Carvana (CVNA) 4: HUSTON BENJAMIN E. sold 1,220 shares of Class A Common Stoc… (Mar 3, 2026)

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-03-01 10b5-1 Pre-arranged Plan: Yes --- Issuer --- Name: CARVANA CO. (CVNA) CIK: 0001690820 --- Reporting Owner --- Name: HUSTON BENJAMIN E. CIK: 0001700537 Role: Officer (Chief Operating Officer) --- Non-Derivative Transactions --- [Transaction #1] Security: Class A Common Stock Date: 2026-03-01 | Code: F (Payment of exercise/tax) Shares: -1,220 | Price: $334.16 Total Value: $407,675.20 Shares Owned After: 97,432 | 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: 2026-03-02 | Code: M (Exercise of derivative) Shares: +10,000 | Price: $10.07 Total Value: $100,700.00 Shares Owned After: 107,432 | 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 December 13, 2024 (the "10b5-1 Plan"). [Transaction #3] Security: Class A Common Stock Date: 2026-03-02 | Code: S (Open market sale) Shares: -440 | Price: $318.12 Total Value: $139,972.80 Shares Owned After: 106,992 | 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 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 $317.57 to $318.56, inclusive. [Transaction #4] Security: Class A Common Stock Date: 2026-03-02 | Code: S (Open market sale) Shares: -520 | Price: $319.11 Total Value: $165,937.20 Shares Owned After: 106,472 | 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 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. [F5] This transaction was executed in multiple trades at prices ranging from $318.59 to $319.56, inclusive. [Transaction #5] Security: Class A Common Stock Date: 2026-03-02 | Code: S (Open market sale) Shares: -974 | Price: $320.15 Total Value: $311,826.10 Shares Owned After: 105,498 | 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 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. [F6] This transaction was executed in multiple trades at prices ranging from $319.65 to $320.63 inclusive. [Transaction #6] Security: Class A Common Stock Date: 2026-03-02 | Code: S (Open market sale) Shares: -983 | Price: $321.17 Total Value: $315,710.11 Shares Owned After: 104,515 | 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 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. [F7] This transaction was executed in multiple trades at prices ranging from $320.71 to $321.70, inclusive. [Transaction #7] Security: Class A Common Stock Date: 2026-03-02 | Code: S (Open market sale) Shares: -1,715 | Price: $322.30 Total Value: $552,744.50 Shares Owned After: 102,800 | 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 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. [F8] This transaction was executed in multiple trades at prices ranging from $321.71 to $322.70, inclusive. [Transaction #8] Security: Class A Common Stock Date: 2026-03-02 | Code: S (Open market sale) Shares: -2,168 | Price: $323.16 Total Value: $700,610.88 Shares Owned After: 100,632 | 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 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. [F9] This transaction was executed in multiple trades at prices ranging from $322.71 to $323.70, inclusive. [Transaction #9] Security: Class A Common Stock Date: 2026-03-02 | Code: S (Open market sale) Shares: -1,400 | Price: $324.14 Total Value: $453,796.00 Shares Owned After: 99,232 | 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 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. [F10] This transaction was executed in multiple trades at prices ranging from $323.71 to $324.68, inclusive. [Transaction #10] Security: Class A Common Stock Date: 2026-03-02 | Code: S (Open market sale) Shares: -1,280 | Price: $325.15 Total Value: $416,192.00 Shares Owned After: 97,952 | 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 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. [F11] This transaction was executed in multiple trades at prices ranging from $324.73 to $325.71 inclusive. [Transaction #11] Security: Class A Common Stock Date: 2026-03-02 | Code: S (Open market sale) Shares: -440 | Price: $326.57 Total Value: $143,690.80 Shares Owned After: 97,512 | 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 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. [F12] This transaction was executed in multiple trades at prices ranging from $326.20 to $327.18 inclusive. [Transaction #12] Security: Class A Common Stock Date: 2026-03-02 | Code: S (Open market sale) Shares: -80 | Price: $327.47 Total Value: $26,197.60 Shares Owned After: 97,432 | 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 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. [F13] This transaction was executed in multiple trades at prices ranging from $327.20 to $327.74, inclusive. --- Derivative Transactions --- [Transaction #1] Security: Stock Options (Right to Buy) Date: 2026-03-02 | Code: M (Exercise of derivative) Shares: -10,000 | Price: $0.00 Exercisable: N/A | Expires: 2033-02-22 Shares Owned After: 318,513 | 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 December 13, 2024 (the "10b5-1 Plan"). [F14] 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. --- 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 $323.71 to $324.68, inclusive. F11: This transaction was executed in multiple trades at prices ranging from $324.73 to $325.71 inclusive. F12: This transaction was executed in multiple trades at prices ranging from $326.20 to $327.18 inclusive. F13: This transaction was executed in multiple trades at prices ranging from $327.20 to $327.74, inclusive. F14: 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. 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 $317.57 to $318.56, inclusive. F5: This transaction was executed in multiple trades at prices ranging from $318.59 to $319.56, inclusive. F6: This transaction was executed in multiple trades at prices ranging from $319.65 to $320.63 inclusive. F7: This transaction was executed in multiple trades at prices ranging from $320.71 to $321.70, inclusive. F8: This transaction was executed in multiple trades at prices ranging from $321.71 to $322.70, inclusive. F9: This transaction was executed in multiple trades at prices ranging from $322.71 to $323.70, inclusive. --- Signature --- /s/ /s/ Paul Breaux, by Power of Attorney for Benjamin E. Huston (2026-03-03)