Carvana CPO Daniel J. Gill: 7,705 Shares Withheld for Taxes

What Happened

• Daniel J. Gill, Chief Product Officer of Carvana Co. (CVNA), had 7,705 shares of Class A common stock withheld to cover tax liabilities upon the vesting of restricted stock units. The withholding was recorded at $72.18 per share, for a total value of $556,147. This is a tax-withholding disposition (code F), not a cash sale in the open market.

Key Details

• Transaction date: 2026-09-01; Filing date: 2026-09-03 (filed within the normal reporting window).
• Shares withheld: 7,705; Price used: $72.18 per share; Total value: $556,147.
• Shares owned after transaction: Not reported in the provided excerpt of the filing.
• Footnote: F1 — Represents shares withheld for taxes upon vesting of restricted stock units pursuant to various awards.
• Transaction type: F (tax withholding) — routine administrative withholding, not an investment buy or open-market sale.

Context

• This was a tax-withholding action tied to RSU vesting (common when companies settle equity awards), meaning shares were retained by the company to cover taxes rather than sold in the market by the insider. Such withholdings are routine and do not necessarily indicate the insider's view on the company's stock.