Carvana (CVNA)

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-09-01 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: 2026-09-01 | Code: F (Payment of exercise/tax) Shares: -7,016 | Price: $72.18 Total Value: $506,414.88 Shares Owned After: 1,149,518 | 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: 2026-09-01 | Code: M (Exercise of derivative) Shares: +50,000 | Price: $2.01 Total Value: $100,500.00 Shares Owned After: 1,199,518 | 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: 2026-09-01 | Code: M (Exercise of derivative) Shares: +10,000 | Price: $8.41 Total Value: $84,100.00 Shares Owned After: 1,209,518 | 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: 2026-09-01 | Code: M (Exercise of derivative) Shares: +3,750 | Price: $10.39 Total Value: $38,962.50 Shares Owned After: 1,213,268 | 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: 2026-09-01 | Code: S (Open market sale) Shares: -37,406 | Price: $71.36 Total Value: $2,669,292.16 Shares Owned After: 1,175,862 | 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 $70.68 to $71.67 inclusive. [Transaction #6] Security: Class A Common Stock Date: 2026-09-01 | Code: S (Open market sale) Shares: -26,344 | Price: $71.83 Total Value: $1,892,289.52 Shares Owned After: 1,149,518 | 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 $71.68 to $72.18 inclusive. --- Derivative Transactions --- [Transaction #1] Security: Stock Options (Right to Buy) Date: 2026-09-01 | Code: M (Exercise of derivative) Shares: -50,000 | Price: $0.00 Exercise Price: $2.01 Exercisable: N/A | Expires: 2033-02-22 Shares Owned After: 442,565 | 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. [F6] 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. [F7] Due to a scrivener's error, certain stock options were not appropriately marked as exercised in the Reporting Person's Form 4, filed with the SEC on August 4, 2026. The amounts reported in this column reflect the corrected amounts of unexercised stock options. [Transaction #2] Security: Stock Options (Right to Buy) Date: 2026-09-01 | Code: M (Exercise of derivative) Shares: -10,000 | Price: $0.00 Exercise Price: $8.41 Exercisable: N/A | Expires: 2034-01-24 Shares Owned After: 193,515 | 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. [F8] 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. [F7] Due to a scrivener's error, certain stock options were not appropriately marked as exercised in the Reporting Person's Form 4, filed with the SEC on August 4, 2026. The amounts reported in this column reflect the corrected amounts of unexercised stock options. [Transaction #3] Security: Stock Options (Right to Buy) Date: 2026-09-01 | Code: M (Exercise of derivative) Shares: -3,750 | Price: $0.00 Exercise Price: $10.39 Exercisable: N/A | Expires: 2034-02-13 Shares Owned After: 74,230 | 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. [F8] 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. [F7] Due to a scrivener's error, certain stock options were not appropriately marked as exercised in the Reporting Person's Form 4, filed with the SEC on August 4, 2026. The amounts reported in this column reflect the corrected amounts of unexercised stock options. --- 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. 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 $70.68 to $71.67 inclusive. F5: This transaction was executed in multiple trades at prices ranging from $71.68 to $72.18 inclusive. F6: 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. F7: Due to a scrivener's error, certain stock options were not appropriately marked as exercised in the Reporting Person's Form 4, filed with the SEC on August 4, 2026. The amounts reported in this column reflect the corrected amounts of unexercised stock options. F8: 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. --- Signature --- /s/ /s/ Paul Breaux, by Power of Attorney for Mark W. Jenkins (2026-09-03)