AG˹ٷ

STOCK TITAN

[Form 4] Carvana Co. Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

On July 1, 2025, Carvana Co. (CVNA) Chief Product Officer Daniel J. Gill filed a Form 4 reporting an insider transaction coded “F,� which denotes the withholding of shares to satisfy tax obligations at the time of restricted-stock-unit (RSU) vesting.

  • Shares withheld: 1,924 Class A common shares
  • Price per share: $338.26
  • Implied tax value: � $0.65 million (1,924 × $338.26)
  • Post-transaction ownership: 197,832 shares held directly

The filing reflects an administrative, non-open-market transaction rather than an elective sale. Gill remains a significant insider with holdings worth roughly $67 million at the reference price, indicating continued alignment with shareholders.

Il 1° luglio 2025, il Chief Product Officer di Carvana Co. (CVNA), Daniel J. Gill, ha presentato un Modulo 4 segnalando una transazione interna contrassegnata con il codice “F�, che indica la trattenuta di azioni per soddisfare obblighi fiscali al momento della maturazione delle restricted-stock-unit (RSU).

  • Azioni trattenute: 1.924 azioni ordinarie di Classe A
  • Prezzo per azione: 338,26 $
  • Valore fiscale implicito: circa 0,65 milioni di $ (1.924 × 338,26 $)
  • Possesso dopo la transazione: 197.832 azioni detenute direttamente

La dichiarazione riflette una transazione amministrativa, non effettuata sul mercato aperto, piuttosto che una vendita volontaria. Gill rimane un insider di rilievo con partecipazioni per un valore approssimativo di 67 milioni di dollari al prezzo di riferimento, dimostrando un continuo allineamento con gli azionisti.

El 1 de julio de 2025, el Director de Producto de Carvana Co. (CVNA), Daniel J. Gill, presentó un Formulario 4 reportando una transacción interna codificada como “F�, que indica la retención de acciones para cumplir con obligaciones fiscales en el momento del vencimiento de unidades de acciones restringidas (RSU).

  • Acciones retenidas: 1,924 acciones comunes Clase A
  • Precio por acción: 338,26 $
  • Valor fiscal implícito: � 0,65 millones de $ (1,924 × 338,26 $)
  • Propiedad después de la transacción: 197,832 acciones en propiedad directa

La presentación refleja una transacción administrativa, no realizada en el mercado abierto, en lugar de una venta electiva. Gill sigue siendo un insider significativo con participaciones valoradas en aproximadamente 67 millones de dólares al precio de referencia, lo que indica una alineación continua con los accionistas.

2025� 7� 1�, Carvana Co.(CVNA)� 최고제품책임�(CPO) Daniel J. Gill� 내부� 거래� 보고하는 Form 4� 제출했습니다. � 거래� 제한 주식 단위(RSU) 권리 확정 � 세금 의무� 충족하기 위해 주식� 원천징수하는 “F� 코드� 표시되었습니�.

  • 원천징수� 주식: 클래� A 보통� 1,924�
  • 주당 가�: $338.26
  • 추정 세금 가�: � $65� (1,924 × $338.26)
  • 거래 � 보유 주식: 직접 보유 197,832�

이번 보고� 선택� 매도가 아닌 행정적인 비공� 시장 거래임을 나타냅니�. Gill은 � 6,700� 달러 상당� 주식� 보유� 주요 내부자로� 주주들과� 지속적� 이해관� 일치� 보여줍니�.

Le 1er juillet 2025, le Chief Product Officer de Carvana Co. (CVNA), Daniel J. Gill, a déposé un formulaire 4 signalant une transaction d’initié codée « F », indiquant la retenue d’actions pour satisfaire aux obligations fiscales lors de la levée des unités d’actions restreintes (RSU).

  • Actions retenues : 1 924 actions ordinaires de Classe A
  • Prix par action : 338,26 $
  • Valeur fiscale implicite : environ 0,65 million de $ (1 924 × 338,26 $)
  • Possession après la transaction : 197 832 actions détenues directement

Le dépôt reflète une opération administrative, non réalisée sur le marché ouvert, plutôt qu’une vente volontaire. Gill reste un initié important avec des avoirs d’une valeur d’environ 67 millions de dollars au prix de référence, indiquant un alignement continu avec les actionnaires.

Am 1. Juli 2025 reichte Carvana Co. (CVNA) Chief Product Officer Daniel J. Gill ein Formular 4 ein, das eine Insider-Transaktion mit dem Code „F� meldet, welcher die Zurückbehaltung von Aktien zur Erfüllung steuerlicher Verpflichtungen zum Zeitpunkt der Vesting von Restricted Stock Units (RSU) kennzeichnet.

  • Zurückbehaltene Aktien: 1.924 Stammaktien der Klasse A
  • Preis pro Aktie: 338,26 $
  • Implizierter Steuerwert: ca. 0,65 Millionen $ (1.924 × 338,26 $)
  • Besitz nach der Transaktion: 197.832 direkt gehaltene Aktien

Die Meldung stellt eine administrative, nicht am offenen Markt durchgeführte Transaktion dar und keine freiwillige Veräußerung. Gill bleibt ein bedeutender Insider mit einem Wert seiner Beteiligungen von etwa 67 Millionen Dollar zum Referenzpreis, was auf eine weiterhin enge Ausrichtung mit den Aktionären hinweist.

Positive
  • None.
Negative
  • None.

Insights

TL;DR Routine tax-withholding; no change to investment thesis or insider sentiment.

The “F� code confirms that Gill merely surrendered shares to cover RSU taxes. There is no discretionary sale pressure or strategic signal. His remaining 197,832 shares underscore a sizable ongoing stake. Impact on float and market perception should be minimal.

TL;DR Standard Section 16 compliance; transaction neutral to governance risk.

This filing meets Section 16 timely-reporting requirements and shows transparent handling of equity compensation. Because the disposition was automatic under plan terms, it carries no adverse governance implications or insider-confidence signal.

Il 1° luglio 2025, il Chief Product Officer di Carvana Co. (CVNA), Daniel J. Gill, ha presentato un Modulo 4 segnalando una transazione interna contrassegnata con il codice “F�, che indica la trattenuta di azioni per soddisfare obblighi fiscali al momento della maturazione delle restricted-stock-unit (RSU).

  • Azioni trattenute: 1.924 azioni ordinarie di Classe A
  • Prezzo per azione: 338,26 $
  • Valore fiscale implicito: circa 0,65 milioni di $ (1.924 × 338,26 $)
  • Possesso dopo la transazione: 197.832 azioni detenute direttamente

La dichiarazione riflette una transazione amministrativa, non effettuata sul mercato aperto, piuttosto che una vendita volontaria. Gill rimane un insider di rilievo con partecipazioni per un valore approssimativo di 67 milioni di dollari al prezzo di riferimento, dimostrando un continuo allineamento con gli azionisti.

El 1 de julio de 2025, el Director de Producto de Carvana Co. (CVNA), Daniel J. Gill, presentó un Formulario 4 reportando una transacción interna codificada como “F�, que indica la retención de acciones para cumplir con obligaciones fiscales en el momento del vencimiento de unidades de acciones restringidas (RSU).

  • Acciones retenidas: 1,924 acciones comunes Clase A
  • Precio por acción: 338,26 $
  • Valor fiscal implícito: � 0,65 millones de $ (1,924 × 338,26 $)
  • Propiedad después de la transacción: 197,832 acciones en propiedad directa

La presentación refleja una transacción administrativa, no realizada en el mercado abierto, en lugar de una venta electiva. Gill sigue siendo un insider significativo con participaciones valoradas en aproximadamente 67 millones de dólares al precio de referencia, lo que indica una alineación continua con los accionistas.

2025� 7� 1�, Carvana Co.(CVNA)� 최고제품책임�(CPO) Daniel J. Gill� 내부� 거래� 보고하는 Form 4� 제출했습니다. � 거래� 제한 주식 단위(RSU) 권리 확정 � 세금 의무� 충족하기 위해 주식� 원천징수하는 “F� 코드� 표시되었습니�.

  • 원천징수� 주식: 클래� A 보통� 1,924�
  • 주당 가�: $338.26
  • 추정 세금 가�: � $65� (1,924 × $338.26)
  • 거래 � 보유 주식: 직접 보유 197,832�

이번 보고� 선택� 매도가 아닌 행정적인 비공� 시장 거래임을 나타냅니�. Gill은 � 6,700� 달러 상당� 주식� 보유� 주요 내부자로� 주주들과� 지속적� 이해관� 일치� 보여줍니�.

Le 1er juillet 2025, le Chief Product Officer de Carvana Co. (CVNA), Daniel J. Gill, a déposé un formulaire 4 signalant une transaction d’initié codée « F », indiquant la retenue d’actions pour satisfaire aux obligations fiscales lors de la levée des unités d’actions restreintes (RSU).

  • Actions retenues : 1 924 actions ordinaires de Classe A
  • Prix par action : 338,26 $
  • Valeur fiscale implicite : environ 0,65 million de $ (1 924 × 338,26 $)
  • Possession après la transaction : 197 832 actions détenues directement

Le dépôt reflète une opération administrative, non réalisée sur le marché ouvert, plutôt qu’une vente volontaire. Gill reste un initié important avec des avoirs d’une valeur d’environ 67 millions de dollars au prix de référence, indiquant un alignement continu avec les actionnaires.

Am 1. Juli 2025 reichte Carvana Co. (CVNA) Chief Product Officer Daniel J. Gill ein Formular 4 ein, das eine Insider-Transaktion mit dem Code „F� meldet, welcher die Zurückbehaltung von Aktien zur Erfüllung steuerlicher Verpflichtungen zum Zeitpunkt der Vesting von Restricted Stock Units (RSU) kennzeichnet.

  • Zurückbehaltene Aktien: 1.924 Stammaktien der Klasse A
  • Preis pro Aktie: 338,26 $
  • Implizierter Steuerwert: ca. 0,65 Millionen $ (1.924 × 338,26 $)
  • Besitz nach der Transaktion: 197.832 direkt gehaltene Aktien

Die Meldung stellt eine administrative, nicht am offenen Markt durchgeführte Transaktion dar und keine freiwillige Veräußerung. Gill bleibt ein bedeutender Insider mit einem Wert seiner Beteiligungen von etwa 67 Millionen Dollar zum Referenzpreis, was auf eine weiterhin enge Ausrichtung mit den Aktionären hinweist.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
GILL DANIEL J.

(Last) (First) (Middle)
C/O CARVANA CO.
300 E. RIO SALADO PARKWAY

(Street)
TEMPE AZ 85281

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CARVANA CO. [ CVNA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Product Officer
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 07/01/2025 F 1,924(1) D $338.26 197,832 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents total number of shares of Class A Common Stock of the Issuer withheld for taxes upon vesting of restricted stock units pursuant to various awards.
Remarks:
/s/ Paul Breaux, by Power of Attorney for Daniel J. Gill 07/03/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Carvana (CVNA) shares did Daniel J. Gill dispose of?

He disposed of 1,924 Class A shares through tax withholding.

What was the transaction price reported on the Form 4?

The price was $338.26 per share.

Does the Form 4 indicate an open-market sale by the insider?

No. The transaction code "F" shows shares were withheld automatically to pay taxes on RSU vesting.

How many CVNA shares does Gill own after the transaction?

He directly owns 197,832 shares following the withholding.

When was the Form 4 filed with the SEC?

The document was signed and filed on July 3, 2025.
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