Form 4: Carvana Director Sells 2,500 Shares Under 10b5-1 Plan

Carvana Director Gregory B. Sullivan reported the sale of 2,500 shares of Class A Common Stock at $340 per share on November 12, 2025, pursuant to a Rule 10b5-1 plan.

Summary

• Gregory B. Sullivan, a Director of Carvana Co. (CVNA), reported a transaction involving the company's Class A Common Stock.
• On November 12, 2025, Sullivan disposed of 2,500 shares of Class A Common Stock.
• The shares were sold at a price of $340 per share.
• Following this transaction, Sullivan directly beneficially owns 39,428 shares of Class A Common Stock.
• The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: Neutral. A Form 4 filing is a factual disclosure of an insider transaction. While an insider sale can sometimes be viewed negatively, this filing itself does not contain positive or negative language, nor does it provide context for the sale beyond it being part of a 10b5-1 plan, which often indicates a pre-scheduled transaction rather than a reaction to immediate company news.

Future Outlook

N/A

Industry Context

N/A

Stakeholder Impact

• Shareholders: May interpret the director's sale as a signal regarding the company's future prospects or valuation, though sales under 10b5-1 plans are often pre-scheduled and less indicative of immediate sentiment.

Key Dates

Keywords

Carvana, CVNA, Insider Trading, Form 4, Stock Sale, Director, Gregory B. Sullivan, Equity Transaction, 10b5-1 Plan