BREAUX PAUL W. 4

What Happened
Paul W. Breaux — Vice President, General Counsel, Secretary, and Chief Compliance Officer of Carvana (CVNA) — had 892 shares of Class A common stock withheld to satisfy tax withholding obligations upon vesting of restricted stock units. The shares were valued at $382.60 each, for a total of $341,279, on the reported transaction date of 2026-05-01. This was a tax-withholding event (transaction code F), not an open-market sale or purchase.

Key Details

• Transaction date and price: 2026-05-01; 892 shares at $382.60 each (total ≈ $341,279).
• Filing date: Form 4 filed 2026-05-05 — appears timely (filed within the standard 2 business days after the transaction date).
• Shares owned after transaction: Not specified in the provided excerpt.
• Footnote: F1 indicates these shares were withheld for taxes upon RSU vesting pursuant to various awards.
• Remark: Insider holds multiple roles (VP, General Counsel, Secretary, Chief Compliance Officer).

Context
This was a routine tax-withholding event tied to RSU vesting, not a discretionary sale or purchase of stock. Withheld shares are commonly used to satisfy tax liabilities and do not necessarily indicate a decision to liquidate holdings on the open market. For investors tracking insider signals, outright purchases typically carry more interpretive weight than tax withholding events.