Earnings Feed
Start Free
CARVANA CO.·4

Mar 3, 5:40 PM ET

HUSTON BENJAMIN E. 4

4 · CARVANA CO. · Filed Mar 3, 2026

Research Summary

AI-generated summary of this filing

Updated

Carvana (CVNA) COO Benjamin Huston Exercises Options, Sells Shares

What Happened

  • Benjamin E. Huston, COO of Carvana (CVNA), exercised 10,000 non‑qualified stock options on 2026-03-02 at $10.07 per share (cost ≈ $100,700) and conducted multiple open‑market sales totaling roughly 11,220 shares for about $3.63 million. On 2026-03-01, 1,220 shares were withheld to cover taxes on vested RSUs (withholding value ≈ $407,675). The activity was largely sales (routine liquidity) following option exercise and RSU vesting.

Key Details

  • Transaction dates: 2026-03-01 (tax withholding) and 2026-03-02 (option exercise and open-market sales).
  • Exercise: 10,000 shares acquired at $10.07 each (≈ $100,700).
  • Sales/withholding: ~11,220 shares disposed for total proceeds ≈ $3,634,354 (including 1,220 shares withheld for taxes at $334.16). Sales executed across prices roughly $317.57–$327.74 per share (per footnotes).
  • Footnotes of note: transactions effected under a Rule 10b5‑1 trading plan adopted 12/13/2024 (F2); RSU tax withholding (F1); option vesting schedule noted (F14); multiple trades/VWAP noted for price reporting (F3–F13).
  • Shares owned after transactions: not stated in the provided filing excerpt.
  • Filing timeliness: reported as late (L) — late filings reduce timely transparency for investors.

Context

  • This was an option exercise (M) plus subsequent open‑market sales (S) executed under a prearranged 10b5‑1 plan; some shares were withheld to cover taxes on vested RSUs (F1). One derivative line showing 10,000 shares at $0 reflects conversion/recording related to the option exercise, not cash proceeds. These transactions are routine ways insiders convert equity to cash; they are factual disclosures and do not by themselves indicate management’s longer‑term view.

Insider Transaction Report

Form 4
Period: 2026-03-01
CARVANA CO.CVNA
HUSTON BENJAMIN E.
Chief Operating Officer
Transactions
  • Tax Payment

    Class A Common Stock

    [F1]
    2026-03-01$334.16/sh−1,220$407,675→ 97,432 total
  • Exercise/Conversion

    Class A Common Stock

    [F2]
    2026-03-02$10.07/sh+10,000$100,700→ 107,432 total
  • Sale

    Class A Common Stock

    [F2][F3][F4]
    2026-03-02$318.12/sh−440$139,973→ 106,992 total
  • Sale

    Class A Common Stock

    [F2][F3][F5]
    2026-03-02$319.11/sh−520$165,937→ 106,472 total
  • Sale

    Class A Common Stock

    [F2][F3][F6]
    2026-03-02$320.15/sh−974$311,826→ 105,498 total
  • Sale

    Class A Common Stock

    [F2][F3][F7]
    2026-03-02$321.17/sh−983$315,710→ 104,515 total
  • Sale

    Class A Common Stock

    [F2][F3][F8]
    2026-03-02$322.30/sh−1,715$552,745→ 102,800 total
  • Sale

    Class A Common Stock

    [F2][F3][F9]
    2026-03-02$323.16/sh−2,168$700,611→ 100,632 total
  • Sale

    Class A Common Stock

    [F2][F3][F10]
    2026-03-02$324.14/sh−1,400$453,796→ 99,232 total
  • Sale

    Class A Common Stock

    [F2][F3][F11]
    2026-03-02$325.15/sh−1,280$416,192→ 97,952 total
  • Sale

    Class A Common Stock

    [F2][F3][F12]
    2026-03-02$326.57/sh−440$143,691→ 97,512 total
  • Sale

    Class A Common Stock

    [F2][F3][F13]
    2026-03-02$327.47/sh−80$26,198→ 97,432 total
  • Exercise/Conversion

    Stock Options (Right to Buy)

    [F2][F14]
    2026-03-02−10,000→ 318,513 total
    Exercise: $10.07From: 2024-04-01Exp: 2033-02-22→ Class A Common Stock (10,000 underlying)
Footnotes (14)
  • [F1]Represents total number of shares of Class A Common Stock of the Issuer withheld for taxes upon vesting of restricted stock units pursuant to various awards.
  • [F10]This transaction was executed in multiple trades at prices ranging from $323.71 to $324.68, inclusive.
  • [F11]This transaction was executed in multiple trades at prices ranging from $324.73 to $325.71 inclusive.
  • [F12]This transaction was executed in multiple trades at prices ranging from $326.20 to $327.18 inclusive.
  • [F13]This transaction was executed in multiple trades at prices ranging from $327.20 to $327.74, inclusive.
  • [F14]The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vested 25% on April 1, 2024 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.
  • [F2]The reported option exercises and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024 (the "10b5-1 Plan").
  • [F3]The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
  • [F4]This transaction was executed in multiple trades at prices ranging from $317.57 to $318.56, inclusive.
  • [F5]This transaction was executed in multiple trades at prices ranging from $318.59 to $319.56, inclusive.
  • [F6]This transaction was executed in multiple trades at prices ranging from $319.65 to $320.63 inclusive.
  • [F7]This transaction was executed in multiple trades at prices ranging from $320.71 to $321.70, inclusive.
  • [F8]This transaction was executed in multiple trades at prices ranging from $321.71 to $322.70, inclusive.
  • [F9]This transaction was executed in multiple trades at prices ranging from $322.71 to $323.70, inclusive.
Signature
/s/ Paul Breaux, by Power of Attorney for Benjamin E. Huston|2026-03-03

Documents

1 file
  • 4
    wk-form4_1772577624.xmlPrimary

    FORM 4