Carvana (CVNA) 4: JENKINS MARK W. sold 7,016 shares at $63.04 on 2026-10-01;… (Oct 5, 2026)

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-10-01 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: 2026-10-01 | Code: F (Payment of exercise/tax) Shares: -7,016 | Price: $63.04 Total Value: $442,288.64 Shares Owned After: 1,142,502 | 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: 2026-10-01 | Code: M (Exercise of derivative) Shares: +50,000 | Price: $2.01 Total Value: $100,500.00 Shares Owned After: 1,192,502 | 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: 2026-10-01 | Code: M (Exercise of derivative) Shares: +10,000 | Price: $8.41 Total Value: $84,100.00 Shares Owned After: 1,202,502 | 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: 2026-10-01 | Code: M (Exercise of derivative) Shares: +3,750 | Price: $10.39 Total Value: $38,962.50 Shares Owned After: 1,206,252 | 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: 2026-10-01 | Code: S (Open market sale) Shares: -10,440 | Price: $59.44 Total Value: $620,553.60 Shares Owned After: 1,195,812 | 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 $58.98 to $59.97 inclusive. [Transaction #6] Security: Class A Common Stock Date: 2026-10-01 | Code: S (Open market sale) Shares: -9,362 | Price: $60.60 Total Value: $567,337.20 Shares Owned After: 1,186,450 | 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 $59.98 to $60.97 inclusive. [Transaction #7] Security: Class A Common Stock Date: 2026-10-01 | Code: S (Open market sale) Shares: -13,318 | Price: $61.47 Total Value: $818,657.46 Shares Owned After: 1,173,132 | 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 $60.98 to $61.96 inclusive. [Transaction #8] Security: Class A Common Stock Date: 2026-10-01 | Code: S (Open market sale) Shares: -24,761 | Price: $62.73 Total Value: $1,553,257.53 Shares Owned After: 1,148,371 | 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 $61.98 to $62.97 inclusive. [Transaction #9] Security: Class A Common Stock Date: 2026-10-01 | Code: S (Open market sale) Shares: -5,869 | Price: $63.04 Total Value: $369,981.76 Shares Owned After: 1,142,502 | 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 $62.98 to $63.21 inclusive. --- Derivative Transactions --- [Transaction #1] Security: Stock Options (Right to Buy) Date: 2026-10-01 | 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: 392,565 | 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. [F9] 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: 2026-10-01 | 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: 183,515 | 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. [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, 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: 2026-10-01 | 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: 70,480 | 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, 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, 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 $58.98 to $59.97 inclusive. F5: This transaction was executed in multiple trades at prices ranging from $59.98 to $60.97 inclusive. F6: This transaction was executed in multiple trades at prices ranging from $60.98 to $61.96 inclusive. F7: This transaction was executed in multiple trades at prices ranging from $61.98 to $62.97 inclusive. F8: This transaction was executed in multiple trades at prices ranging from $62.98 to $63.21 inclusive. F9: 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. --- Signature --- /s/ /s/ Paul Breaux, by Power of Attorney for Mark W. Jenkins (2026-10-05)