Palmer Stephen R 4

What Happened Stephen R. Palmer, Vice President of Accounting at Carvana Co. (CVNA), sold 1,000 shares on 2026-05-01 at $395.32 per share, generating proceeds of $395,320. The filing reports the transaction as a sale (code S) executed via an open-market or private sale.

Key Details

• Transaction date and price: 2026-05-01, 1,000 shares at $395.32 each (total $395,320).
• Shares owned after transaction: Not reported in the Form 4 filing.
• Footnote: The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 28, 2025.
• Timeliness: Reported on 2026-05-01 (same day as the transaction); filing appears timely (no late filing indicated).

Context

• A 10b5-1 plan allows insiders to pre-arrange trades at a later date; transactions under such plans are often routine and do not necessarily reflect the insider’s current view of the company. This was a sale, which is generally less informative than purchases for inferring insider bullishness.