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

Carvana's CEO, Ernest Garcia III, disposed of 4,348 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.

Summary

• On April 1, 2025, Ernest C. Garcia III, CEO of Carvana Co., disposed of 4,348 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 $212.59 per share.
• Following the transaction, Garcia directly owns 928,072 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, for which he serves as Investment Trustee and Co-Administrative Trustee.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.

Key Dates

Keywords

Carvana, CVNA, Ernest Garcia III, Form 4, Stock Disposal, Tax Obligations, Class A Common Stock, Restricted Stock Units, Beneficial Ownership, Securities Exchange Act