Taira Thomas 4

What Happened
Taira Thomas, President, Special Projects at Carvana Co. (CVNA), sold 953 shares in an open-market transaction on March 9, 2026 at $325.00 per share, for total proceeds of $309,725. This was a sale (not a purchase) and therefore typically represents liquidity by the insider rather than a bullish purchase signal.

Key Details

• Transaction date and price: March 9, 2026 — 953 shares sold at $325.00 per share.
• Total proceeds: $309,725.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: The sale was made under a pre-arranged Rule 10b5-1 trading plan adopted by the reporting person on August 8, 2025.
• Filing timeliness: Form 4 filed March 11, 2026 (two days after the transaction), which appears to be timely under the standard two-business-day reporting window.

Context
Sales under a 10b5-1 plan are pre-scheduled and often reflect planned liquidity rather than a current change in an insider’s view of the company. For retail investors, purchases tend to be stronger signals of insider conviction; routine sales (especially under 10b5-1 plans) are common and don’t on their own indicate a change in company fundamentals.