Form 4: Carvana CEO Ernest Garcia III Reports Stock Disposal for Tax Obligations

Carvana's CEO, Ernest Garcia III, disposed of 980 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.

Summary

• On September 1, 2024, Ernest Garcia III, CEO of Carvana Co., disposed of 980 shares of Class A Common Stock.
• The transaction was executed to cover tax obligations arising from the vesting of restricted stock units.
• The shares were sold at a price of $150.62 per share.
• Following the transaction, Garcia directly owns 892,528 shares of Class A Common Stock.
• Garcia 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.
• Garcia shares voting and dispositive power over the shares held by the trusts as Co-Administrative Trustee and Co-Investment Trustee.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a routine stock transaction for tax purposes. It doesn't convey any particularly positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership. It doesn't necessarily indicate a change in the company's outlook or strategy.

Key Dates