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CVNA

CARVANA CO.

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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
June 09, 2025 Filed Jun 11, 2025 23:00 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 200 $332.96 $66,592.00
Disclosure

SEC source: 0001690820-25-000239 · wk-form4_1749682801.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: 869,250

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

F6 · price: This transaction was executed in multiple trades at prices ranging from $332.79 to $333.11 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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June 09, 2025 Filed Jun 11, 2025 23:00 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 200 $332.96 $66,592.00
Disclosure

SEC source: 0001690820-25-000239 · wk-form4_1749682801.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: 769,250

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

F6 · price: This transaction was executed in multiple trades at prices ranging from $332.79 to $333.11 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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June 09, 2025 Filed Jun 11, 2025 23:00 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 300 $331.72 $99,516.00
Disclosure

SEC source: 0001690820-25-000239 · wk-form4_1749682801.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: 869,450

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

F5 · price: This transaction was executed in multiple trades at prices ranging from $331.43 to $331.98 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
June 09, 2025 Filed Jun 11, 2025 23:00 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 300 $331.72 $99,516.00
Disclosure

SEC source: 0001690820-25-000239 · wk-form4_1749682801.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: 769,450

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

F5 · price: This transaction was executed in multiple trades at prices ranging from $331.43 to $331.98 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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June 09, 2025 Filed Jun 11, 2025 23:00 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 250 $330.56 $82,640.00
Disclosure

SEC source: 0001690820-25-000239 · wk-form4_1749682801.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: 869,750

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

F2 · price: This transaction was executed in multiple trades at prices ranging from $330.19 to $331.04, 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
June 09, 2025 Filed Jun 11, 2025 23:00 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 250 $330.56 $82,640.00
Disclosure

SEC source: 0001690820-25-000239 · wk-form4_1749682801.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: 769,750

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

F2 · price: This transaction was executed in multiple trades at prices ranging from $330.19 to $331.04, 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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June 06, 2025 Filed Jun 9, 2025 21:15 UTC ConversionClass A Units · Derivative 125,000 $0.00 $0.00
Disclosure

SEC source: 0000950170-25-083848 · ownership.xml · derivative · 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: 46,365,395

Underlying: Class A Common Stock · 100,000 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").

Read SEC document
June 06, 2025 Filed Jun 9, 2025 21:15 UTC OtherClass B Common Stock 100,000 Not disclosed Not disclosed
Disclosure

SEC source: 0000950170-25-083848 · 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: 37,092,317

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.

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June 06, 2025 Filed Jun 9, 2025 21:15 UTC SaleClass A Common Stock 510 $351.43 $179,229.30
Disclosure

SEC source: 0000950170-25-083848 · 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: 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.

Read SEC document
June 06, 2025 Filed Jun 9, 2025 21:15 UTC SaleClass A Common Stock 27,193 $350.87 $9,541,335.72
Disclosure

SEC source: 0000950170-25-083848 · 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: 510

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.

F4 · price: Prices reported in Column 4 are weighted average prices. Shares sold in multiple transactions at prices ranging from $339.34-$340.32, inclusive (weighted average of $339.9544); $340.34-$341.33, inclusive (weighted average of $340.9715); $341.34-$342.33, inclusive (weighted average of $341.8719); $342.34-$343.33, inclusive (weighted average of $342.5722); $343.39-$344.37, inclusive (weighted average of $344.0240); $344.49-$345.48, inclusive (weighted average of $344.9787); $345.525-$346.52, inclusive (weighted average of $346.1523); $346.535-$347.50, inclusive (weighted average of $346.8999); $348.27-$349.25, inclusive (weighted average of $348.8188); $349.39-$350.37, inclusive (weighted average of $350.1488); $350.41-$351.32, inclusive (weighted average of $350.8747), respectively.

F5 · price: Reporting person undertakes to provide to issuer or staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein.

Read SEC document
June 06, 2025 Filed Jun 9, 2025 21:15 UTC SaleClass A Common Stock 25,497 $350.15 $8,927,743.95
Disclosure

SEC source: 0000950170-25-083848 · 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: 27,703

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.

F4 · price: Prices reported in Column 4 are weighted average prices. Shares sold in multiple transactions at prices ranging from $339.34-$340.32, inclusive (weighted average of $339.9544); $340.34-$341.33, inclusive (weighted average of $340.9715); $341.34-$342.33, inclusive (weighted average of $341.8719); $342.34-$343.33, inclusive (weighted average of $342.5722); $343.39-$344.37, inclusive (weighted average of $344.0240); $344.49-$345.48, inclusive (weighted average of $344.9787); $345.525-$346.52, inclusive (weighted average of $346.1523); $346.535-$347.50, inclusive (weighted average of $346.8999); $348.27-$349.25, inclusive (weighted average of $348.8188); $349.39-$350.37, inclusive (weighted average of $350.1488); $350.41-$351.32, inclusive (weighted average of $350.8747), respectively.

F5 · price: Reporting person undertakes to provide to issuer or staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein.

Read SEC document
June 06, 2025 Filed Jun 9, 2025 21:15 UTC SaleClass A Common Stock 1,800 $348.82 $627,873.84
Disclosure

SEC source: 0000950170-25-083848 · 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: 53,200

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.

F4 · price: Prices reported in Column 4 are weighted average prices. Shares sold in multiple transactions at prices ranging from $339.34-$340.32, inclusive (weighted average of $339.9544); $340.34-$341.33, inclusive (weighted average of $340.9715); $341.34-$342.33, inclusive (weighted average of $341.8719); $342.34-$343.33, inclusive (weighted average of $342.5722); $343.39-$344.37, inclusive (weighted average of $344.0240); $344.49-$345.48, inclusive (weighted average of $344.9787); $345.525-$346.52, inclusive (weighted average of $346.1523); $346.535-$347.50, inclusive (weighted average of $346.8999); $348.27-$349.25, inclusive (weighted average of $348.8188); $349.39-$350.37, inclusive (weighted average of $350.1488); $350.41-$351.32, inclusive (weighted average of $350.8747), respectively.

F5 · price: Reporting person undertakes to provide to issuer or staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein.

Read SEC document
June 06, 2025 Filed Jun 9, 2025 21:15 UTC SaleClass A Common Stock 1,873 $346.90 $649,743.51
Disclosure

SEC source: 0000950170-25-083848 · 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: 55,000

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.

F4 · price: Prices reported in Column 4 are weighted average prices. Shares sold in multiple transactions at prices ranging from $339.34-$340.32, inclusive (weighted average of $339.9544); $340.34-$341.33, inclusive (weighted average of $340.9715); $341.34-$342.33, inclusive (weighted average of $341.8719); $342.34-$343.33, inclusive (weighted average of $342.5722); $343.39-$344.37, inclusive (weighted average of $344.0240); $344.49-$345.48, inclusive (weighted average of $344.9787); $345.525-$346.52, inclusive (weighted average of $346.1523); $346.535-$347.50, inclusive (weighted average of $346.8999); $348.27-$349.25, inclusive (weighted average of $348.8188); $349.39-$350.37, inclusive (weighted average of $350.1488); $350.41-$351.32, inclusive (weighted average of $350.8747), respectively.

F5 · price: Reporting person undertakes to provide to issuer or staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein.

Read SEC document
June 06, 2025 Filed Jun 9, 2025 21:15 UTC SaleClass A Common Stock 5,267 $346.15 $1,823,184.16
Disclosure

SEC source: 0000950170-25-083848 · 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: 56,873

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.

F4 · price: Prices reported in Column 4 are weighted average prices. Shares sold in multiple transactions at prices ranging from $339.34-$340.32, inclusive (weighted average of $339.9544); $340.34-$341.33, inclusive (weighted average of $340.9715); $341.34-$342.33, inclusive (weighted average of $341.8719); $342.34-$343.33, inclusive (weighted average of $342.5722); $343.39-$344.37, inclusive (weighted average of $344.0240); $344.49-$345.48, inclusive (weighted average of $344.9787); $345.525-$346.52, inclusive (weighted average of $346.1523); $346.535-$347.50, inclusive (weighted average of $346.8999); $348.27-$349.25, inclusive (weighted average of $348.8188); $349.39-$350.37, inclusive (weighted average of $350.1488); $350.41-$351.32, inclusive (weighted average of $350.8747), respectively.

F5 · price: Reporting person undertakes to provide to issuer or staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein.

Read SEC document
June 06, 2025 Filed Jun 9, 2025 21:15 UTC SaleClass A Common Stock 3,185 $344.98 $1,098,757.16
Disclosure

SEC source: 0000950170-25-083848 · ownership.xml · nonDerivative · entry 15

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: 62,140

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.

F4 · price: Prices reported in Column 4 are weighted average prices. Shares sold in multiple transactions at prices ranging from $339.34-$340.32, inclusive (weighted average of $339.9544); $340.34-$341.33, inclusive (weighted average of $340.9715); $341.34-$342.33, inclusive (weighted average of $341.8719); $342.34-$343.33, inclusive (weighted average of $342.5722); $343.39-$344.37, inclusive (weighted average of $344.0240); $344.49-$345.48, inclusive (weighted average of $344.9787); $345.525-$346.52, inclusive (weighted average of $346.1523); $346.535-$347.50, inclusive (weighted average of $346.8999); $348.27-$349.25, inclusive (weighted average of $348.8188); $349.39-$350.37, inclusive (weighted average of $350.1488); $350.41-$351.32, inclusive (weighted average of $350.8747), respectively.

F5 · price: Reporting person undertakes to provide to issuer or staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein.

Read SEC document
June 06, 2025 Filed Jun 9, 2025 21:15 UTC SaleClass A Common Stock 3,375 $344.02 $1,161,081.00
Disclosure

SEC source: 0000950170-25-083848 · ownership.xml · nonDerivative · entry 14

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: 65,325

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.

F4 · price: Prices reported in Column 4 are weighted average prices. Shares sold in multiple transactions at prices ranging from $339.34-$340.32, inclusive (weighted average of $339.9544); $340.34-$341.33, inclusive (weighted average of $340.9715); $341.34-$342.33, inclusive (weighted average of $341.8719); $342.34-$343.33, inclusive (weighted average of $342.5722); $343.39-$344.37, inclusive (weighted average of $344.0240); $344.49-$345.48, inclusive (weighted average of $344.9787); $345.525-$346.52, inclusive (weighted average of $346.1523); $346.535-$347.50, inclusive (weighted average of $346.8999); $348.27-$349.25, inclusive (weighted average of $348.8188); $349.39-$350.37, inclusive (weighted average of $350.1488); $350.41-$351.32, inclusive (weighted average of $350.8747), respectively.

F5 · price: Reporting person undertakes to provide to issuer or staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein.

Read SEC document
June 06, 2025 Filed Jun 9, 2025 21:15 UTC SaleClass A Common Stock 8,322 $342.57 $2,850,885.85
Disclosure

SEC source: 0000950170-25-083848 · ownership.xml · nonDerivative · entry 13

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: 68,700

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.

F4 · price: Prices reported in Column 4 are weighted average prices. Shares sold in multiple transactions at prices ranging from $339.34-$340.32, inclusive (weighted average of $339.9544); $340.34-$341.33, inclusive (weighted average of $340.9715); $341.34-$342.33, inclusive (weighted average of $341.8719); $342.34-$343.33, inclusive (weighted average of $342.5722); $343.39-$344.37, inclusive (weighted average of $344.0240); $344.49-$345.48, inclusive (weighted average of $344.9787); $345.525-$346.52, inclusive (weighted average of $346.1523); $346.535-$347.50, inclusive (weighted average of $346.8999); $348.27-$349.25, inclusive (weighted average of $348.8188); $349.39-$350.37, inclusive (weighted average of $350.1488); $350.41-$351.32, inclusive (weighted average of $350.8747), respectively.

F5 · price: Reporting person undertakes to provide to issuer or staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein.

Read SEC document
June 06, 2025 Filed Jun 9, 2025 21:15 UTC SaleClass A Common Stock 8,942 $341.87 $3,057,018.53
Disclosure

SEC source: 0000950170-25-083848 · ownership.xml · nonDerivative · entry 12

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: 77,022

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.

F4 · price: Prices reported in Column 4 are weighted average prices. Shares sold in multiple transactions at prices ranging from $339.34-$340.32, inclusive (weighted average of $339.9544); $340.34-$341.33, inclusive (weighted average of $340.9715); $341.34-$342.33, inclusive (weighted average of $341.8719); $342.34-$343.33, inclusive (weighted average of $342.5722); $343.39-$344.37, inclusive (weighted average of $344.0240); $344.49-$345.48, inclusive (weighted average of $344.9787); $345.525-$346.52, inclusive (weighted average of $346.1523); $346.535-$347.50, inclusive (weighted average of $346.8999); $348.27-$349.25, inclusive (weighted average of $348.8188); $349.39-$350.37, inclusive (weighted average of $350.1488); $350.41-$351.32, inclusive (weighted average of $350.8747), respectively.

F5 · price: Reporting person undertakes to provide to issuer or staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein.

Read SEC document
June 06, 2025 Filed Jun 9, 2025 21:15 UTC SaleClass A Common Stock 10,690 $340.97 $3,644,985.34
Disclosure

SEC source: 0000950170-25-083848 · ownership.xml · nonDerivative · entry 11

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: 85,964

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.

F4 · price: Prices reported in Column 4 are weighted average prices. Shares sold in multiple transactions at prices ranging from $339.34-$340.32, inclusive (weighted average of $339.9544); $340.34-$341.33, inclusive (weighted average of $340.9715); $341.34-$342.33, inclusive (weighted average of $341.8719); $342.34-$343.33, inclusive (weighted average of $342.5722); $343.39-$344.37, inclusive (weighted average of $344.0240); $344.49-$345.48, inclusive (weighted average of $344.9787); $345.525-$346.52, inclusive (weighted average of $346.1523); $346.535-$347.50, inclusive (weighted average of $346.8999); $348.27-$349.25, inclusive (weighted average of $348.8188); $349.39-$350.37, inclusive (weighted average of $350.1488); $350.41-$351.32, inclusive (weighted average of $350.8747), respectively.

F5 · price: Reporting person undertakes to provide to issuer or staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein.

Read SEC document
June 06, 2025 Filed Jun 9, 2025 21:15 UTC SaleClass A Common Stock 3,346 $339.95 $1,137,487.42
Disclosure

SEC source: 0000950170-25-083848 · ownership.xml · nonDerivative · entry 10

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: 96,654

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.

F4 · price: Prices reported in Column 4 are weighted average prices. Shares sold in multiple transactions at prices ranging from $339.34-$340.32, inclusive (weighted average of $339.9544); $340.34-$341.33, inclusive (weighted average of $340.9715); $341.34-$342.33, inclusive (weighted average of $341.8719); $342.34-$343.33, inclusive (weighted average of $342.5722); $343.39-$344.37, inclusive (weighted average of $344.0240); $344.49-$345.48, inclusive (weighted average of $344.9787); $345.525-$346.52, inclusive (weighted average of $346.1523); $346.535-$347.50, inclusive (weighted average of $346.8999); $348.27-$349.25, inclusive (weighted average of $348.8188); $349.39-$350.37, inclusive (weighted average of $350.1488); $350.41-$351.32, inclusive (weighted average of $350.8747), respectively.

F5 · price: Reporting person undertakes to provide to issuer or staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein.

Read SEC document
June 06, 2025 Filed Jun 9, 2025 21:15 UTC ConversionClass A Common Stock 100,000 Not disclosed Not disclosed
Disclosure

SEC source: 0000950170-25-083848 · ownership.xml · nonDerivative · entry 9

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: 100,000

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").

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June 06, 2025 Filed Jun 9, 2025 23:17 UTC
GILL DANIEL J.Chief Product Officer
Exercise / conversionStock Options (Right to Buy) · Derivative 25,400 $0.00 Strike: $10.07 $0.00
Disclosure

SEC source: 0001690820-25-000230 · wk-form4_1749511053.xml · derivative · entry 4

GILL DANIEL J. · CIK 0001700538 · Chief Product Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 257,886

Underlying: Class A Common Stock · 25,400 shares

Expires 2033-02-22

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 and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024 (the "10b5-1 Plan").

F4 · derivative.exercise_date: The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vested 25% on April 1, 2024 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

Read SEC document
June 06, 2025 Filed Jun 9, 2025 23:17 UTC
GILL DANIEL J.Chief Product Officer
SaleClass A Common Stock 4,900 $351.16 $1,720,684.00
Disclosure

SEC source: 0001690820-25-000230 · wk-form4_1749511053.xml · nonDerivative · entry 3

GILL DANIEL J. · CIK 0001700538 · Chief Product Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 199,756

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

F3 · price: This transaction was executed in multiple trades at prices ranging from $351.02 to $351.20, 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.

Read SEC document
June 06, 2025 Filed Jun 9, 2025 23:17 UTC
GILL DANIEL J.Chief Product Officer
SaleClass A Common Stock 20,500 $350.46 $7,184,430.00
Disclosure

SEC source: 0001690820-25-000230 · wk-form4_1749511053.xml · nonDerivative · entry 2

GILL DANIEL J. · CIK 0001700538 · Chief Product Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 204,656

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

F2 · price: This transaction was executed in multiple trades at prices ranging from $350.00 to $350.99 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.

Read SEC document
June 06, 2025 Filed Jun 9, 2025 23:17 UTC
GILL DANIEL J.Chief Product Officer
Exercise / conversionClass A Common Stock 25,400 $10.07 $255,778.00
Disclosure

SEC source: 0001690820-25-000230 · wk-form4_1749511053.xml · nonDerivative · entry 1

GILL DANIEL J. · CIK 0001700538 · Chief Product Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 225,156

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 · shares: The reported option exercises and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024 (the "10b5-1 Plan").

Read SEC document
June 06, 2025 Filed Jun 9, 2025 23:17 UTC
JENKINS MARK W.Chief Financial Officer
SaleClass A Common Stock 20,000 $350.00 $7,000,000.00
Disclosure

SEC source: 0001690820-25-000229 · wk-form4_1749511011.xml · nonDerivative · entry 1

JENKINS MARK W. · CIK 0001700540 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 192,239

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.

Read SEC document
June 06, 2025 Filed Jun 9, 2025 23:16 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 319 $345.37 $110,173.03
Disclosure

SEC source: 0001690820-25-000227 · wk-form4_1749510914.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: 870,931

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

F26 · price: This transaction was executed in multiple trades at prices ranging from $344.99 to $345.98, 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
June 06, 2025 Filed Jun 9, 2025 23:16 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 319 $345.37 $110,173.03
Disclosure

SEC source: 0001690820-25-000227 · wk-form4_1749510914.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: 770,931

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

F26 · price: This transaction was executed in multiple trades at prices ranging from $344.99 to $345.98, 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
June 06, 2025 Filed Jun 9, 2025 23:16 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 450 $344.29 $154,930.50
Disclosure

SEC source: 0001690820-25-000227 · wk-form4_1749510914.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: 871,250

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

F25 · price: This transaction was executed in multiple trades at prices ranging from $343.82 to $344.81, 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
June 06, 2025 Filed Jun 9, 2025 23:16 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 450 $344.29 $154,930.50
Disclosure

SEC source: 0001690820-25-000227 · wk-form4_1749510914.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: 771,250

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

F25 · price: This transaction was executed in multiple trades at prices ranging from $343.82 to $344.81, 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
June 06, 2025 Filed Jun 9, 2025 23:16 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 178 $342.92 $61,039.76
Disclosure

SEC source: 0001690820-25-000227 · wk-form4_1749510914.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: 871,700

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

F24 · price: This transaction was executed in multiple trades at prices ranging from $342.84 to $342.98, 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
June 06, 2025 Filed Jun 9, 2025 23:16 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 177 $342.76 $60,668.52
Disclosure

SEC source: 0001690820-25-000227 · wk-form4_1749510914.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: 771,700

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

F23 · price: This transaction was executed in multiple trades at prices ranging from $342.72 to $342.84, 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
June 06, 2025 Filed Jun 9, 2025 23:16 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 1,272 $342.47 $435,621.84
Disclosure

SEC source: 0001690820-25-000227 · wk-form4_1749510914.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: 871,878

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

F22 · price: This transaction was executed in multiple trades at prices ranging from $342.36 to $342.70, 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
June 06, 2025 Filed Jun 9, 2025 23:16 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 1,273 $342.08 $435,467.84
Disclosure

SEC source: 0001690820-25-000227 · wk-form4_1749510914.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: 771,877

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

F21 · price: This transaction was executed in multiple trades at prices ranging from $341.70 to $342.36, 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
June 06, 2025 Filed Jun 9, 2025 23:16 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 1,445 $341.10 $492,889.50
Disclosure

SEC source: 0001690820-25-000227 · wk-form4_1749510914.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: 873,150

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 $340.61 to $341.61, 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
June 06, 2025 Filed Jun 9, 2025 23:16 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 1,445 $341.10 $492,889.50
Disclosure

SEC source: 0001690820-25-000227 · wk-form4_1749510914.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: 773,150

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 $340.61 to $341.61, 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
June 06, 2025 Filed Jun 9, 2025 23:16 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 405 $340.00 $137,700.00
Disclosure

SEC source: 0001690820-25-000227 · wk-form4_1749510914.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: 874,595

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 $339.58 to $340.54, 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
June 06, 2025 Filed Jun 9, 2025 23:16 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 405 $340.00 $137,700.00
Disclosure

SEC source: 0001690820-25-000227 · wk-form4_1749510914.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: 774,595

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 $339.58 to $340.54, 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
June 06, 2025 Filed Jun 9, 2025 23:15 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 100 $350.86 $35,086.00
Disclosure

SEC source: 0001690820-25-000226 · wk-form4_1749510881.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: 870,000

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

F7 · price: This transaction was executed in multiple trades at prices ranging from $350.61 to $351.10 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
June 06, 2025 Filed Jun 9, 2025 23:15 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 100 $350.86 $35,086.00
Disclosure

SEC source: 0001690820-25-000226 · wk-form4_1749510881.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: 770,000

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

F7 · price: This transaction was executed in multiple trades at prices ranging from $350.61 to $351.10 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
June 06, 2025 Filed Jun 9, 2025 23:15 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 200 $349.76 $69,952.00
Disclosure

SEC source: 0001690820-25-000226 · wk-form4_1749510881.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: 870,100

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

F6 · price: This transaction was executed in multiple trades at prices ranging from $349.43 to $350.28 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
June 06, 2025 Filed Jun 9, 2025 23:15 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 200 $349.76 $69,952.00
Disclosure

SEC source: 0001690820-25-000226 · wk-form4_1749510881.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: 770,100

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

F6 · price: This transaction was executed in multiple trades at prices ranging from $349.43 to $350.28 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
June 06, 2025 Filed Jun 9, 2025 23:15 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 150 $348.78 $52,317.00
Disclosure

SEC source: 0001690820-25-000226 · wk-form4_1749510881.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: 870,300

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 $348.27 to $349.25 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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June 06, 2025 Filed Jun 9, 2025 23:15 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 150 $348.78 $52,317.00
Disclosure

SEC source: 0001690820-25-000226 · wk-form4_1749510881.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: 770,300

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 $348.27 to $349.25 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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June 06, 2025 Filed Jun 9, 2025 23:15 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 481 $346.38 $166,608.78
Disclosure

SEC source: 0001690820-25-000226 · wk-form4_1749510881.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: 870,450

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

F2 · price: This transaction was executed in multiple trades at prices ranging from $346.11 to $346.79, 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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June 06, 2025 Filed Jun 9, 2025 23:15 UTC
GARCIA ERNEST C. IIIDirector · Chief Executive Officer · 10% owner
SaleClass A Common Stock 481 $346.38 $166,608.78
Disclosure

SEC source: 0001690820-25-000226 · wk-form4_1749510881.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: 770,450

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

F2 · price: This transaction was executed in multiple trades at prices ranging from $346.11 to $346.79, 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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June 06, 2025 Filed Jun 9, 2025 23:16 UTC
HUSTON BENJAMIN E.Chief Operating Officer
Exercise / conversionStock Options (Right to Buy) · Derivative 20,000 $0.00 Strike: $10.07 $0.00
Disclosure

SEC source: 0001690820-25-000228 · wk-form4_1749510978.xml · derivative · entry 4

HUSTON BENJAMIN E. · CIK 0001700537 · Chief Operating Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 478,513

Underlying: Class A Common Stock · 20,000 shares

Expires 2033-02-22

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 and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024 (the "10b5-1 Plan").

F4 · derivative.exercise_date: The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vested 25% on April 1, 2024 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

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June 06, 2025 Filed Jun 9, 2025 23:16 UTC
HUSTON BENJAMIN E.Chief Operating Officer
SaleClass A Common Stock 5,086 $351.15 $1,785,948.90
Disclosure

SEC source: 0001690820-25-000228 · wk-form4_1749510978.xml · nonDerivative · entry 3

HUSTON BENJAMIN E. · CIK 0001700537 · Chief Operating Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 138,074

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

F3 · price: This transaction was executed in multiple trades at prices ranging from $351.01 to $351.20, 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.

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June 06, 2025 Filed Jun 9, 2025 23:16 UTC
HUSTON BENJAMIN E.Chief Operating Officer
SaleClass A Common Stock 14,914 $350.44 $5,226,462.16
Disclosure

SEC source: 0001690820-25-000228 · wk-form4_1749510978.xml · nonDerivative · entry 2

HUSTON BENJAMIN E. · CIK 0001700537 · Chief Operating Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 143,160

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

F2 · price: This transaction was executed in multiple trades at prices ranging from $350.00 to $351.00, 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.

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June 06, 2025 Filed Jun 9, 2025 23:16 UTC
HUSTON BENJAMIN E.Chief Operating Officer
Exercise / conversionClass A Common Stock 20,000 $10.07 $201,400.00
Disclosure

SEC source: 0001690820-25-000228 · wk-form4_1749510978.xml · nonDerivative · entry 1

HUSTON BENJAMIN E. · CIK 0001700537 · Chief Operating Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 158,074

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 · shares: The reported option exercises and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024 (the "10b5-1 Plan").

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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.