AMKR: 2.7M Insider Shares Gifted; No Open-Market Sale Disclosed

Q: How many AMKR shares were transferred in the July 30 2025 Form 4?

The trust gifted 2,711,000 common shares to James J. Kim.

Q: Was there any cash consideration for the AMKR share transfer?

No. The transaction is coded 鈥淕鈥� (gift) with $0 price .

Q: What is the trust鈥檚 remaining AMKR shareholding after the distribution?

The GRAT now holds 876,004 shares directly.

Q: Does the transaction affect Amkor Technology鈥檚 outstanding share count?

No. It is an internal transfer among insiders; total shares outstanding are unchanged .

[Form 4] Carvana Co. Insider Trading Activity

Filing Impact

(High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Amkor Technology Inc. (AMKR) 鈥� SEC Form 4 filing (07/30/2025): The 2023 Grantor Retained Annuity Trust of founder James J. Kim (10% owner group) gift-distributed 2,711,000 AMKR common shares to James J. Kim. The transfer is coded 鈥淕鈥� (bona-fide gift) with no consideration ($0). Post-distribution, the trust鈥檚 direct holdings fall to 876,004 shares. Susan Y. Kim serves as sole trustee; filing states it should not be deemed an admission of beneficial ownership of other group members鈥� shares.

The transaction represents roughly 1% of Amkor鈥檚 ~250 M diluted share count and does not involve an open-market sale, so immediate trading-pressure is limited. However, the shift places a sizable block directly under James J. Kim鈥檚 control, potentially increasing future liquidity if he opts to sell. Overall, the filing reflects estate/ownership restructuring rather than a valuation-driven move and carries minimal near-term impact on Amkor鈥檚 operations or capital structure.

Positive

No open-market sale; the 2.7 M shares were transferred as a gift, limiting immediate selling pressure.
Insider alignment remains intact; shares stay within the Kim family, signalling continued commitment.

Negative

Potential future liquidity event; James J. Kim now controls an additional 2.7 M shares that could be sold later.
Trust鈥檚 stake reduced; structured oversight of a GRAT is replaced by individual ownership, modestly lowering governance safeguards.

Insights

TL;DR: Internal gift of 2.7 M shares; no cash sale, low near-term market impact, but enlarges James J. Kim鈥檚 personal float.

The use of a Rule 16 鈥淕鈥� code confirms this is a gratuitous transfer from the GRAT to the founder, consistent with estate-planning techniques common among long-tenured insiders. Because no shares hit the open market, price pressure should be negligible. The trust鈥檚 stake drops to 0.35% while James J. Kim鈥檚 direct ownership rises equivalently, preserving overall insider alignment. Nonetheless, moving shares out of a GRAT removes certain lock-up discipline and could expand potential sellable float once holding-period requirements lapse. Investors should watch Form 144 or future Form 4 sales for actual monetisation but treat today鈥檚 filing as neutral.

08/01/2025 - 04:40 PM

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^*

GARCIA ERNEST C. III

(Last)

(First)

(Middle)

C/O CARVANA CO.

300 E. RIO SALADO PARKWAY

(Street)

TEMPE

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)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/31/2025

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	07/31/2025		S		343⁽¹⁾	D	$383.85⁽²⁾	596,097	I	Ernest Irrevocable 2004 Trust III⁽³⁾
Class A Common Stock	07/31/2025		S		343⁽¹⁾	D	$383.85⁽²⁾	696,097	I	Ernest C. Garcia III Multi-Generational Trust III⁽⁴⁾
Class A Common Stock	07/31/2025		S		300⁽¹⁾	D	$385.14⁽⁵⁾	595,797	I	Ernest Irrevocable 2004 Trust III⁽³⁾
Class A Common Stock	07/31/2025		S		300⁽¹⁾	D	$385.14⁽⁵⁾	695,797	I	Ernest C. Garcia III Multi-Generational Trust III⁽⁴⁾
Class A Common Stock	07/31/2025		S		250⁽¹⁾	D	$385.8⁽⁶⁾	595,547	I	Ernest Irrevocable 2004 Trust III⁽³⁾
Class A Common Stock	07/31/2025		S		250⁽¹⁾	D	$385.8⁽⁶⁾	695,547	I	Ernest C. Garcia III Multi-Generational Trust III⁽⁴⁾
Class A Common Stock	07/31/2025		S		400⁽¹⁾	D	$387.01⁽⁷⁾	595,147	I	Ernest Irrevocable 2004 Trust III⁽³⁾
Class A Common Stock	07/31/2025		S		400⁽¹⁾	D	$387.01⁽⁷⁾	695,147	I	Ernest C. Garcia III Multi-Generational Trust III⁽⁴⁾
Class A Common Stock	07/31/2025		S		207⁽¹⁾	D	$388.17⁽⁸⁾	594,940	I	Ernest Irrevocable 2004 Trust III⁽³⁾
Class A Common Stock	07/31/2025		S		207⁽¹⁾	D	$388.17⁽⁸⁾	694,940	I	Ernest C. Garcia III Multi-Generational Trust III⁽⁴⁾
Class A Common Stock	07/31/2025		S		450⁽¹⁾	D	$389.24⁽⁹⁾	594,490	I	Ernest Irrevocable 2004 Trust III⁽³⁾
Class A Common Stock	07/31/2025		S		450⁽¹⁾	D	$389.24⁽⁹⁾	694,490	I	Ernest C. Garcia III Multi-Generational Trust III⁽⁴⁾
Class A Common Stock	07/31/2025		S		450⁽¹⁾	D	$390.22⁽¹⁰⁾	594,040	I	Ernest Irrevocable 2004 Trust III⁽³⁾
Class A Common Stock	07/31/2025		S		450⁽¹⁾	D	$390.22⁽¹⁰⁾	694,040	I	Ernest C. Garcia III Multi-Generational Trust III⁽⁴⁾
Class A Common Stock	07/31/2025		S		100⁽¹⁾	D	$391.34⁽¹¹⁾	593,940	I	Ernest Irrevocable 2004 Trust III⁽³⁾
Class A Common Stock	07/31/2025		S		100⁽¹⁾	D	$391.34⁽¹¹⁾	693,940	I	Ernest C. Garcia III Multi-Generational Trust III⁽⁴⁾
Class A Common Stock	07/31/2025		S		300⁽¹⁾	D	$392.87⁽¹²⁾	593,640	I	Ernest Irrevocable 2004 Trust III⁽³⁾
Class A Common Stock	07/31/2025		S		300⁽¹⁾	D	$392.87⁽¹²⁾	693,640	I	Ernest C. Garcia III Multi-Generational Trust III⁽⁴⁾
Class A Common Stock	07/31/2025		S		200⁽¹⁾	D	$393.55⁽¹³⁾	593,440	I	Ernest Irrevocable 2004 Trust III⁽³⁾
Class A Common Stock	07/31/2025		S		200⁽¹⁾	D	$393.55⁽¹³⁾	693,440	I	Ernest C. Garcia III Multi-Generational Trust III⁽⁴⁾
Class A Common Stock	07/31/2025		S		450⁽¹⁾	D	$394.86⁽¹⁴⁾	592,990	I	Ernest Irrevocable 2004 Trust III⁽³⁾
Class A Common Stock	07/31/2025		S		450⁽¹⁾	D	$394.86⁽¹⁴⁾	692,990	I	Ernest C. Garcia III Multi-Generational Trust III⁽⁴⁾
Class A Common Stock	07/31/2025		S		200⁽¹⁾	D	$396.03⁽¹⁵⁾	592,790	I	Ernest Irrevocable 2004 Trust III⁽³⁾
Class A Common Stock	07/31/2025		S		200⁽¹⁾	D	$396.03⁽¹⁵⁾	692,790	I	Ernest C. Garcia III Multi-Generational Trust III⁽⁴⁾
Class A Common Stock								924,384	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.

2. This transaction was executed in multiple trades at prices ranging from $383.40 to $384.21 inclusive. 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.

3. These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust.

4. These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust.

5. This transaction was executed in multiple trades at prices ranging from $384.41 to $385.40 inclusive. 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.

6. This transaction was executed in multiple trades at prices ranging from $385.47 to $386.17, inclusive. 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.

7. This transaction was executed in multiple trades at prices ranging from $386.64 to $387.44 inclusive. 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.

8. This transaction was executed in multiple trades at prices ranging from $387.70 to $388.63 inclusive. 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.

9. This transaction was executed in multiple trades at prices ranging from $388.75 to $389.71, inclusive. 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.

10. This transaction was executed in multiple trades at prices ranging from $389.81 to $390.69 inclusive. 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.

11. This transaction was executed in multiple trades at prices ranging from $391.19 to $391.49 inclusive. 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.

12. This transaction was executed in multiple trades at prices ranging from $392.24 to $393.23 inclusive. 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.

13. This transaction was executed in multiple trades at prices ranging from $393.25 to $394.24 inclusive. 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.

14. This transaction was executed in multiple trades at prices ranging from $394.38 to $395.34 inclusive. 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.

15. This transaction was executed in multiple trades at prices ranging from $395.61 to $396.41 inclusive. 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.

Remarks:

	/s/ Paul Breaux, by Power of Attorney for Ernest C. Garcia, III	08/01/2025
	** 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.

Source:

FAQ

How many AMKR shares were transferred in the July 30 2025 Form 4?

The trust gifted 2,711,000 common shares to James J. Kim.

Was there any cash consideration for the AMKR share transfer?

No. The transaction is coded 鈥淕鈥� (gift) with $0 price.

What is the trust鈥檚 remaining AMKR shareholding after the distribution?

The GRAT now holds 876,004 shares directly.

Does the transaction affect Amkor Technology鈥檚 outstanding share count?

No. It is an internal transfer among insiders; total shares outstanding are unchanged.

Could the transfer lead to future insider sales of AMKR stock?

Possibly. James J. Kim directly controls the additional shares and could file Form 144 or future Form 4 sales.

AG真人官方

[Form 4] Carvana Co. Insider Trading Activity

Insights

FAQ

How many AMKR shares were transferred in the July 30 2025 Form 4?

Was there any cash consideration for the AMKR share transfer?

What is the trust鈥檚 remaining AMKR shareholding after the distribution?

Does the transaction affect Amkor Technology鈥檚 outstanding share count?

Could the transfer lead to future insider sales of AMKR stock?

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[Form 4] Carvana Co. Insider Trading Activity

Insights

Corporate Governance Analyst neutral

FAQ

How many AMKR shares were transferred in the July 30 2025 Form 4?

Was there any cash consideration for the AMKR share transfer?

What is the trust鈥檚 remaining AMKR shareholding after the distribution?

Does the transaction affect Amkor Technology鈥檚 outstanding share count?

Could the transfer lead to future insider sales of AMKR stock?

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CVNA Rankings

CVNA Latest News

CVNA Latest SEC Filings

CVNA Stock Data