MAROONE MICHAEL E 4
4 · CARVANA CO. · Filed Jun 4, 2026
Research Summary
AI-generated summary of this filing
Carvana (CVNA) Director Michael Maroone Buys 5 Shares, Sells 5 Shares
What Happened
Michael Maroone, a director of Carvana (CVNA), had a small open‑market purchase and subsequent sales reported. On Jan 8, 2026 he (via his family trust account) acquired 5 shares at $441.36 each for $2,207. Later, 3 shares were sold on Feb 9 at $411.61 ($1,235) and 2 shares were sold on Mar 16 at $310.76 ($622), for total proceeds of $1,857 from the sales. The purchase is a modest bullish signal in dollar terms; the later sales are routine dispositions.
Key Details
- Transaction types: P = purchase (open market/private) on 2026-01-08; S = sales (open market/private) on 2026-02-09 and 2026-03-16.
- Prices and amounts: 5 @ $441.36 = $2,207 (purchase); 3 @ $411.61 = $1,235 (sale); 2 @ $310.76 = $622 (sale).
- Shares owned after transaction: report does not state a post-transaction total; footnotes say shares are held by the Family Trust (beneficiary/trustee: Maroone) and the Michael Maroone Family Partnership, LP (entity he controls).
- Notable footnotes: F1 — transactions were executed by an investment manager with discretionary authority without the reporting person’s knowledge; Maroone became aware June 1, 2026 and filed promptly upon discovery. F2 — a 5‑for‑1 forward split on May 7, 2026 is exempt and not reflected here. F3/F4 — describe how holdings are held (Trust and family partnership).
- Timeliness: Filing was made after discovery (filed 2026-06-04 for transactions beginning 2026-01-08), so this Form 4 was filed late relative to the transaction dates.
Context
The transactions were carried out by a discretionary investment manager for the family trust, per the filing, and the reporting person says he had no prior knowledge. Small-dollar purchases and sales like these are common for personal or account‑level reasons and, on their own, do not necessarily indicate a change in an insider’s view of the company.
Insider Transaction Report
- Purchase
Class A Common Stock
[F1][F2][F3]2026-01-08$441.36/sh+5$2,207→ 269 total(indirect: By Trust) - Sale
Class A Common Stock
[F1][F2][F3]2026-02-09$411.61/sh−3$1,235→ 266 total(indirect: By Trust) - Sale
Class A Common Stock
[F1][F2][F3]2026-03-16$310.76/sh−2$622→ 264 total(indirect: By Trust)
- 45,000(indirect: By Partnership)
Class A Common Stock
[F2][F4] - 143,573
Class A Common Stock
[F2]
Footnotes (4)
- [F1]The transactions reported herein were effected by an investment manager with discretionary authority over an account of the Family Trust FBO Michael Maroone (the "Trust") without the knowledge or direction of the Reporting Person. The Reporting Person first became aware of the transactions on June 1, 2026 and is filing this Form 4 promptly upon discovery. Upon discovery, the Reporting Person notified the Issuer and implemented measures with the manager to prevent future occurrences.
- [F2]The Issuer effected a 5-for-1 forward stock split on May 7, 2026 that is exempt under Rule 16a-9(a) and is not reported on this Form 4.
- [F3]Represents shares held directly by the Trust, where the Reporting Person is beneficiary and trustee.
- [F4]Represents shares of Class A common stock held directly by the Michael Maroone Family Partnership, LP, an entity controlled by the Reporting Person.