Palmer Stephen R 4
4 · CARVANA CO. · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
Carvana (CVNA) VP Stephen R. Palmer Sells Shares
What Happened
Stephen R. Palmer, Vice President of Accounting at Carvana (CVNA), disposed of a total of 8,021 shares on July 1, 2026, for aggregate proceeds of approximately $547,667. The activity consisted of 3,021 shares withheld to cover taxes upon RSU vesting (cashless withholding) at a VWAP of $67.87 (~$205,035) and seven open-market sales totaling 5,000 shares executed under a previously adopted Rule 10b5-1 plan (May 28, 2025) at volume-weighted average prices ranging from ~$65.13 to ~$70.52 for the different sale blocks (aggregate proceeds ~ $342,632). All transactions are sales (not purchases).
Key Details
- Transaction date: July 1, 2026; Form 4 filed July 2, 2026 (timely).
- Total shares disposed: 8,021; total value ≈ $547,667.
- Breakdown:
- Tax withholding (F): 3,021 shares @ $67.87 = $205,035 (withheld on RSU vesting).
- Open-market sales (S) under 10b5-1: 280 @ $65.13, 360 @ $66.09, 1,320 @ $67.81, 1,360 @ $68.47, 600 @ $69.69, 1,080 @ $70.52 (combined ≈ $342,632).
- Notable footnotes: sales were effected under a 10b5-1 trading plan (adopted May 28, 2025); reported prices are VWAPs and the filing discloses trade price ranges for each block (ranges $64.66–$70.71 depending on block). The filer offers to provide per-trade detail upon request to regulators or holders.
- Shares owned after the transactions: not specified in the data provided.
Context
- The 3,021-share transaction is tax withholding related to vested restricted stock units (a routine cashless withholding, coded F). The remaining disposals were open-market sales executed pursuant to a pre-established 10b5-1 plan (coded S), which is a common mechanism for insiders to sell shares according to a predetermined schedule.
- These are sales (not buys), which are often routine (tax withholding or plan-driven) and do not by themselves indicate insider sentiment.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1]2026-07-01$67.87/sh−3,021$205,035→ 149,934 total - Sale
Class A Common Stock
[F2][F3][F4]2026-07-01$65.13/sh−280$18,236→ 149,654 total - Sale
Class A Common Stock
[F2][F3][F5]2026-07-01$66.09/sh−360$23,792→ 149,294 total - Sale
Class A Common Stock
[F2][F3][F6]2026-07-01$67.81/sh−1,320$89,509→ 147,974 total - Sale
Class A Common Stock
[F2][F3][F7]2026-07-01$68.47/sh−1,360$93,119→ 146,614 total - Sale
Class A Common Stock
[F2][F3][F8]2026-07-01$69.69/sh−600$41,814→ 146,014 total - Sale
Class A Common Stock
[F2][F3][F9]2026-07-01$70.52/sh−1,080$76,162→ 144,934 total
Footnotes (9)
- [F1]Represents total number of shares of Class A Common Stock of the Issuer withheld for taxes upon vesting of restricted stock units pursuant to various awards.
- [F2]The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 28, 2025 (the "10b5-1 Plan").
- [F3]The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
- [F4]This transaction was executed in multiple trades at prices ranging from $64.66 to $65.52 inclusive.
- [F5]This transaction was executed in multiple trades at prices ranging from $65.78 to $66.49 inclusive.
- [F6]This transaction was executed in multiple trades at prices ranging from $67.13 to $68.12 inclusive.
- [F7]This transaction was executed in multiple trades at prices ranging from $68.13 to $69.09 inclusive.
- [F8]This transaction was executed in multiple trades at prices ranging from $69.25 to $70.12 inclusive.
- [F9]This transaction was executed in multiple trades at prices ranging from $70.29 to $70.71 inclusive.