Palmer Stephen R 4

What Happened
Stephen R. Palmer, Vice President of Accounting at Carvana (CVNA), disposed of a total of 1,651 shares in early March 2026. On 2026-03-01, 651 shares were withheld to cover taxes on vested restricted stock units at $334.16 per share (value ≈ $217,538). On 2026-03-02, Palmer sold 1,000 shares in an open-market transaction at $324.84 per share (proceeds ≈ $324,840). The activity is a disposition (tax withholding + sale), not a purchase.

Key Details

• Transaction dates and prices:
  • 2026-03-01: 651 shares withheld for taxes (Code F) @ $334.16 — value ≈ $217,538.
  • 2026-03-02: 1,000 shares sold in open market (Code S) @ $324.84 — proceeds ≈ $324,840.
• Total value involved ≈ $542,378.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Footnotes of note:
  • F1: Withholding represents shares retained to satisfy tax obligations on vested RSUs.
  • F2: The open-market sale was made under a pre-established Rule 10b5-1 trading plan adopted May 28, 2025.
• Filing timeliness: Form 4 filed 2026-03-03 for transactions on 2026-03-01 and 2026-03-02 — appears timely under Form 4 reporting rules.

Context

• The 651-share disposition was a tax-withholding event tied to RSU vesting (routine administrative action).
• The 1,000-share sale was executed under a 10b5-1 plan, meaning it was a pre-arranged trading plan rather than an ad-hoc trade.
• Sales and tax-withholdings are common insider transactions and do not by themselves indicate management sentiment about the company.