Carvana (CVNA) VP/General Counsel Paul Breaux Shares Withheld for Taxes

What Happened
Paul W. Breaux, Vice President, General Counsel, Secretary, and Chief Compliance Officer of Carvana (CVNA), had 4,457 shares of Class A common stock withheld to satisfy tax withholding upon vesting of restricted stock units. The withholding was reported at a per-share value of $72.18 for a total value of $321,706. This was a tax-withholding disposition (code F), not an open-market sale or purchase.

Key Details

• Transaction date: 2026-09-01
• Price per share reported: $72.18
• Shares withheld/disposed: 4,457
• Total value of shares withheld: $321,706
• Transaction code: F (shares withheld to cover tax liability upon vesting) — see footnote F1
• Shares owned after transaction: Not specified in this filing
• Filing date: 2026-09-03 — appears timely based on the reported transaction date

Context
This was a routine tax-withholding upon RSU vesting (the company withheld shares to satisfy tax obligations). Such withholdings are administrative and do not necessarily indicate any change in the insider’s view of the company. Unlike an open-market sale, withheld shares are not a liquidity-driven sale by the insider.