GILL DANIEL J. 4

4 · CARVANA CO. · Filed Dec 12, 2025

Form 4

Period: 2025-12-12

Chief Product Officer

Transactions

Exercise/Conversion
Class A Common Stock
2025-12-12$10.07/sh+33,732$339,681→ 224,838 total
Exercise/Conversion
Class A Common Stock
2025-12-12$42.03/sh+6,268$263,444→ 231,106 total
Sale
Class A Common Stock
2025-12-12$475.20/sh−37,880$18,000,576→ 193,226 total
Sale
Class A Common Stock
2025-12-12$476.00/sh−2,120$1,009,120→ 191,106 total
Exercise/Conversion
Stock Options (Right to Buy)
2025-12-12−33,732→ 167,170 total
Exercise: $10.07From: 2024-04-01Exp: 2033-02-22→ Class A Common Stock (33,732 underlying)
Exercise/Conversion
Stock Options (Right to Buy)
2025-12-12−6,268→ 55,133 total
Exercise: $42.03From: 2025-04-01Exp: 2034-01-24→ Class A Common Stock (6,268 underlying)

Footnotes (6)

[F1]The reported option exercises and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024 (the "10b5-1 Plan").
[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 $475.00 to $475.91 inclusive.
[F4]This transaction was executed in multiple trades at prices ranging from $476.00 to $476.01 inclusive.
[F5]The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vested 25% on April 1, 2024 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.
[F6]The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vest 25% on April 1, 2025 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

Documents

1 file