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CVNA

CARVANA CO.

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Tapewire entity
2331
SEC CIK
0001690820
Parsed reports
1,651

Last 12 months

Inside the activity.

5 purchase rows · 371 sale rows

Disclosed non-derivative P/S rows, by transaction month. Includes amendments and private transactions.
Monthly counts
MonthPurchasesSales
Nov 2025058
Dec 2025042
Jan 2026151
Feb 2026045
Mar 2026024
Apr 2026045
May 2026042
Jun 2026013
Jul 2026418
Aug 2026015
Sep 202608
Oct 2026010

Latest available

Insider transactions

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Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction dateOwner / reported roleActivity / securityShares / unitsReported priceReported valueDetails
August 12, 2025 Filed Aug 14, 2025 22:45 UTC SaleClass A Common Stock 3,010 $337.96 $1,017,272.84
Disclosure

SEC source: 0000950170-25-109122 · ownership.xml · nonDerivative · entry 4

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

ECG II SPE, LLC · CIK 0001754720 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 78,184

F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on December 13, 2024.

F3 · price: The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $335.40-$335.43, inclusive (weighted average of $335.4003); $336.40-$337.36, inclusive (weighted average of $337.1186); $337.40-$338.38, inclusive (weighted average of $337.9644); $338.40-$339.39, inclusive (weighted average of $338.8964); $339.40-$340.39, inclusive (weighted average of $339.8805); $340.40-$341.33, inclusive (weighted average of $340.8558); $341.41-$342.38, inclusive (weighted average of $341.9091); and $342.41-$343.40, inclusive (weighted average of $343.1179), respectively. The reporting person undertakes to provide to the issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

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August 12, 2025 Filed Aug 14, 2025 22:45 UTC SaleClass A Common Stock 1,594 $337.12 $537,367.05
Disclosure

SEC source: 0000950170-25-109122 · ownership.xml · nonDerivative · entry 3

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

ECG II SPE, LLC · CIK 0001754720 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 81,194

F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on December 13, 2024.

F3 · price: The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $335.40-$335.43, inclusive (weighted average of $335.4003); $336.40-$337.36, inclusive (weighted average of $337.1186); $337.40-$338.38, inclusive (weighted average of $337.9644); $338.40-$339.39, inclusive (weighted average of $338.8964); $339.40-$340.39, inclusive (weighted average of $339.8805); $340.40-$341.33, inclusive (weighted average of $340.8558); $341.41-$342.38, inclusive (weighted average of $341.9091); and $342.41-$343.40, inclusive (weighted average of $343.1179), respectively. The reporting person undertakes to provide to the issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

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August 12, 2025 Filed Aug 14, 2025 22:45 UTC SaleClass A Common Stock 100 $335.40 $33,540.03
Disclosure

SEC source: 0000950170-25-109122 · ownership.xml · nonDerivative · entry 2

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

ECG II SPE, LLC · CIK 0001754720 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 82,788

F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on December 13, 2024.

F3 · price: The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $335.40-$335.43, inclusive (weighted average of $335.4003); $336.40-$337.36, inclusive (weighted average of $337.1186); $337.40-$338.38, inclusive (weighted average of $337.9644); $338.40-$339.39, inclusive (weighted average of $338.8964); $339.40-$340.39, inclusive (weighted average of $339.8805); $340.40-$341.33, inclusive (weighted average of $340.8558); $341.41-$342.38, inclusive (weighted average of $341.9091); and $342.41-$343.40, inclusive (weighted average of $343.1179), respectively. The reporting person undertakes to provide to the issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

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August 12, 2025 Filed Aug 14, 2025 22:45 UTC ConversionClass A Common Stock 82,888 Not disclosed Not disclosed
Disclosure

SEC source: 0000950170-25-109122 · ownership.xml · nonDerivative · entry 1

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

ECG II SPE, LLC · CIK 0001754720 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 82,888

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement").

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August 11, 2025 Filed Aug 12, 2025 22:49 UTC ConversionClass A Units · Derivative 62,500 $0.00 $0.00
Disclosure

SEC source: 0000950170-25-107504 · ownership.xml · derivative · entry 31

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

ECG II SPE, LLC · CIK 0001754720 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 43,275,364

Underlying: Class A Common Stock · 50,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement").

F1 · derivative.exercise_date: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement").

F1 · derivative.expiration_date: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement").

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August 11, 2025 Filed Aug 12, 2025 22:49 UTC OtherClass B Common Stock 50,000 Not disclosed Not disclosed
Disclosure

SEC source: 0000950170-25-107504 · ownership.xml · nonDerivative · entry 28

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

ECG II SPE, LLC · CIK 0001754720 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 34,620,292

F6 · price: Reflects the cancellation for no consideration of Class B Common Stock of the Issuer ("Class B Shares") in connection with the conversion of Class A Units into Class A Shares. Following the reported transaction, the remaining Class B Shares are owned directly by Ernest C. Garcia II.

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August 11, 2025 Filed Aug 12, 2025 22:49 UTC SaleClass A Common Stock 300 $348.97 $104,691.00
Disclosure

SEC source: 0000950170-25-107504 · ownership.xml · nonDerivative · entry 26

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

ECG II SPE, LLC · CIK 0001754720 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 0

F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on December 13, 2024.

F5 · price: The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $339.27-$340.19, inclusive (weighted average of $339.9863); $340.66-$341.64, inclusive (weighted average of $341.3621); $341.68-$342.61, inclusive (weighted average of $342.086); $342.76-$343.75, inclusive (weighted average of $343.3838); $343.76-$344.75, inclusive (weighted average of $344.2928); $344.76-$345.74, inclusive (weighted average of $345.1149); $345.76-$346.725, inclusive (weighted average of $346.2257); $346.81-$347.78, inclusive (weighted average of $347.1806); $347.87-$348.39, inclusive (weighted average of $348.1658) and $348.95-$348.98, inclusive (weighted average of $348.97), respectively. The reporting person undertakes to provide to the issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

Read SEC document
August 11, 2025 Filed Aug 12, 2025 22:49 UTC SaleClass A Common Stock 1,200 $348.17 $417,798.96
Disclosure

SEC source: 0000950170-25-107504 · ownership.xml · nonDerivative · entry 25

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

ECG II SPE, LLC · CIK 0001754720 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 300

F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on December 13, 2024.

F5 · price: The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $339.27-$340.19, inclusive (weighted average of $339.9863); $340.66-$341.64, inclusive (weighted average of $341.3621); $341.68-$342.61, inclusive (weighted average of $342.086); $342.76-$343.75, inclusive (weighted average of $343.3838); $343.76-$344.75, inclusive (weighted average of $344.2928); $344.76-$345.74, inclusive (weighted average of $345.1149); $345.76-$346.725, inclusive (weighted average of $346.2257); $346.81-$347.78, inclusive (weighted average of $347.1806); $347.87-$348.39, inclusive (weighted average of $348.1658) and $348.95-$348.98, inclusive (weighted average of $348.97), respectively. The reporting person undertakes to provide to the issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

Read SEC document
August 11, 2025 Filed Aug 12, 2025 22:49 UTC SaleClass A Common Stock 2,324 $347.18 $806,847.71
Disclosure

SEC source: 0000950170-25-107504 · ownership.xml · nonDerivative · entry 24

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

ECG II SPE, LLC · CIK 0001754720 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,500

F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on December 13, 2024.

F5 · price: The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $339.27-$340.19, inclusive (weighted average of $339.9863); $340.66-$341.64, inclusive (weighted average of $341.3621); $341.68-$342.61, inclusive (weighted average of $342.086); $342.76-$343.75, inclusive (weighted average of $343.3838); $343.76-$344.75, inclusive (weighted average of $344.2928); $344.76-$345.74, inclusive (weighted average of $345.1149); $345.76-$346.725, inclusive (weighted average of $346.2257); $346.81-$347.78, inclusive (weighted average of $347.1806); $347.87-$348.39, inclusive (weighted average of $348.1658) and $348.95-$348.98, inclusive (weighted average of $348.97), respectively. The reporting person undertakes to provide to the issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

Read SEC document
August 11, 2025 Filed Aug 12, 2025 22:49 UTC SaleClass A Common Stock 5,010 $346.23 $1,734,590.76
Disclosure

SEC source: 0000950170-25-107504 · ownership.xml · nonDerivative · entry 23

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

ECG II SPE, LLC · CIK 0001754720 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 3,824

F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on December 13, 2024.

F5 · price: The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $339.27-$340.19, inclusive (weighted average of $339.9863); $340.66-$341.64, inclusive (weighted average of $341.3621); $341.68-$342.61, inclusive (weighted average of $342.086); $342.76-$343.75, inclusive (weighted average of $343.3838); $343.76-$344.75, inclusive (weighted average of $344.2928); $344.76-$345.74, inclusive (weighted average of $345.1149); $345.76-$346.725, inclusive (weighted average of $346.2257); $346.81-$347.78, inclusive (weighted average of $347.1806); $347.87-$348.39, inclusive (weighted average of $348.1658) and $348.95-$348.98, inclusive (weighted average of $348.97), respectively. The reporting person undertakes to provide to the issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

Read SEC document
August 11, 2025 Filed Aug 12, 2025 22:49 UTC SaleClass A Common Stock 20,165 $345.11 $6,959,241.96
Disclosure

SEC source: 0000950170-25-107504 · ownership.xml · nonDerivative · entry 22

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

ECG II SPE, LLC · CIK 0001754720 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 8,834

F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on December 13, 2024.

F5 · price: The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $339.27-$340.19, inclusive (weighted average of $339.9863); $340.66-$341.64, inclusive (weighted average of $341.3621); $341.68-$342.61, inclusive (weighted average of $342.086); $342.76-$343.75, inclusive (weighted average of $343.3838); $343.76-$344.75, inclusive (weighted average of $344.2928); $344.76-$345.74, inclusive (weighted average of $345.1149); $345.76-$346.725, inclusive (weighted average of $346.2257); $346.81-$347.78, inclusive (weighted average of $347.1806); $347.87-$348.39, inclusive (weighted average of $348.1658) and $348.95-$348.98, inclusive (weighted average of $348.97), respectively. The reporting person undertakes to provide to the issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

Read SEC document
August 11, 2025 Filed Aug 12, 2025 22:49 UTC SaleClass A Common Stock 9,932 $344.29 $3,419,516.09
Disclosure

SEC source: 0000950170-25-107504 · ownership.xml · nonDerivative · entry 21

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

ECG II SPE, LLC · CIK 0001754720 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 28,999

F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on December 13, 2024.

F5 · price: The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $339.27-$340.19, inclusive (weighted average of $339.9863); $340.66-$341.64, inclusive (weighted average of $341.3621); $341.68-$342.61, inclusive (weighted average of $342.086); $342.76-$343.75, inclusive (weighted average of $343.3838); $343.76-$344.75, inclusive (weighted average of $344.2928); $344.76-$345.74, inclusive (weighted average of $345.1149); $345.76-$346.725, inclusive (weighted average of $346.2257); $346.81-$347.78, inclusive (weighted average of $347.1806); $347.87-$348.39, inclusive (weighted average of $348.1658) and $348.95-$348.98, inclusive (weighted average of $348.97), respectively. The reporting person undertakes to provide to the issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

Read SEC document
August 11, 2025 Filed Aug 12, 2025 22:49 UTC SaleClass A Common Stock 5,923 $343.38 $2,033,862.25
Disclosure

SEC source: 0000950170-25-107504 · ownership.xml · nonDerivative · entry 20

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

ECG II SPE, LLC · CIK 0001754720 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 38,931

F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on December 13, 2024.

F5 · price: The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $339.27-$340.19, inclusive (weighted average of $339.9863); $340.66-$341.64, inclusive (weighted average of $341.3621); $341.68-$342.61, inclusive (weighted average of $342.086); $342.76-$343.75, inclusive (weighted average of $343.3838); $343.76-$344.75, inclusive (weighted average of $344.2928); $344.76-$345.74, inclusive (weighted average of $345.1149); $345.76-$346.725, inclusive (weighted average of $346.2257); $346.81-$347.78, inclusive (weighted average of $347.1806); $347.87-$348.39, inclusive (weighted average of $348.1658) and $348.95-$348.98, inclusive (weighted average of $348.97), respectively. The reporting person undertakes to provide to the issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

Read SEC document
August 11, 2025 Filed Aug 12, 2025 22:49 UTC SaleClass A Common Stock 2,319 $342.09 $793,297.43
Disclosure

SEC source: 0000950170-25-107504 · ownership.xml · nonDerivative · entry 19

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

ECG II SPE, LLC · CIK 0001754720 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 44,854

F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on December 13, 2024.

F5 · price: The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $339.27-$340.19, inclusive (weighted average of $339.9863); $340.66-$341.64, inclusive (weighted average of $341.3621); $341.68-$342.61, inclusive (weighted average of $342.086); $342.76-$343.75, inclusive (weighted average of $343.3838); $343.76-$344.75, inclusive (weighted average of $344.2928); $344.76-$345.74, inclusive (weighted average of $345.1149); $345.76-$346.725, inclusive (weighted average of $346.2257); $346.81-$347.78, inclusive (weighted average of $347.1806); $347.87-$348.39, inclusive (weighted average of $348.1658) and $348.95-$348.98, inclusive (weighted average of $348.97), respectively. The reporting person undertakes to provide to the issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

Read SEC document
August 11, 2025 Filed Aug 12, 2025 22:49 UTC SaleClass A Common Stock 2,027 $341.36 $691,940.98
Disclosure

SEC source: 0000950170-25-107504 · ownership.xml · nonDerivative · entry 18

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

ECG II SPE, LLC · CIK 0001754720 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 47,173

F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on December 13, 2024.

F5 · price: The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $339.27-$340.19, inclusive (weighted average of $339.9863); $340.66-$341.64, inclusive (weighted average of $341.3621); $341.68-$342.61, inclusive (weighted average of $342.086); $342.76-$343.75, inclusive (weighted average of $343.3838); $343.76-$344.75, inclusive (weighted average of $344.2928); $344.76-$345.74, inclusive (weighted average of $345.1149); $345.76-$346.725, inclusive (weighted average of $346.2257); $346.81-$347.78, inclusive (weighted average of $347.1806); $347.87-$348.39, inclusive (weighted average of $348.1658) and $348.95-$348.98, inclusive (weighted average of $348.97), respectively. The reporting person undertakes to provide to the issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

Read SEC document
August 11, 2025 Filed Aug 12, 2025 22:49 UTC SaleClass A Common Stock 800 $339.99 $271,989.04
Disclosure

SEC source: 0000950170-25-107504 · ownership.xml · nonDerivative · entry 17

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

ECG II SPE, LLC · CIK 0001754720 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 49,200

F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on December 13, 2024.

F5 · price: The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $339.27-$340.19, inclusive (weighted average of $339.9863); $340.66-$341.64, inclusive (weighted average of $341.3621); $341.68-$342.61, inclusive (weighted average of $342.086); $342.76-$343.75, inclusive (weighted average of $343.3838); $343.76-$344.75, inclusive (weighted average of $344.2928); $344.76-$345.74, inclusive (weighted average of $345.1149); $345.76-$346.725, inclusive (weighted average of $346.2257); $346.81-$347.78, inclusive (weighted average of $347.1806); $347.87-$348.39, inclusive (weighted average of $348.1658) and $348.95-$348.98, inclusive (weighted average of $348.97), respectively. The reporting person undertakes to provide to the issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

Read SEC document
August 11, 2025 Filed Aug 12, 2025 22:49 UTC ConversionClass A Common Stock 50,000 Not disclosed Not disclosed
Disclosure

SEC source: 0000950170-25-107504 · ownership.xml · nonDerivative · entry 16

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

ECG II SPE, LLC · CIK 0001754720 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 50,000

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement").

Read SEC document
August 11, 2025 Filed Aug 13, 2025 22:23 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 51 $348.50 $17,773.50
Disclosure

SEC source: 0001700548-25-000020 · wk-form4_1755123822.xml · nonDerivative · entry 18

GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · Ernest C. Garcia III Multi-Generational Trust III

Disclosed balance after: 656,440

F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.

F16 · price: This transaction was executed in multiple trades at prices ranging from $348.39 to $348.99 inclusive. 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 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust.

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August 11, 2025 Filed Aug 13, 2025 22:23 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 51 $348.50 $17,773.50
Disclosure

SEC source: 0001700548-25-000020 · wk-form4_1755123822.xml · nonDerivative · entry 17

GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · Ernest Irrevocable 2004 Trust III

Disclosed balance after: 556,440

F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.

F16 · price: This transaction was executed in multiple trades at prices ranging from $348.39 to $348.99 inclusive. 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.

F3 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust.

Read SEC document
August 11, 2025 Filed Aug 13, 2025 22:23 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 243 $347.57 $84,459.51
Disclosure

SEC source: 0001700548-25-000020 · wk-form4_1755123822.xml · nonDerivative · entry 16

GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · Ernest C. Garcia III Multi-Generational Trust III

Disclosed balance after: 656,491

F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.

F15 · price: This transaction was executed in multiple trades at prices ranging from $347.22 to $348.13 inclusive. 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 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust.

Read SEC document
August 11, 2025 Filed Aug 13, 2025 22:23 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 243 $347.57 $84,459.51
Disclosure

SEC source: 0001700548-25-000020 · wk-form4_1755123822.xml · nonDerivative · entry 15

GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · Ernest Irrevocable 2004 Trust III

Disclosed balance after: 556,491

F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.

F15 · price: This transaction was executed in multiple trades at prices ranging from $347.22 to $348.13 inclusive. 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.

F3 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust.

Read SEC document
August 11, 2025 Filed Aug 13, 2025 22:23 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 300 $347.00 $104,100.00
Disclosure

SEC source: 0001700548-25-000020 · wk-form4_1755123822.xml · nonDerivative · entry 14

GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · Ernest C. Garcia III Multi-Generational Trust III

Disclosed balance after: 656,734

F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.

F14 · price: This transaction was executed in multiple trades at prices ranging from $346.62 to $347.20 inclusive. 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 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust.

Read SEC document
August 11, 2025 Filed Aug 13, 2025 22:23 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 299 $346.35 $103,558.65
Disclosure

SEC source: 0001700548-25-000020 · wk-form4_1755123822.xml · nonDerivative · entry 13

GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · Ernest Irrevocable 2004 Trust III

Disclosed balance after: 556,734

F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.

F13 · price: This transaction was executed in multiple trades at prices ranging from $346.21 to $346.62 inclusive. 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.

F3 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust.

Read SEC document
August 11, 2025 Filed Aug 13, 2025 22:23 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 928 $345.85 $320,948.80
Disclosure

SEC source: 0001700548-25-000020 · wk-form4_1755123822.xml · nonDerivative · entry 12

GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · Ernest C. Garcia III Multi-Generational Trust III

Disclosed balance after: 657,034

F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.

F12 · price: This transaction was executed in multiple trades at prices ranging from $345.66 to $346.20, inclusive. 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 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust.

Read SEC document
August 11, 2025 Filed Aug 13, 2025 22:23 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 929 $345.37 $320,848.73
Disclosure

SEC source: 0001700548-25-000020 · wk-form4_1755123822.xml · nonDerivative · entry 11

GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · Ernest Irrevocable 2004 Trust III

Disclosed balance after: 557,033

F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.

F11 · price: This transaction was executed in multiple trades at prices ranging from $345.20 to $345.66, inclusive. 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.

F3 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust.

Read SEC document
August 11, 2025 Filed Aug 13, 2025 22:23 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 1,958 $345.02 $675,549.16
Disclosure

SEC source: 0001700548-25-000020 · wk-form4_1755123822.xml · nonDerivative · entry 10

GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · Ernest C. Garcia III Multi-Generational Trust III

Disclosed balance after: 657,962

F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.

F10 · price: This transaction was executed in multiple trades at prices ranging from $344.88 to $345.18 inclusive. 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 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust.

Read SEC document
August 11, 2025 Filed Aug 13, 2025 22:23 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 1,957 $344.60 $674,382.20
Disclosure

SEC source: 0001700548-25-000020 · wk-form4_1755123822.xml · nonDerivative · entry 9

GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · Ernest Irrevocable 2004 Trust III

Disclosed balance after: 557,962

F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.

F9 · price: This transaction was executed in multiple trades at prices ranging from $344.18 to $344.88 inclusive. 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.

F3 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust.

Read SEC document
August 11, 2025 Filed Aug 13, 2025 22:23 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 762 $343.93 $262,074.66
Disclosure

SEC source: 0001700548-25-000020 · wk-form4_1755123822.xml · nonDerivative · entry 8

GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · Ernest C. Garcia III Multi-Generational Trust III

Disclosed balance after: 659,920

F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.

F8 · price: This transaction was executed in multiple trades at prices ranging from $343.85 to $344.16 inclusive. 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 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust.

Read SEC document
August 11, 2025 Filed Aug 13, 2025 22:23 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 763 $343.65 $262,204.95
Disclosure

SEC source: 0001700548-25-000020 · wk-form4_1755123822.xml · nonDerivative · entry 7

GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · Ernest Irrevocable 2004 Trust III

Disclosed balance after: 559,919

F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.

F7 · price: This transaction was executed in multiple trades at prices ranging from $343.17 to $343.85 inclusive. 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.

F3 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust.

Read SEC document
August 11, 2025 Filed Aug 13, 2025 22:23 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 265 $342.85 $90,855.25
Disclosure

SEC source: 0001700548-25-000020 · wk-form4_1755123822.xml · nonDerivative · entry 6

GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · Ernest C. Garcia III Multi-Generational Trust III

Disclosed balance after: 660,682

F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.

F6 · price: This transaction was executed in multiple trades at prices ranging from $342.10 to $343.10, inclusive. 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 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust.

Read SEC document
August 11, 2025 Filed Aug 13, 2025 22:23 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 265 $342.85 $90,855.25
Disclosure

SEC source: 0001700548-25-000020 · wk-form4_1755123822.xml · nonDerivative · entry 5

GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · Ernest Irrevocable 2004 Trust III

Disclosed balance after: 560,682

F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.

F6 · price: This transaction was executed in multiple trades at prices ranging from $342.10 to $343.10, inclusive. 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.

F3 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust.

Read SEC document
August 11, 2025 Filed Aug 13, 2025 22:23 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 334 $341.74 $114,141.16
Disclosure

SEC source: 0001700548-25-000020 · wk-form4_1755123822.xml · nonDerivative · entry 4

GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · Ernest C. Garcia III Multi-Generational Trust III

Disclosed balance after: 660,947

F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.

F5 · price: This transaction was executed in multiple trades at prices ranging from $341.08 to $342.05 inclusive. 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 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust.

Read SEC document
August 11, 2025 Filed Aug 13, 2025 22:23 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 334 $341.74 $114,141.16
Disclosure

SEC source: 0001700548-25-000020 · wk-form4_1755123822.xml · nonDerivative · entry 3

GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · Ernest Irrevocable 2004 Trust III

Disclosed balance after: 560,947

F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.

F5 · price: This transaction was executed in multiple trades at prices ranging from $341.08 to $342.05 inclusive. 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.

F3 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust.

Read SEC document
August 11, 2025 Filed Aug 13, 2025 22:23 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 159 $340.46 $54,133.14
Disclosure

SEC source: 0001700548-25-000020 · wk-form4_1755123822.xml · nonDerivative · entry 2

GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · Ernest C. Garcia III Multi-Generational Trust III

Disclosed balance after: 661,281

F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.

F2 · price: This transaction was executed in multiple trades at prices ranging from $339.89 to $340.67 inclusive. 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 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust.

Read SEC document
August 11, 2025 Filed Aug 13, 2025 22:23 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 159 $340.46 $54,133.14
Disclosure

SEC source: 0001700548-25-000020 · wk-form4_1755123822.xml · nonDerivative · entry 1

GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · Ernest Irrevocable 2004 Trust III

Disclosed balance after: 561,281

F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.

F2 · price: This transaction was executed in multiple trades at prices ranging from $339.89 to $340.67 inclusive. 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.

F3 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust.

Read SEC document
August 08, 2025 Filed Aug 11, 2025 21:15 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 53 $357.23 $18,933.19
Disclosure

SEC source: 0001700548-25-000018 · wk-form4_1754946928.xml · nonDerivative · entry 26

GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · Ernest C. Garcia III Multi-Generational Trust III

Disclosed balance after: 661,440

F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.

F5 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust.

Read SEC document
August 08, 2025 Filed Aug 11, 2025 21:15 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 52 $357.23 $18,575.96
Disclosure

SEC source: 0001700548-25-000018 · wk-form4_1754946928.xml · nonDerivative · entry 25

GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · Ernest Irrevocable 2004 Trust III

Disclosed balance after: 561,440

F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.

F3 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust.

Read SEC document
August 08, 2025 Filed Aug 11, 2025 21:15 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 16 $354.11 $5,665.76
Disclosure

SEC source: 0001700548-25-000018 · wk-form4_1754946928.xml · nonDerivative · entry 24

GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · Ernest C. Garcia III Multi-Generational Trust III

Disclosed balance after: 661,493

F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.

F5 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust.

Read SEC document
August 08, 2025 Filed Aug 11, 2025 21:15 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 17 $354.11 $6,019.87
Disclosure

SEC source: 0001700548-25-000018 · wk-form4_1754946928.xml · nonDerivative · entry 23

GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · Ernest Irrevocable 2004 Trust III

Disclosed balance after: 561,492

F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.

F3 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust.

Read SEC document
August 08, 2025 Filed Aug 11, 2025 21:15 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 196 $352.80 $69,148.80
Disclosure

SEC source: 0001700548-25-000018 · wk-form4_1754946928.xml · nonDerivative · entry 22

GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · Ernest C. Garcia III Multi-Generational Trust III

Disclosed balance after: 661,509

F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.

F18 · price: This transaction was executed in multiple trades at prices ranging from $352.80 to $352.82 inclusive. 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.

F5 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust.

Read SEC document
August 08, 2025 Filed Aug 11, 2025 21:15 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 195 $352.59 $68,755.05
Disclosure

SEC source: 0001700548-25-000018 · wk-form4_1754946928.xml · nonDerivative · entry 21

GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · Ernest Irrevocable 2004 Trust III

Disclosed balance after: 561,509

F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.

F17 · price: This transaction was executed in multiple trades at prices ranging from $352.44 to $352.80 inclusive. 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.

F3 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust.

Read SEC document
August 08, 2025 Filed Aug 11, 2025 21:15 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 246 $351.62 $86,498.52
Disclosure

SEC source: 0001700548-25-000018 · wk-form4_1754946928.xml · nonDerivative · entry 20

GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · Ernest C. Garcia III Multi-Generational Trust III

Disclosed balance after: 661,705

F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.

F16 · price: This transaction was executed in multiple trades at prices ranging from $351.17 to $351.96 inclusive. 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.

F5 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust.

Read SEC document
August 08, 2025 Filed Aug 11, 2025 21:15 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 246 $351.62 $86,498.52
Disclosure

SEC source: 0001700548-25-000018 · wk-form4_1754946928.xml · nonDerivative · entry 19

GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · Ernest Irrevocable 2004 Trust III

Disclosed balance after: 561,704

F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.

F16 · price: This transaction was executed in multiple trades at prices ranging from $351.17 to $351.96 inclusive. 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.

F3 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust.

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August 08, 2025 Filed Aug 11, 2025 21:15 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 208 $350.28 $72,858.24
Disclosure

SEC source: 0001700548-25-000018 · wk-form4_1754946928.xml · nonDerivative · entry 18

GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · Ernest C. Garcia III Multi-Generational Trust III

Disclosed balance after: 661,951

F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.

F15 · price: This transaction was executed in multiple trades at prices ranging from $350.06 to $351.03 inclusive. 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.

F5 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust.

Read SEC document
August 08, 2025 Filed Aug 11, 2025 21:15 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 208 $350.28 $72,858.24
Disclosure

SEC source: 0001700548-25-000018 · wk-form4_1754946928.xml · nonDerivative · entry 17

GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · Ernest Irrevocable 2004 Trust III

Disclosed balance after: 561,950

F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.

F15 · price: This transaction was executed in multiple trades at prices ranging from $350.06 to $351.03 inclusive. 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.

F3 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust.

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August 08, 2025 Filed Aug 11, 2025 21:15 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 152 $349.71 $53,155.92
Disclosure

SEC source: 0001700548-25-000018 · wk-form4_1754946928.xml · nonDerivative · entry 16

GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · Ernest C. Garcia III Multi-Generational Trust III

Disclosed balance after: 662,159

F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.

F14 · price: This transaction was executed in multiple trades at prices ranging from $349.44 to $349.92 inclusive. 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.

F5 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust.

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August 08, 2025 Filed Aug 11, 2025 21:15 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 153 $349.13 $53,416.89
Disclosure

SEC source: 0001700548-25-000018 · wk-form4_1754946928.xml · nonDerivative · entry 15

GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · Ernest Irrevocable 2004 Trust III

Disclosed balance after: 562,158

F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.

F13 · price: This transaction was executed in multiple trades at prices ranging from $349.01 to $349.44 inclusive. 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.

F3 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust.

Read SEC document
August 08, 2025 Filed Aug 11, 2025 21:15 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 286 $348.26 $99,602.36
Disclosure

SEC source: 0001700548-25-000018 · wk-form4_1754946928.xml · nonDerivative · entry 14

GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · Ernest C. Garcia III Multi-Generational Trust III

Disclosed balance after: 662,311

F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.

F12 · price: This transaction was executed in multiple trades at prices ranging from $347.95 to $348.68 inclusive. 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.

F5 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust.

Read SEC document
August 08, 2025 Filed Aug 11, 2025 21:15 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 286 $348.26 $99,602.36
Disclosure

SEC source: 0001700548-25-000018 · wk-form4_1754946928.xml · nonDerivative · entry 13

GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · Ernest Irrevocable 2004 Trust III

Disclosed balance after: 562,311

F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.

F12 · price: This transaction was executed in multiple trades at prices ranging from $347.95 to $348.68 inclusive. 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.

F3 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust.

Read SEC document
August 08, 2025 Filed Aug 11, 2025 21:15 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 527 $347.41 $183,085.07
Disclosure

SEC source: 0001700548-25-000018 · wk-form4_1754946928.xml · nonDerivative · entry 12

GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · Ernest C. Garcia III Multi-Generational Trust III

Disclosed balance after: 662,597

F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.

F11 · price: This transaction was executed in multiple trades at prices ranging from $346.93 to $347.93, inclusive. 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.

F5 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust.

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Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.