MAROONE MICHAEL E 4
4 · CARVANA CO. · Filed Dec 4, 2025
Insider Transaction Report
Form 4
CARVANA CO.CVNA
MAROONE MICHAEL E
Director
Transactions
- Exercise/Conversion
Class A Common Stock
2025-12-03$15.00/sh+30,928$463,920→ 174,501 total - Sale
Class A Common Stock
2025-12-03$400.30/sh−29,576$11,839,273→ 144,925 total - Sale
Class A Common Stock
2025-12-03$401.18/sh−1,352$542,395→ 143,573 total - Exercise/Conversion
Stock Options (Right to Buy)
2025-12-03−30,928→ 0 totalExercise: $15.00Exp: 2027-04-27→ Class A Common Stock (30,928 underlying)
Holdings
- 45,000(indirect: By Partnership)
Class A Common Stock
- 264(indirect: By Trust)
Class A Common Stock
Footnotes (7)
- [F1]The reported sale and option exercise was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 30, 2025.
- [F2]The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
- [F3]This transaction was executed in multiple trades at prices ranging from $400.00 to $400.99, inclusive.
- [F4]This transaction was executed in multiple trades at prices ranging from $401.02 to $401.32, inclusive.
- [F5]Represents shares of Class A common stock held directly by the Michael Maroone Family Partnership, LP, an entity controlled by the Reporting Person.
- [F6]Represents shares of Class A common stock held directly by the Family Trust FBO Michael E. Maroone, where the Reporting Person is beneficiary and trustee.
- [F7]The options vested in three equal annual installments beginning on April 27, 2018.