CARVANA CO. 4

Carvana CEO Ernest C. Garcia III had 7,069 shares withheld for tax on RSU vesting and received 134,707 new RSUs, and now directly owns about 4.7 million Class A shares, plus additional shares through family trusts.

On this Form 4, Carvana Co. CEO Ernest C. Garcia III reported two equity-related transactions in Class A Common Stock. On 2026-08-01, 7,069 shares were surrendered to the issuer at $62.36 per share to cover withholding taxes upon the vesting of previously granted restricted stock units, reducing his directly held shares to 4,589,162. On 2026-08-03, he received 134,707 additional restricted stock units (reported as an acquisition at a deemed price of $0), bringing his directly held position to 4,723,869 shares. The newly granted RSUs vest 25% on April 1, 2027 and then monthly over the following three years, contingent on his continued service. In addition to his direct holdings, Garcia has indirect beneficial ownership of 2,250,000 shares through the Ernest C. Garcia III Multi-Generational Trust III and 1,750,000 shares through the Ernest Irrevocable 2004 Trust III, where he serves as Investment Trustee and Co-Administrative Trustee. Using the stock snapshot price of approximately $68.50, his direct post-transaction stake is valued around $323 million, with total direct and indirect exposure materially higher.

Filing Facts

CIK

1690820

Ticker

CVNA

Form

4

Source Type

sec

Accession

0001700548-26-000018

Alert Tier

5