CARVANA CO. (CVNA) · Insider Trading (Form 4) SEC Filing

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-07-01 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: 2026-07-01 | Code: F (Payment of exercise/tax) Shares: -7,014 | Price: $67.87 Total Value: $476,040.18 Shares Owned After: 1,029,580 | 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: 2026-07-01 | Code: M (Exercise of derivative) Shares: +50,000 | Price: $2.01 Total Value: $100,500.00 Shares Owned After: 1,079,580 | 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: 2026-07-01 | Code: M (Exercise of derivative) Shares: +10,000 | Price: $8.41 Total Value: $84,100.00 Shares Owned After: 1,089,580 | 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: 2026-07-01 | Code: M (Exercise of derivative) Shares: +3,750 | Price: $10.39 Total Value: $38,962.50 Shares Owned After: 1,093,330 | 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: 2026-07-01 | Code: S (Open market sale) Shares: -6,710 | Price: $65.18 Total Value: $437,357.80 Shares Owned After: 1,086,620 | 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 $64.73 to $65.70 inclusive. [Transaction #6] Security: Class A Common Stock Date: 2026-07-01 | Code: S (Open market sale) Shares: -4,560 | Price: $66.07 Total Value: $301,279.20 Shares Owned After: 1,082,060 | 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 $65.73 to $66.65 inclusive. [Transaction #7] Security: Class A Common Stock Date: 2026-07-01 | Code: S (Open market sale) Shares: -5,960 | Price: $67.49 Total Value: $402,240.40 Shares Owned After: 1,076,100 | 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 $66.76 to $67.75 inclusive. [Transaction #8] Security: Class A Common Stock Date: 2026-07-01 | Code: S (Open market sale) Shares: -21,130 | Price: $68.14 Total Value: $1,439,798.20 Shares Owned After: 1,054,970 | 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 $67.76 to $68.75 inclusive. [Transaction #9] Security: Class A Common Stock Date: 2026-07-01 | Code: S (Open market sale) Shares: -9,840 | Price: $69.22 Total Value: $681,124.80 Shares Owned After: 1,045,130 | 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 $68.76 to $69.75 inclusive. [Transaction #10] Security: Class A Common Stock Date: 2026-07-01 | Code: S (Open market sale) Shares: -15,550 | Price: $70.43 Total Value: $1,095,186.50 Shares Owned After: 1,029,580 | 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 $69.76 to $70.72 inclusive. --- Derivative Transactions --- [Transaction #1] Security: Stock Options (Right to Buy) Date: 2026-07-01 | Code: M (Exercise of derivative) Shares: -50,000 | Price: $0.00 Exercisable: N/A | Expires: 2033-02-22 Shares Owned After: 542,565 | 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. [F10] 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: 2026-07-01 | Code: M (Exercise of derivative) Shares: -10,000 | Price: $0.00 Exercisable: N/A | Expires: 2034-01-24 Shares Owned After: 213,515 | 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 August 5, 2024. [F11] 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: 2026-07-01 | Code: M (Exercise of derivative) Shares: -3,750 | Price: $0.00 Exercisable: N/A | Expires: 2034-02-13 Shares Owned After: 81,730 | 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. [F11] 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: 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. F11: 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. 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 $64.73 to $65.70 inclusive. F5: This transaction was executed in multiple trades at prices ranging from $65.73 to $66.65 inclusive. F6: This transaction was executed in multiple trades at prices ranging from $66.76 to $67.75 inclusive. F7: This transaction was executed in multiple trades at prices ranging from $67.76 to $68.75 inclusive. F8: This transaction was executed in multiple trades at prices ranging from $68.76 to $69.75 inclusive. F9: This transaction was executed in multiple trades at prices ranging from $69.76 to $70.72 inclusive. --- Signature --- /s/ /s/ Paul Breaux, by Power of Attorney for Mark W. Jenkins (2026-07-02)