Carvana President Taira Thomas Withholds 3,949 Shares for Taxes

What Happened Taira Thomas, President, Special Projects at Carvana (CVNA), had 3,949 shares of Class A common stock withheld to satisfy tax obligations upon vesting of restricted stock units. The withholding is reported as a disposition at $67.87 per share, for a total value of approximately $268,019. This was a tax-withholding event tied to RSU vesting—not an open-market sale.

Key Details

• Transaction date: 2026-07-01; filing date: 2026-07-02 (timely filing).
• Shares withheld/disposed: 3,949 shares at $67.87 per share; total value ≈ $268,019.
• Transaction code: F (payment of exercise price or tax liability); footnote F1 confirms shares were withheld for taxes upon vesting of restricted stock units.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Nature of transaction: routine tax withholding (not a discretionary sale or purchase).

Context This was a cashless/withholding event to cover taxes on vested RSUs. Such withholdings are common and generally reflect tax obligations rather than a signal of the insider’s market view.