MAROONE MICHAEL E 4

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.