: D (Direct) Footnotes: [F3] 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. [F4] 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 $382.19 to $383.11 inclusive. [Transaction #11] Security: Class A Common Stock Date: 2026-05-01 | Code: S (Open market sale) Shares: -480 | Price: $383.70 Total Value: $184,176.00 Shares Owned After: 217,516 | Ownership: D (Direct) Footnotes: [F3] 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. [F4] 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 $383.41 to $384.10 inclusive. [Transaction #12] Security: Class A Common Stock Date: 2026-05-01 | Code: S (Open market sale) Shares: -558 | Price: $385.21 Total Value: $214,947.18 Shares Owned After: 216,958 | Ownership: D (Direct) Footnotes: [F3] 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. [F4] 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 $384.65 to $385.64 inclusive. [Transaction #13] Security: Class A Common Stock Date: 2026-05-01 | Code: S (Open market sale) Shares: -599 | Price: $386.17 Total Value: $231,315.83 Shares Owned After: 216,359 | Ownership: D (Direct) Footnotes: [F3] 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. [F4] 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. [F12] This transaction was executed in multiple trades at prices ranging from $385.69 to $386.64 inclusive. [Transaction #14] Security: Class A Common Stock Date: 2026-05-01 | Code: S (Open market sale) Shares: -441 | Price: $387.23 Total Value: $170,768.43 Shares Owned After: 215,918 | Ownership: D (Direct) Footnotes: [F3] 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. [F4] 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. [F13] This transaction was executed in multiple trades at prices ranging from $386.75 to $387.68 inclusive. [Transaction #15] Security: Class A Common Stock Date: 2026-05-01 | Code: S (Open market sale) Shares: -440 | Price: $388.34 Total Value: $170,869.60 Shares Owned After: 215,478 | Ownership: D (Direct) Footnotes: [F3] 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. [F4] 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. [F14] This transaction was executed in multiple trades at prices ranging from $387.77 to $388.72 inclusive. [Transaction #16] Security: Class A Common Stock Date: 2026-05-01 | Code: S (Open market sale) Shares: -519 | Price: $389.17 Total Value: $201,979.23 Shares Owned After: 214,959 | Ownership: D (Direct) Footnotes: [F3] 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. [F4] 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. [F15] This transaction was executed in multiple trades at prices ranging from $388.80 to $389.73 inclusive. [Transaction #17] Security: Class A Common Stock Date: 2026-05-01 | Code: S (Open market sale) Shares: -722 | Price: $390.33 Total Value: $281,818.26 Shares Owned After: 214,237 | Ownership: D (Direct) Footnotes: [F3] 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. [F4] 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. [F16] This transaction was executed in multiple trades at prices ranging from $389.80 to $390.74 inclusive. [Transaction #18] Security: Class A Common Stock Date: 2026-05-01 | Code: S (Open market sale) Shares: -520 | Price: $391.35 Total Value: $203,502.00 Shares Owned After: 213,717 | Ownership: D (Direct) Footnotes: [F3] 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. [F4] 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. [F17] This transaction was executed in multiple trades at prices ranging from $390.91 to $391.77 inclusive. [Transaction #19] Security: Class A Common Stock Date: 2026-05-01 | Code: S (Open market sale) Shares: -240 | Price: $392.35 Total Value: $94,164.00 Shares Owned After: 213,477 | Ownership: D (Direct) Footnotes: [F3] 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. [F4] 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. [F18] This transaction was executed in multiple trades at prices ranging from $392.08 to $392.70 inclusive. [Transaction #20] Security: Class A Common Stock Date: 2026-05-01 | Code: S (Open market sale) Shares: -160 | Price: $393.44 Total Value: $62,950.40 Shares Owned After: 213,317 | Ownership: D (Direct) Footnotes: [F3] 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. [F4] 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. [F19] This transaction was executed in multiple trades at prices ranging from $393.13 to $393.99 inclusive. [Transaction #21] Security: Class A Common Stock Date: 2026-05-01 | Code: S (Open market sale) Shares: -200 | Price: $394.55 Total Value: $78,910.00 Shares Owned After: 213,117 | Ownership: D (Direct) Footnotes: [F3] 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. [F4] 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. [F20] This transaction was executed in multiple trades at prices ranging from $394.18 to $394.85 inclusive. [Transaction #22] Security: Class A Common Stock Date: 2026-05-01 | Code: S (Open market sale) Shares: -2,790 | Price: $395.33 Total Value: $1,102,970.70 Shares Owned After: 210,327 | Ownership: D (Direct) Footnotes: [F3] 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. [F4] 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. [F21] This transaction was executed in multiple trades at prices ranging from $395.32 to $396.05 inclusive. [Transaction #23] Security: Class A Common Stock Date: 2026-05-01 | Code: S (Open market sale) Shares: -120 | Price: $397.06 Total Value: $47,647.20 Shares Owned After: 210,207 | Ownership: D (Direct) Footnotes: [F3] 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. [F4] 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. [F22] This transaction was executed in multiple trades at prices ranging from $396.78 to $397.43 inclusive. [Transaction #24] Security: Class A Common Stock Date: 2026-05-01 | Code: S (Open market sale) Shares: -40 | Price: $398.05 Total Value: $15,922.00 Shares Owned After: 210,167 | Ownership: D (Direct) Footnotes: [F3] 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. [Transaction #25] Security: Class A Common Stock Date: 2026-05-01 | Code: S (Open market sale) Shares: -40 | Price: $400.04 Total Value: $16,001.60 Shares Owned After: 210,127 | Ownership: D (Direct) Footnotes: [F3] 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. --- Derivative Transactions --- [Transaction #1] Security: Stock Options (Right to Buy) Date: 2026-05-01 | Code: M (Exercise of derivative) Shares: -10,000 | Price: $0.00 Exercisable: N/A | Expires: 2033-02-22 Shares Owned After: 128,513 | Ownership: D (Direct) Footnotes: [F3] 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. [F23] 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. [Transaction #2] Security: Stock Options (Right to Buy) Date: 2026-05-01 | Code: M (Exercise of derivative) Shares: -2,000 | Price: $0.00 Exercisable: N/A | Expires: 2034-01-24 Shares Owned After: 46,703 | Ownership: D (Direct) Footnotes: [F3] 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. [F24] The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vests 25% on April 1, 2025 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer. [Transaction #3] Security: Stock Options (Right to Buy) Date: 2026-05-01 | Code: M (Exercise of derivative) Shares: -750 | Price: $0.00 Exercisable: N/A | Expires: 2034-02-13 Shares Owned After: 17,846 | Ownership: D (Direct) Footnotes: [F3] 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. [F24] The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vests 25% on April 1, 2025 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer. --- Footnotes (Complete Index) --- F1: Represents restricted stock units ("RSUs") granted on January 24, 2024 under the Reporting Person's Performance Restricted Stock Unit Award Agreement between Carvana Co. and the Reporting Person, dated January 24, 2024. The performance condition for the RSUs reported herein has been met, and all RSUs reported herein vested on April 29, 2026. F10: This transaction was executed in multiple trades at prices ranging from $383.41 to $384.10 inclusive. F11: This transaction was executed in multiple trades at prices ranging from $384.65 to $385.64 inclusive. F12: This transaction was executed in multiple trades at prices ranging from $385.69 to $386.64 inclusive. F13: This transaction was executed in multiple trades at prices ranging from $386.75 to $387.68 inclusive. F14: This transaction was executed in multiple trades at prices ranging from $387.77 to $388.72 inclusive. F15: This transaction was executed in multiple trades at prices ranging from $388.80 to $389.73 inclusive. F16: This transaction was executed in multiple trades at prices ranging from $389.80 to $390.74 inclusive. F17: This transaction was executed in multiple trades at prices ranging from $390.91 to $391.77 inclusive. F18: This transaction was executed in multiple trades at prices ranging from $392.08 to $392.70 inclusive. F19: This transaction was executed in multiple trades at prices ranging from $393.13 to $393.99 inclusive. F2: Represents shares of Class A Common Stock of the Issuer withheld for taxes upon vesting of RSUs under the Performance Restricted Stock Unit Award Agreement. F20: This transaction was executed in multiple trades at prices ranging from $394.18 to $394.85 inclusive. F21: This transaction was executed in multiple trades at prices ranging from $395.32 to $396.05 inclusive. F22: This transaction was executed in multiple trades at prices ranging from $396.78 to $397.43 inclusive. F23: 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. F24: The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vests 25% on April 1, 2025 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer. F3: 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. F4: 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: This transaction was executed in multiple trades at prices ranging from $377.98 to $378.95 inclusive. F6: This transaction was executed in multiple trades at prices ranging from $379.01 to $380.00 inclusive. F7: This transaction was executed in multiple trades at prices ranging from $380.04 to $381.03 inclusive. F8: This transaction was executed in multiple trades at prices ranging from $381.04 to $381.94 inclusive. F9: This transaction was executed in multiple trades at prices ranging from $382.19 to $383.11 inclusive. --- Signature --- /s/ /s/ Paul Breaux, by Power of Attorney for Mark W. Jenkins (2026-05-01)