Palmer Stephen R 4

What Happened Stephen R. Palmer, Vice President of Accounting at Carvana (CVNA), disposed of a total of 1,552 shares in early February 2026. On 2026-02-01, 552 shares were withheld to cover taxes on vested restricted stock units (RSUs) at $401.11 per share (~$221,413). On 2026-02-02, he sold 1,000 shares in an open-market transaction at $393.04 per share ($393,040). Combined proceeds were about $614,453. These were disposals (sales/withholding), not purchases.

Key Details

• Transaction dates and prices:
  • 2026-02-01: 552 shares withheld for taxes at $401.11/share (code F) — $221,413.
  • 2026-02-02: 1,000 shares sold open market at $393.04/share (code S) — $393,040.
• Total shares disposed: 1,552; total proceeds ≈ $614,453.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Footnotes:
  • F1: 552 shares represent RSUs withheld to satisfy tax withholding obligations upon vesting.
  • F2: The 1,000-share sale was executed under a Rule 10b5-1 trading plan adopted May 28, 2025.
• Filing: Form 4 filed 2026-02-03 reporting the Feb 1–2 transactions; no indication in the provided data that the filing was late.

Context

• The F-code sale reflects tax withholding on RSU vesting (common and not a market-driven purchase/sale decision). The S-code sale was an open-market sale conducted under a pre-established 10b5-1 plan, which is often used to systematically sell shares and helps avoid questions about timing. These transactions are disposals and should be interpreted as routine insider liquidity rather than an explicit statement about company prospects.