Form 4: Carvana CEO Ernest Garcia III Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Carvana's CEO, Ernest Garcia III, reports a transaction involving the withholding of shares for taxes and details beneficial ownership through trusts.
Summary
- On May 1, 2025, Carvana CEO Ernest Garcia III reported changes in his beneficial ownership of Class A Common Stock.
- A total of 1,229 shares were withheld for taxes upon the vesting of restricted stock units at a price of $251.87 per share.
- Following the transaction, Garcia directly owns 926,843 shares of Class A Common Stock.
- He also indirectly owns 950,000 shares through the Ernest C. Garcia III Multi-Generational Trust III and 850,000 shares through the Ernest Irrevocable 2004 Trust III, for which he serves as Investment Trustee and Co-Administrative Trustee.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure related to executive compensation and ownership, and it doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it primarily reflects internal tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 05/01/2025 | Date of transaction involving Class A Common Stock. |
| 05/05/2025 | Date of signature on the report. |
Keywords
Form 4, Beneficial Ownership, Ernest Garcia III, Carvana, CVNA, Class A Common Stock, SEC Filing
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