GILL DANIEL J. 4

What Happened
Daniel J. Gill, Chief Product Officer of Carvana Co. (CVNA), had 1,542 shares of Class A common stock withheld to cover taxes upon vesting of restricted stock units. The withholding was recorded at $382.60 per share, for a total value of $589,969. This transaction is a tax-withholding disposition (code F), a routine administrative action tied to RSU vesting rather than an open-market sale.

Key Details

• Transaction date: May 1, 2026; Form 4 filed May 5, 2026 (timely filing).
• Shares withheld/disposed: 1,542 at $382.60 per share; total value $589,969.
• Transaction code: F (shares withheld to satisfy tax withholding obligations).
• Footnote: Represents shares withheld for taxes upon RSU vesting pursuant to various awards.
• Shares owned after transaction: Not reported in this Form 4.

Context
Withholdings on vesting are common for executives receiving RSUs — the company retains (or sells) a portion of vested shares to cover tax obligations. These transactions are administrative and do not necessarily indicate a change in the insider’s view of the company. Purchases by insiders tend to be more indicative of bullish sentiment; tax-withholdings are routine and should be interpreted accordingly.