Form 4: Carvana Officer Sells Shares for Tax Withholding

Carvana's VP, General Counsel, and Secretary, Paul W. Breaux, disposed of 774 shares of Class A Common Stock for tax withholding purposes.

Summary

• Paul W. Breaux, an officer of Carvana Co. (CVNA), reported a transaction on November 1, 2025.
• Breaux holds the titles of Vice President, General Counsel, Secretary, and Chief Compliance Officer.
• The transaction involved the disposition of 774 shares of Class A Common Stock.
• These shares were withheld for taxes upon the vesting of restricted stock units (RSUs).
• The price per share for the disposed securities was $306.54.
• Following this transaction, Breaux beneficially owns 80,942 shares of Class A Common Stock directly.

Sentiment

Score: 5

Explanation: The transaction is a routine tax withholding upon RSU vesting, which is a mandatory event and not a discretionary sale. It has a neutral impact on sentiment.

Future Outlook

N/A

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically the withholding of shares to cover tax obligations upon the vesting of restricted stock units. Such transactions are common for executives receiving equity compensation and do not typically indicate a change in the company's strategic direction or financial health. It reflects standard compensation practices within the automotive retail industry for publicly traded companies.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes, not an indication of a change in insider confidence or company fundamentals.

Key Dates

Keywords

Carvana, CVNA, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Paul Breaux, Restricted Stock Units