CVNA

SEC source: 0001690820-25-000240 · wk-form4_1749682811.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: 860,968

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

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.

SEC source: 0001690820-25-000240 · wk-form4_1749682811.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: 760,968

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 $339.17 to $340.07 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.

SEC source: 0001690820-25-000240 · wk-form4_1749682811.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: 861,063

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 $338.34 to $339.15 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.

SEC source: 0001690820-25-000240 · wk-form4_1749682811.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: 761,062

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 $338.16 to $338.34 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.

SEC source: 0001690820-25-000240 · wk-form4_1749682811.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: 861,418

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 $337.55 to $338.15 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.

SEC source: 0001690820-25-000240 · wk-form4_1749682811.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: 761,418

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 $337.15 to $337.55 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.

SEC source: 0001690820-25-000240 · wk-form4_1749682811.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: 861,963

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 $336.90 to 337.14 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.

SEC source: 0001690820-25-000240 · wk-form4_1749682811.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: 761,962

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

F5 · price: This transaction was executed in multiple trades at prices ranging from $336.14 to $336.90 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.

SEC source: 0001690820-25-000240 · wk-form4_1749682811.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: 862,493

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

F2 · price: This transaction was executed in multiple trades at prices ranging from $335.13 to $335.86, 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.

SEC source: 0001690820-25-000240 · wk-form4_1749682811.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: 762,493

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

F2 · price: This transaction was executed in multiple trades at prices ranging from $335.13 to $335.86, 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.

SEC source: 0001690820-25-000239 · wk-form4_1749682801.xml · nonDerivative · entry 30

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: 862,724

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

F20 · price: This transaction was executed in multiple trades at prices ranging from $334.33 to $335.00 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.

SEC source: 0001690820-25-000239 · wk-form4_1749682801.xml · nonDerivative · entry 29

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: 762,724

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

F19 · price: This transaction was executed in multiple trades at prices ranging from $334.08 to $334.33, 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.

SEC source: 0001690820-25-000239 · wk-form4_1749682801.xml · nonDerivative · entry 28

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: 863,045

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 $333.06 to $334.02, 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.

SEC source: 0001690820-25-000239 · wk-form4_1749682801.xml · nonDerivative · entry 27

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: 763,044

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 $333.06 to $334.02, 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.

SEC source: 0001690820-25-000239 · wk-form4_1749682801.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: 863,975

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 $332.05 to $333.05, 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.

SEC source: 0001690820-25-000239 · wk-form4_1749682801.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: 763,974

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 $332.05 to $333.05, 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.

SEC source: 0001690820-25-000239 · wk-form4_1749682801.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: 864,950

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

F16 · price: This transaction was executed in multiple trades at prices ranging from $331.69 to $332.00 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.

SEC source: 0001690820-25-000239 · wk-form4_1749682801.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: 764,949

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 $331.03 to $331.69, 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.

SEC source: 0001690820-25-000238 · wk-form4_1749682791.xml · nonDerivative · entry 1

KEETON RYAN S. · CIK 0001700542 · Chief Brand Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 136,628

F1 · price: This transaction was executed in multiple trades at prices ranging from $ 340.51 to $341.40, 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.

SEC source: 0001690820-25-000229 · wk-form4_1749511011.xml · derivative · entry 4

JENKINS MARK W. · CIK 0001700540 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 192,873

Underlying: Class A Common Stock · 5,600 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 · kind: The reported option exercises, unit conversions and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 5, 2024.

F4 · kind: The Reporting Person was granted the 200,000 Class B Units on March 24, 2015 with a participation threshold of $4.878, 40,000 of which vested on March 1, 2016 and 3,333 of which vested on the first of each month thereafter. The Class B Units have no expiration date.

F4 · shares: The Reporting Person was granted the 200,000 Class B Units on March 24, 2015 with a participation threshold of $4.878, 40,000 of which vested on March 1, 2016 and 3,333 of which vested on the first of each month thereafter. The Class B Units have no expiration date.

F4 · derivative.exercise_date: The Reporting Person was granted the 200,000 Class B Units on March 24, 2015 with a participation threshold of $4.878, 40,000 of which vested on March 1, 2016 and 3,333 of which vested on the first of each month thereafter. The Class B Units have no expiration date.

F4 · derivative.expiration_date: The Reporting Person was granted the 200,000 Class B Units on March 24, 2015 with a participation threshold of $4.878, 40,000 of which vested on March 1, 2016 and 3,333 of which vested on the first of each month thereafter. The Class B Units have no expiration date.

F3 · derivative.underlying_shares: Pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement"), holders of Class B Units may exchange their Class B Units for a number of shares of the Issuer's Class A Common Stock equal to the Class A Common Stock Value less the Adjusted Participation Threshold (as each term is defined in the Exchange Agreement) multiplied by 0.8 times the number of Class B Units being exchanged, divided by the Class A Common Stock Value.

SEC source: 0001690820-25-000229 · wk-form4_1749511011.xml · derivative · entry 3

JENKINS MARK W. · CIK 0001700540 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Stock · 14,400 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 · kind: The reported option exercises, unit conversions and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 5, 2024.

F2 · kind: Mr. Jenkins was granted the 60,000 Class B Units on January 28, 2016 with a participation threshold of $4.878, 12,000 of which vested on March 1, 2016 and 1,000 of which vested on the first of each month thereafter. The Class B Units have no expiration date.

F2 · shares: Mr. Jenkins was granted the 60,000 Class B Units on January 28, 2016 with a participation threshold of $4.878, 12,000 of which vested on March 1, 2016 and 1,000 of which vested on the first of each month thereafter. The Class B Units have no expiration date.

F2 · derivative.exercise_date: Mr. Jenkins was granted the 60,000 Class B Units on January 28, 2016 with a participation threshold of $4.878, 12,000 of which vested on March 1, 2016 and 1,000 of which vested on the first of each month thereafter. The Class B Units have no expiration date.

F2 · derivative.expiration_date: Mr. Jenkins was granted the 60,000 Class B Units on January 28, 2016 with a participation threshold of $4.878, 12,000 of which vested on March 1, 2016 and 1,000 of which vested on the first of each month thereafter. The Class B Units have no expiration date.

F3 · derivative.underlying_shares: Pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement"), holders of Class B Units may exchange their Class B Units for a number of shares of the Issuer's Class A Common Stock equal to the Class A Common Stock Value less the Adjusted Participation Threshold (as each term is defined in the Exchange Agreement) multiplied by 0.8 times the number of Class B Units being exchanged, divided by the Class A Common Stock Value.

SEC source: 0001690820-25-000229 · wk-form4_1749511011.xml · nonDerivative · entry 2

JENKINS MARK W. · CIK 0001700540 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 212,239

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 · kind: The reported option exercises, unit conversions and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 5, 2024.

F2 · price: Mr. Jenkins was granted the 60,000 Class B Units on January 28, 2016 with a participation threshold of $4.878, 12,000 of which vested on March 1, 2016 and 1,000 of which vested on the first of each month thereafter. The Class B Units have no expiration date.

F3 · price: Pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement"), holders of Class B Units may exchange their Class B Units for a number of shares of the Issuer's Class A Common Stock equal to the Class A Common Stock Value less the Adjusted Participation Threshold (as each term is defined in the Exchange Agreement) multiplied by 0.8 times the number of Class B Units being exchanged, divided by the Class A Common Stock Value.

F4 · price: The Reporting Person was granted the 200,000 Class B Units on March 24, 2015 with a participation threshold of $4.878, 40,000 of which vested on March 1, 2016 and 3,333 of which vested on the first of each month thereafter. The Class B Units have no expiration date.

SEC source: 0000950170-25-084941 · ownership.xml · derivative · 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: 46,302,895

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").

SEC source: 0000950170-25-084941 · 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: 37,042,317

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.

SEC source: 0000950170-25-084941 · ownership.xml · nonDerivative · entry 6

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.

F3 · price: The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $329.03-$330.025, inclusive (weighted average of $329.6762); $330.03-$331.025, inclusive (weighted average of $330.3796); $331.04-$332.005, inclusive (weighted average of $331.4628); and $335.04-$335.60, inclusive (weighted average of $335.3511), 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.

SEC source: 0000950170-25-084941 · ownership.xml · nonDerivative · entry 5

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: 900

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.

SEC source: 0000950170-25-084941 · 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: 1,000

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 $329.03-$330.025, inclusive (weighted average of $329.6762); $330.03-$331.025, inclusive (weighted average of $330.3796); $331.04-$332.005, inclusive (weighted average of $331.4628); and $335.04-$335.60, inclusive (weighted average of $335.3511), 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.

SEC source: 0000950170-25-084941 · 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: 7,232

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 $329.03-$330.025, inclusive (weighted average of $329.6762); $330.03-$331.025, inclusive (weighted average of $330.3796); $331.04-$332.005, inclusive (weighted average of $331.4628); and $335.04-$335.60, inclusive (weighted average of $335.3511), 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.

SEC source: 0000950170-25-084941 · 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: 25,944

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 $329.03-$330.025, inclusive (weighted average of $329.6762); $330.03-$331.025, inclusive (weighted average of $330.3796); $331.04-$332.005, inclusive (weighted average of $331.4628); and $335.04-$335.60, inclusive (weighted average of $335.3511), 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.

SEC source: 0000950170-25-084941 · 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: 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").

SEC source: 0001690820-25-000242 · wk-form4_1749682832.xml · nonDerivative · entry 4

MAROONE MICHAEL E · CIK 0001088011 · Director

10b5-1 filing: No plan indicated

Ownership: Indirect · Katherine C. Maroone Marital Trust

Disclosed balance after: 0

F3 · ownership.nature: Represents shares held directly by the Katherine C. Maroone Marital Trust, where the Reporting Person serves as trustee.

SEC source: 0001690820-25-000242 · wk-form4_1749682832.xml · nonDerivative · entry 3

MAROONE MICHAEL E · CIK 0001088011 · Director

10b5-1 filing: No plan indicated

Ownership: Indirect · Katherine C. Maroone Residuary Trust

Disclosed balance after: 0

F2 · ownership.nature: Represents shares held directly by the Katherine C. Maroone Residuary Trust, where the Reporting Person is beneficiary and trustee.

SEC source: 0001690820-25-000242 · wk-form4_1749682832.xml · nonDerivative · entry 2

MAROONE MICHAEL E · CIK 0001088011 · Director

10b5-1 filing: No plan indicated

Ownership: Indirect · By Estate

Disclosed balance after: 0

F1 · ownership.nature: Represents shares of Class A common stock held through the Estate of Albert Maroone (the "Estate") and reported in the Reporting Person's capacity as executor of the Estate.

SEC source: 0001690820-25-000242 · wk-form4_1749682832.xml · nonDerivative · entry 1

MAROONE MICHAEL E · CIK 0001088011 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 143,573

SEC source: 0001690820-25-000239 · wk-form4_1749682801.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: 865,000

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 $341.89 to $341.90, 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.

SEC source: 0001690820-25-000239 · wk-form4_1749682801.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: 765,000

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 $341.89 to $341.90, 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.

SEC source: 0001690820-25-000239 · wk-form4_1749682801.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: 865,100

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 $340.70 to $341.60, 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.

SEC source: 0001690820-25-000239 · wk-form4_1749682801.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: 765,100

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 $340.70 to $341.60, 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.

SEC source: 0001690820-25-000239 · wk-form4_1749682801.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: 866,382

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 $339.62 to $340.60 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.

SEC source: 0001690820-25-000239 · wk-form4_1749682801.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: 766,382

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 $339.62 to $340.60 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.

SEC source: 0001690820-25-000239 · wk-form4_1749682801.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: 867,750

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 $338.56 to $339.55 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.

SEC source: 0001690820-25-000239 · wk-form4_1749682801.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: 767,750

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 $338.56 to $339.55 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.

SEC source: 0001690820-25-000239 · wk-form4_1749682801.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: 868,250

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 $337.17 to $337.55 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.

SEC source: 0001690820-25-000239 · wk-form4_1749682801.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: 768,250

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 $337.17 to $337.55 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.

SEC source: 0001690820-25-000239 · wk-form4_1749682801.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: 868,450

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 $336.13 to $337.01 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.

SEC source: 0001690820-25-000239 · wk-form4_1749682801.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: 768,450

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 $336.13 to $337.01 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.

SEC source: 0001690820-25-000239 · wk-form4_1749682801.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: 868,950

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

F8 · price: This transaction was executed in multiple trades at prices ranging from $334.98 to $335.60 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.

SEC source: 0001690820-25-000239 · wk-form4_1749682801.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: 768,950

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

F8 · price: This transaction was executed in multiple trades at prices ranging from $334.98 to $335.60 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.

SEC source: 0001690820-25-000239 · wk-form4_1749682801.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: 869,100

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 $333.91 to $333.92 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.

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.

SEC source: 0001690820-25-000239 · wk-form4_1749682801.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: 769,100

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 $333.91 to $333.92 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.

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.