Form 4: Carvana CEO's Routine Stock Transaction for Tax Withholding

Carvana CEO Ernest C. Garcia III reported a routine transaction involving the withholding of 1,229 Class A Common Stock shares for tax purposes.

Summary

• Ernest C. Garcia III, who serves as Chief Executive Officer, Director, and a 10% Owner of Carvana Co. (CVNA), reported a transaction on December 1, 2025.
• The transaction involved the disposition of 1,229 shares of Class A Common Stock.
• These shares were withheld to cover tax obligations upon the vesting of restricted stock units, a standard practice for equity compensation.
• The value of the disposed shares for tax purposes was $375.26 per share.
• Following this transaction, Mr. Garcia III directly beneficially owns 918,238 shares of Class A Common Stock.
• He also indirectly beneficially owns 450,000 shares through the Ernest C. Garcia III Multi-Generational Trust III and 350,000 shares through the Ernest Irrevocable 2004 Trust III, where he acts as Investment Trustee and Co-Administrative Trustee for both.

Sentiment

Score: 5

Explanation: This is a neutral, routine insider transaction report (Form 4) detailing tax withholding upon RSU vesting. It has no direct positive or negative implications for the company's operational performance or strategic direction.

Future Outlook

NA

Industry Context

NA

Key Dates

Keywords

Carvana, CVNA, Ernest C. Garcia III, Insider Transaction, Form 4, Stock Withholding, Restricted Stock Units, CEO, Director, 10% Owner