Carvana (CVNA) 4: JENKINS MARK W. sold 4,508 shares of Class A Common Stock a… (Apr 3, 2026)

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-04-01 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: 2026-04-01 | Code: F (Payment of exercise/tax) Shares: -4,508 | Price: $312.09 Total Value: $1,406,901.72 Shares Owned After: 197,089 | Ownership: D (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. [Transaction #2] Security: Class A Common Stock Date: 2026-04-01 | Code: M (Exercise of derivative) Shares: +10,000 | Price: $10.07 Total Value: $100,700.00 Shares Owned After: 207,089 | Ownership: D (Direct) Footnotes: [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. [Transaction #3] Security: Class A Common Stock Date: 2026-04-01 | Code: M (Exercise of derivative) Shares: +2,000 | Price: $42.03 Total Value: $84,060.00 Shares Owned After: 209,089 | Ownership: D (Direct) Footnotes: [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. [Transaction #4] Security: Class A Common Stock Date: 2026-04-01 | Code: M (Exercise of derivative) Shares: +750 | Price: $51.97 Total Value: $38,977.50 Shares Owned After: 209,839 | Ownership: D (Direct) Footnotes: [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. [Transaction #5] Security: Class A Common Stock Date: 2026-04-01 | Code: S (Open market sale) Shares: -200 | Price: $295.84 Total Value: $59,168.00 Shares Owned After: 209,639 | Ownership: D (Direct) Footnotes: [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 $295.41 to $296.23 inclusive. [Transaction #6] Security: Class A Common Stock Date: 2026-04-01 | Code: S (Open market sale) Shares: -160 | Price: $296.88 Total Value: $47,500.80 Shares Owned After: 209,479 | Ownership: D (Direct) Footnotes: [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. [F5] This transaction was executed in multiple trades at prices ranging from $296.55 to $297.29, inclusive. [Transaction #7] Security: Class A Common Stock Date: 2026-04-01 | Code: S (Open market sale) Shares: -120 | Price: $298.75 Total Value: $35,850.00 Shares Owned After: 209,359 | Ownership: D (Direct) Footnotes: [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. [F6] This transaction was executed in multiple trades at prices ranging from $298.47 to $299.27, inclusive. [Transaction #8] Security: Class A Common Stock Date: 2026-04-01 | Code: S (Open market sale) Shares: -280 | Price: $300.36 Total Value: $84,100.80 Shares Owned After: 209,079 | Ownership: D (Direct) Footnotes: [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. [F7] This transaction was executed in multiple trades at prices ranging from $299.85 to $300.45, inclusive. [Transaction #9] Security: Class A Common Stock Date: 2026-04-01 | Code: S (Open market sale) Shares: -280 | Price: $301.53 Total Value: $84,428.40 Shares Owned After: 208,799 | Ownership: D (Direct) Footnotes: [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. [F8] This transaction was executed in multiple trades at prices ranging from $300.94 to $301.90 inclusive. [Transaction #10] Security: Class A Common Stock Date: 2026-04-01 | Code: S (Open market sale) Shares: -663 | Price: $302.41 Total Value: $200,497.83 Shares Owned After: 208,136 | Ownership: D (Direct) Footnotes: [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. [F9] This transaction was executed in multiple trades at prices ranging from $302.09 to $303.06 inclusive. [Transaction #11] Security: Class A Common Stock Date: 2026-04-01 | Code: S (Open market sale) Shares: -177 | Price: $303.81 Total Value: $53,774.37 Shares Owned After: 207,959 | Ownership: D (Direct) Footnotes: [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. [F10] This transaction was executed in multiple trades at prices ranging from $303.28 to $304.23 inclusive. [Transaction #12] Security: Class A Common Stock Date: 2026-04-01 | Code: S (Open market sale) Shares: -280 | Price: $305.01 Total Value: $85,402.80 Shares Owned After: 207,679 | Ownership: D (Direct) Footnotes: [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. [F11] This transaction was executed in multiple trades at prices ranging from $304.47 to $305.30, inclusive. [Transaction #13] Security: Class A Common Stock Date: 2026-04-01 | Code: S (Open market sale) Shares: -120 | Price: $306.74 Total Value: $36,808.80 Shares Owned After: 207,559 | Ownership: D (Direct) Footnotes: [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. [F12] This transaction was executed in multiple trades at prices ranging from $306.17 to $307.12, inclusive. [Transaction #14] Security: Class A Common Stock Date: 2026-04-01 | Code: S (Open market sale) Shares: -600 | Price: $307.72 Total Value: $184,632.00 Shares Owned After: 206,959 | Ownership: D (Direct) Footnotes: [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. [F13] This transaction was executed in multiple trades at prices ranging from $307.20 to $308.16 inclusive. [Transaction #15] Security: Class A Common Stock Date: 2026-04-01 | Code: S (Open market sale) Shares: -920 | Price: $308.71 Total Value: $284,013.20 Shares Owned After: 206,039 | Ownership: D (Direct) Footnotes: [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. [F14] This transaction was executed in multiple trades at prices ranging from $308.22 to $309.17 inclusive. [Transaction #16] Security: Class A Common Stock Date: 2026-04-01 | Code: S (Open market sale) Shares: -760 | Price: $309.69 Total Value: $235,364.40 Shares Owned After: 205,279 | Ownership: D (Direct) Footnotes: [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. [F15] This transaction was executed in multiple trades at prices ranging from $309.23 to $310.19 inclusive. [Transaction #17] Security: Class A Common Stock Date: 2026-04-01 | Code: S (Open market sale) Shares: -1,174 | Price: $310.78 Total Value: $364,855.72 Shares Owned After: 204,105 | Ownership: D (Direct) Footnotes: [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. [F16] This transaction was executed in multiple trades at prices ranging from $310.25 to $311.21 inclusive. [Transaction #18] Security: Class A Common Stock Date: 2026-04-01 | Code: S (Open market sale) Shares: -2,929 | Price: $311.72 Total Value: $913,027.88 Shares Owned After: 201,176 | Ownership: D (Direct) Footnotes: [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. [F17] This transaction was executed in multiple trades at prices ranging from $311.25 to $312.24 inclusive. [Transaction #19] Security: Class A Common Stock Date: 2026-04-01 | Code: S (Open market sale) Shares: -1,017 | Price: $312.79 Total Value: $318,107.43 Shares Owned After: 200,159 | Ownership: D (Direct) Footnotes: [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. [F18] This transaction was executed in multiple trades at prices ranging from $312.30 to $313.25 inclusive. [Transaction #20] Security: Class A Common Stock Date: 2026-04-01 | Code: S (Open market sale) Shares: -1,000 | Price: $313.80 Total Value: $313,800.00 Shares Owned After: 199,159 | Ownership: D (Direct) Footnotes: [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. [F19] This transaction was executed in multiple trades at prices ranging from $313.32 to $314.29 inclusive. [Transaction #21] Security: Class A Common Stock Date: 2026-04-01 | Code: S (Open market sale) Shares: -572 | Price: $314.80 Total Value: $180,065.60 Shares Owned After: 198,587 | Ownership: D (Direct) Footnotes: [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. [F13] This transaction was executed in multiple trades at prices ranging from $307.20 to $308.16 inclusive. [Transaction #22] Security: Class A Common Stock Date: 2026-04-01 | Code: S (Open market sale) Shares: -388 | Price: $315.88 Total Value: $122,561.44 Shares Owned After: 198,199 | Ownership: D (Direct) Footnotes: [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. [F20] This transaction was executed in multiple trades at prices ranging from $315.37 to $316.32 inclusive. [Transaction #23] Security: Class A Common Stock Date: 2026-04-01 | Code: S (Open market sale) Shares: -40 | Price: $316.38 Total Value: $12,655.20 Shares Owned After: 198,159 | Ownership: D (Direct) Footnotes: [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. [Transaction #24] Security: Class A Common Stock Date: 2026-04-01 | Code: S (Open market sale) Shares: -910 | Price: $317.61 Total Value: $289,025.10 Shares Owned After: 197,249 | Ownership: D (Direct) Footnotes: [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. [F21] This transaction was executed in multiple trades at prices ranging from $317.50 to $318.47 inclusive. [Transaction #25] Security: Class A Common Stock Date: 2026-04-01 | Code: S (Open market sale) Shares: -80 | Price: $320.27 Total Value: $25,621.60 Shares Owned After: 197,169 | Ownership: D (Direct) Footnotes: [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. [F22] This transaction was executed in multiple trades at prices ranging from $320.05 to $320.49 inclusive. [Transaction #26] Security: Class A Common Stock Date: 2026-04-01 | Code: S (Open market sale) Shares: -80 | Price: $321.05 Total Value: $25,684.00 Shares Owned After: 197,089 | Ownership: D (Direct) Footnotes: [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. --- Derivative Transactions --- [Transaction #1] Security: Stock Options (Right to Buy) Date: 2026-04-01 | Code: M (Exercise of derivative) Shares: -10,000 | Price: $0.00 Exercisable: N/A | Expires: 2033-02-22 Shares Owned After: 138,513 | Ownership: D (Direct) Footnotes: [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. [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: 2026-04-01 | Code: M (Exercise of derivative) Shares: -2,000 | Price: $0.00 Exercisable: N/A | Expires: 2034-01-24 Shares Owned After: 48,703 | Ownership: D (Direct) Footnotes: [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. [F24] 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. [Transaction #3] Security: Stock Options (Right to Buy) Date: 2026-04-01 | Code: M (Exercise of derivative) Shares: -750 | Price: $0.00 Exercisable: N/A | Expires: 2034-02-13 Shares Owned After: 18,596 | Ownership: D (Direct) Footnotes: [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. [F24] 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. --- Footnotes (Complete Index) --- 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. F10: This transaction was executed in multiple trades at prices ranging from $303.28 to $304.23 inclusive. F11: This transaction was executed in multiple trades at prices ranging from $304.47 to $305.30, inclusive. F12: This transaction was executed in multiple trades at prices ranging from $306.17 to $307.12, inclusive. F13: This transaction was executed in multiple trades at prices ranging from $307.20 to $308.16 inclusive. F14: This transaction was executed in multiple trades at prices ranging from $308.22 to $309.17 inclusive. F15: This transaction was executed in multiple trades at prices ranging from $309.23 to $310.19 inclusive. F16: This transaction was executed in multiple trades at prices ranging from $310.25 to $311.21 inclusive. F17: This transaction was executed in multiple trades at prices ranging from $311.25 to $312.24 inclusive. F18: This transaction was executed in multiple trades at prices ranging from $312.30 to $313.25 inclusive. F19: This transaction was executed in multiple trades at prices ranging from $313.32 to $314.29 inclusive. 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. F20: This transaction was executed in multiple trades at prices ranging from $315.37 to $316.32 inclusive. F21: This transaction was executed in multiple trades at prices ranging from $317.50 to $318.47 inclusive. F22: This transaction was executed in multiple trades at prices ranging from $320.05 to $320.49 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 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. 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 $295.41 to $296.23 inclusive. F5: This transaction was executed in multiple trades at prices ranging from $296.55 to $297.29, inclusive. F6: This transaction was executed in multiple trades at prices ranging from $298.47 to $299.27, inclusive. F7: This transaction was executed in multiple trades at prices ranging from $299.85 to $300.45, inclusive. F8: This transaction was executed in multiple trades at prices ranging from $300.94 to $301.90 inclusive. F9: This transaction was executed in multiple trades at prices ranging from $302.09 to $303.06 inclusive. --- Signature --- /s/ /s/ Paul Breaux, by Power of Attorney for Mark W. Jenkins (2026-04-03)