Form 4: Carvana CEO Ernest Garcia III Reports Stock Transactions

Carvana's CEO, Ernest Garcia III, reports the disposal of 651 shares of Class A Common Stock to cover tax obligations and discloses beneficial ownership of shares held directly and through trusts.

Summary

• On February 1, 2025, Ernest Garcia III, CEO of Carvana Co., disposed of 651 shares of Class A Common Stock.
• The transaction was to cover tax obligations upon the vesting of restricted stock units.
• The price per share was $247.48.
• Following the transaction, Garcia directly owns 933,400 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 serves as the Investment Trustee and Co-Administrative Trustee for both trusts.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common in publicly traded companies. It provides transparency to investors regarding the actions of key personnel.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small number of shares compared to the total outstanding shares.

Key Dates