Palmer Stephen R 4

What Happened

• Stephen R. Palmer, Vice President of Accounting at Carvana (CVNA), disposed of a total of 1,650 shares on April 1, 2026. This included an open-market sale of 1,000 shares at $317.50 per share ($317,500) and 650 shares withheld to cover taxes on vested RSUs at an implied value of $312.09 per share ($202,858). Combined value of the dispositions is approximately $520,358.
• These were disposals (sales and tax withholding), not purchases — commonly routine insider activity rather than an explicit buy signal.

Key Details

• Transaction dates and prices:
  • Apr 1, 2026 — Open-market sale (S): 1,000 shares @ $317.50 = $317,500.
  • Apr 1, 2026 — Tax withholding on RSU vesting (F): 650 shares @ $312.09 = $202,858.
• Shares owned after the transactions: not provided in the information supplied in this summary (refer to the full Form 4 for holdings).
• Footnotes:
  • F1: 650 shares were withheld to satisfy taxes upon vesting of restricted stock units.
  • F2: The 1,000-share sale was executed under a Rule 10b5-1 trading plan adopted by the reporting person on May 28, 2025.
• Filing: Report filed Apr 3, 2026, reporting transactions on Apr 1, 2026 (see the Form 4 for exact filing timeliness).

Context

• Tax-withholding on RSU vesting is routine and simply reflects shares surrendered to cover tax obligations; it does not necessarily indicate a deliberate decision to depart from the company or a market view.
• Sales executed under a 10b5-1 plan are pre-arranged and typically scheduled in advance, which makes them less informative about the insider’s short-term sentiment.