Form 4: Carvana Director Gifts Shares to Family Foundation
Insider Transaction Report
Carvana Director Ira J. Platt reported gifting 1,999 shares of Class A Common Stock to the Platt Family Foundation, effective December 10, 2025.
Summary
- Ira J. Platt, a Director of Carvana Co. (CVNA), filed a Form 4 to report changes in beneficial ownership.
- On December 10, 2025, Platt disposed of 1,999 shares of Class A Common Stock via a gift (Transaction Code 'G').
- Concurrently, the Platt Family Foundation acquired 1,999 shares of Class A Common Stock (Transaction Code 'J').
- The shares were transferred at a price of $0.
- Following these transactions, Platt's beneficial ownership includes 26,105 shares held directly.
- Indirect beneficial ownership includes 20,000 shares held by the Ira J. Platt Revocable Trust, 1,999 shares by the Platt Family Foundation, 7,827 shares by the Platt Family 2024 Irrevocable Trust, 7,231 shares by the Georgiana Platt and Successors Remainder Trust, and 850 shares by Parent.
Sentiment
Score: 5
Explanation: This is a routine compliance filing for an insider gift of shares, which typically has a neutral impact on market sentiment regarding the company's operational performance or financial health.
Positives
- Compliance with SEC regulations for reporting insider transactions.
- Demonstrates philanthropic activity by a director.
Future Outlook
Not applicable for an insider transaction report.
Industry Context
Not applicable for an insider transaction report, as this filing pertains to an individual director's share ownership changes rather than broader industry trends or company-specific operational updates.
Related Party Transactions
- The gift of 1,999 shares of Class A Common Stock by Ira J. Platt to the Platt Family Foundation is a related party transaction, as the reporting person has voting and investment power over the Foundation.
Stakeholder Impact
- Minimal direct impact on shareholders, employees, customers, suppliers, or creditors, as this is an internal transfer of shares by a director for philanthropic purposes and not a market sale or purchase affecting company capital.
Key Dates
| Date | Description |
|---|---|
| 12/10/2025 | Date of transaction where 1,999 shares of Class A Common Stock were gifted. |
| 12/12/2025 | Date the Form 4 was signed by Paul Breaux, by Power of Attorney for Ira J. Platt. |
Keywords
Carvana, CVNA, Form 4, Insider Transaction, Stock Gift, Ira J. Platt, Director, Beneficial Ownership
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