SULLIVAN GREGORY B 4

What Happened

• Gregory B. Sullivan, a director of Carvana Co. (CVNA), received an award of 782 restricted stock units (RSUs) on April 14, 2026. The reported acquisition price is $0.00 because this was a grant of RSUs, not an open-market purchase. The RSUs vest 100% on May 1, 2027, subject to Sullivan’s continued service with the company.

Key Details

• Transaction date: 2026-04-14; Filing date: 2026-04-16 (timely Form 4 filing).
• Transaction type/code: Award/Grant (A).
• Shares/units granted: 782 RSUs; reported acquisition price: $0.00.
• Vesting: 100% on May 1, 2027, contingent on continued service (see footnote F1).
• Shares owned after transaction: Not specified in this filing.
• Footnote: F1 clarifies these are RSUs that convert to Class A common stock upon vesting.

Context

• RSUs are a deferred equity award: they represent the right to receive shares in the future if vesting conditions are met; they are not immediate open-market purchases or sales. This grant does not by itself indicate buying or selling activity; it is a form of compensation/retention for the director.