PLATT IRA J. 4

What Happened

• Ira J. Platt, a director of Carvana (CVNA), reported a gift (Form 4 code G) of 7,827 shares of Class A common stock on March 5, 2026. The filing reports a $0 per-share price and $0 total proceeds because this was a gift/distribution, not a market sale. The filing notes the shares were distributed from a family trust following the death of a family member.

Key Details

• Transaction date: 2026-03-05; Form 4 filed: 2026-03-09.
• Transaction type/code: Gift (G). Price: $0.00 per share; total reported value: $0.
• Ownership after transaction: The filing does not list a single post-transaction share total for the reporting person. Instead, shares are reported across trusts and a foundation (see footnotes).
• Relevant footnotes (condensed):
  • F1: 7,827 shares were distributed from the Platt Family 2024 Irrevocable Trust to trust beneficiaries due to a family member’s death; the reporting person’s spouse is co-trustee of that trust.
  • F2: Shares are held directly by the Georgiana Platt and Successors Remainder Trust (Settlers Trust); spouse is co-trustee and primary beneficiary.
  • F3: Shares held by the Ira J. Platt Revocable Trust; the reporting person is co-trustee and spouse is primary beneficiary.
  • F4: Shares held by the Platt Family Foundation; the reporting person has voting/investment power but disclaims beneficial ownership except for any pecuniary interest.
• Filing timeliness: Form shows filing date of March 9 for a March 5 transaction; the document does not include a late-filing flag in the provided data.

Context

• Gifts and trustee distributions are commonly estate-planning or beneficiary-related transactions and do not necessarily indicate the insider’s view of the company’s prospects. This filing documents a distribution among trusts/beneficiaries rather than an open-market sale or purchase.