Form 4: Ira J. Platt Reports Changes in Beneficial Ownership of Carvana Co. Stock

Ira J. Platt, a director of Carvana Co., reported changes in his beneficial ownership of Class A Common Stock due to distributions from a family trust.

Summary

• On May 13, 2025, Ira J. Platt filed a Form 4 with the SEC reporting changes in his beneficial ownership of Carvana Co. (CVNA) Class A Common Stock.
• 24,959 Class A shares were distributed from the Platt Family 2024 Irrevocable Trust to trust beneficiaries following the death of a family member.
• After the transaction, Platt directly owns 31,779 Class A shares and indirectly owns shares through various trusts.
• The remaining 15,041 Class A shares are held directly by the Irrevocable Trust, of which the Reporting Person's spouse is co-trustee.
• 11,017 shares are held by The Georgiana Platt and Successors Remainder Trust, of which the Reporting Person's spouse is co-trustee and primary beneficiary.
• 24,999 shares are held by the Ira J. Platt Revocable Trust, of which the Reporting Person is co-trustee and the Reporting Person's spouse is the primary beneficiary.
• 850 shares are held by the Reporting Person's Parent.

Sentiment

Score: 5

Explanation: This is a neutral report on stock ownership changes; it doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The change in beneficial ownership may have a minor impact on shareholders, as it reflects insider transactions.

Key Dates

Keywords

Form 4, Beneficial Ownership, Carvana, CVNA, Ira J. Platt, Class A Common Stock, SEC Filing