CVNA

SEC source: 0001690820-25-000189 · wk-form4_1747784193.xml · nonDerivative · entry 8

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: 825,000

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

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: 0001690820-25-000189 · wk-form4_1747784193.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: 825,481

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 $300.53 to $301.31, 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: 0001690820-25-000191 · wk-form4_1747952284.xml · nonDerivative · entry 1

Palmer Stephen R · CIK 0001783558 · Vice President of Accounting

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 48,735

F1 · shares: The Reporting Person donated 500 shares of Class A common stock to a donor-advised fund, which will use the gifted shares for charitable purposes.

SEC source: 0001690820-25-000189 · wk-form4_1747784193.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: 930,000

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

F8 · price: This transaction was executed in multiple trades at prices ranging from $301.52 to $301.62, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.

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.

SEC source: 0001690820-25-000189 · wk-form4_1747784193.xml · nonDerivative · entry 5

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: 930,300

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

F7 · price: This transaction was executed in multiple trades at prices ranging from $300.51 to $301.51, 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.

SEC source: 0001690820-25-000189 · wk-form4_1747784193.xml · nonDerivative · entry 4

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: 830,000

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

F6 · price: This transaction was executed in multiple trades at prices ranging from $300.00 to $300.51, 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: 0001690820-25-000186 · wk-form4_1747432124.xml · derivative · entry 4

JENKINS MARK W. · CIK 0001700540 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 43,807

Underlying: Class A Common Stock · 12,691 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 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: Mr. Jenkins was granted the 60,000 Class B Units on January 28, 2016 with a participation threshold of $4.878; 12,000 vested on March 1, 2016 and 1,000 vested on the first of each month thereafter. The Class B Units have no expiration date.

F4 · shares: Mr. Jenkins was granted the 60,000 Class B Units on January 28, 2016 with a participation threshold of $4.878; 12,000 vested on March 1, 2016 and 1,000 vested on the first of each month thereafter. The Class B Units have no expiration date.

F4 · 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 vested on March 1, 2016 and 1,000 vested on the first of each month thereafter. The Class B Units have no expiration date.

F4 · 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 vested on March 1, 2016 and 1,000 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: 0001690820-25-000186 · wk-form4_1747432124.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 · 7,309 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.

F2 · derivative.exercise_price: Mr. Jenkins was granted the 100,000 Class B Units on October 21, 2016 with a participation threshold of $5.81; 20,000 vested on January 1, 2017 and 1,667 vested on the first of each month thereafter. The Class B units have no expiration date.

F1 · kind: The reported 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 100,000 Class B Units on October 21, 2016 with a participation threshold of $5.81; 20,000 vested on January 1, 2017 and 1,667 vested on the first of each month thereafter. The Class B units have no expiration date.

F1 · shares: The reported unit conversions and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 5, 2024.

F2 · shares: Mr. Jenkins was granted the 100,000 Class B Units on October 21, 2016 with a participation threshold of $5.81; 20,000 vested on January 1, 2017 and 1,667 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 100,000 Class B Units on October 21, 2016 with a participation threshold of $5.81; 20,000 vested on January 1, 2017 and 1,667 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 100,000 Class B Units on October 21, 2016 with a participation threshold of $5.81; 20,000 vested on January 1, 2017 and 1,667 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: 0001690820-25-000186 · wk-form4_1747432124.xml · nonDerivative · entry 2

JENKINS MARK W. · CIK 0001700540 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 213,459

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 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 100,000 Class B Units on October 21, 2016 with a participation threshold of $5.81; 20,000 vested on January 1, 2017 and 1,667 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: Mr. Jenkins was granted the 60,000 Class B Units on January 28, 2016 with a participation threshold of $4.878; 12,000 vested on March 1, 2016 and 1,000 vested on the first of each month thereafter. The Class B Units have no expiration date.

SEC source: 0001690820-25-000185 · wk-form4_1747432114.xml · nonDerivative · entry 1

KEETON RYAN S. · CIK 0001700542 · Chief Brand Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 148,402

F1 · price: This transaction was executed in multiple trades at prices ranging from $ 299.93 to $300.28, 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.

SEC source: 0001690820-25-000189 · wk-form4_1747784193.xml · nonDerivative · entry 3

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: 935,000

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

F4 · price: This transaction was executed in multiple trades at prices ranging from $300.15 to $300.39, 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.

SEC source: 0001690820-25-000189 · wk-form4_1747784193.xml · nonDerivative · entry 2

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: 835,000

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

F2 · price: This transaction was executed in multiple trades at prices ranging from $300.00 to $300.15, 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.

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: 0001690820-25-000183 · wk-form4_1747432092.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: 940,000

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

F6 · 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: 0001690820-25-000183 · wk-form4_1747432092.xml · nonDerivative · entry 7

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: 940,300

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

F9 · price: This transaction was executed in multiple trades at prices ranging from $302.80 to $303.65, 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.

F6 · 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: 0001690820-25-000183 · wk-form4_1747432092.xml · nonDerivative · entry 6

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: 840,000

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

F8 · price: This transaction was executed in multiple trades at prices ranging from $302.50 to $302.80, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.

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

SEC source: 0001690820-25-000183 · wk-form4_1747432092.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: 841,930

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 $301.47 to $302.47, 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: 0001690820-25-000175 · wk-form4_1747350669.xml · derivative · entry 4

QUAYLE J DANFORTH · CIK 0001210412 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 11,614

Underlying: Class A Common Stock · 11,614 shares

Expires 2027-04-27

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_date: The non-qualified stock options representing the right to purchase for the exercise price Class A common stock of the Issuer vested in three equal annual installments beginning on April 27, 2018.

SEC source: 0001690820-25-000175 · wk-form4_1747350669.xml · nonDerivative · entry 2

QUAYLE J DANFORTH · CIK 0001210412 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 41,913

F2 · price: This transaction was executed in multiple trades at prices ranging from $304.04 to $304.70, 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.

SEC source: 0001690820-25-000175 · wk-form4_1747350669.xml · nonDerivative · entry 1

QUAYLE J DANFORTH · CIK 0001210412 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 53,527

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 non-qualified stock options representing the right to purchase for the exercise price Class A common stock of the Issuer vested in three equal annual installments beginning on April 27, 2018.

SEC source: 0001690820-25-000184 · wk-form4_1747432102.xml · derivative · entry 4

GILL DANIEL J. · CIK 0001700538 · Chief Product Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 380,786

Underlying: Class A Common Stock · 65,000 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.

F2 · 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.

SEC source: 0001690820-25-000184 · wk-form4_1747432102.xml · nonDerivative · entry 3

GILL DANIEL J. · CIK 0001700538 · Chief Product Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 201,087

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.

SEC source: 0001690820-25-000184 · wk-form4_1747432102.xml · nonDerivative · entry 2

GILL DANIEL J. · CIK 0001700538 · Chief Product Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 233,587

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.

SEC source: 0001690820-25-000184 · wk-form4_1747432102.xml · nonDerivative · entry 1

GILL DANIEL J. · CIK 0001700538 · Chief Product Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 266,087

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.

SEC source: 0001690820-25-000186 · wk-form4_1747432124.xml · nonDerivative · entry 1

JENKINS MARK W. · CIK 0001700540 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 193,459

F1 · kind: The reported unit conversions and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 5, 2024.

SEC source: 0001690820-25-000183 · wk-form4_1747432092.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: 945,000

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

F5 · price: This transaction was executed in multiple trades at prices ranging from $304.18 to $305.15, 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.

F6 · 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: 0001690820-25-000183 · wk-form4_1747432092.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: 845,000

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

F4 · price: This transaction was executed in multiple trades at prices ranging from $303.48 to $304.18, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.

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: 0001690820-25-000183 · wk-form4_1747432092.xml · nonDerivative · entry 2

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: 847,718

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 $302.46 to $303.42, 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: 0001690820-25-000187 · wk-form4_1747432135.xml · derivative · entry 3

Taira Thomas · CIK 0001607889 · President, Special Projects

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Stock · 15,878 shares

Expires 2030-02-14

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 sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 3, 2024.

F2 · 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, 2021 and vest monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

SEC source: 0001690820-25-000187 · wk-form4_1747432135.xml · nonDerivative · entry 2

Taira Thomas · CIK 0001607889 · President, Special Projects

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 151,509

F1 · kind: The reported option exercises and sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 3, 2024.

F1 · shares: The reported option exercises and sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 3, 2024.

SEC source: 0001690820-25-000187 · wk-form4_1747432135.xml · nonDerivative · entry 1

Taira Thomas · CIK 0001607889 · President, Special Projects

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 172,387

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 sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 3, 2024.

SEC source: 0001690820-25-000182 · wk-form4_1747432079.xml · derivative · entry 3

HUSTON BENJAMIN E. · CIK 0001700537 · Chief Operating Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 26,753

Underlying: Class A Common Stock · 26,753 shares

Expires 2029-02-25

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").

F2 · 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, 2020 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

SEC source: 0001690820-25-000182 · wk-form4_1747432079.xml · nonDerivative · entry 2

HUSTON BENJAMIN E. · CIK 0001700537 · Chief Operating Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 149,294

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").

SEC source: 0001690820-25-000182 · wk-form4_1747432079.xml · nonDerivative · entry 1

HUSTON BENJAMIN E. · CIK 0001700537 · Chief Operating Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 176,047

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").

SEC source: 0001690820-25-000174 · wk-form4_1747350657.xml · nonDerivative · entry 1

PLATT IRA J. · CIK 0001702455 · Director

10b5-1 filing: No plan indicated

Ownership: Indirect · By Trust

Disclosed balance after: 15,041

F1 · kind: 24,959 Class A shares were distributed by the Platt Family 2024 Irrevocable Trust (the "Irrevocable Trust") to trust beneficiaries due to the death of a family member, in accordance with the terms of the Irrevocable Trust. The remaining 15,041 Class A shares are held directly by the Irrevocable Trust, of which the Reporting Person's spouse is co-trustee.

F1 · ownership.nature: 24,959 Class A shares were distributed by the Platt Family 2024 Irrevocable Trust (the "Irrevocable Trust") to trust beneficiaries due to the death of a family member, in accordance with the terms of the Irrevocable Trust. The remaining 15,041 Class A shares are held directly by the Irrevocable Trust, of which the Reporting Person's spouse is co-trustee.

SEC source: 0001690820-25-000173 · wk-form4_1747350644.xml · derivative · entry 3

BREAUX PAUL W. · CIK 0001700545 · See Remarks

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 209,334

Underlying: Class A Common Stock · 30,000 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 June 9, 2023 (the "10b5-1 Plan").

F2 · 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 vest monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

SEC source: 0001690820-25-000173 · wk-form4_1747350644.xml · nonDerivative · entry 2

BREAUX PAUL W. · CIK 0001700545 · See Remarks

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 149,114

F1 · kind: The reported option exercises and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 9, 2023 (the "10b5-1 Plan").

SEC source: 0001690820-25-000173 · wk-form4_1747350644.xml · nonDerivative · entry 1

BREAUX PAUL W. · CIK 0001700545 · See Remarks

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 179,114

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 June 9, 2023 (the "10b5-1 Plan").

SEC source: 0001690820-25-000167 · wk-form4_1747086403.xml · nonDerivative · entry 4

MAROONE MICHAEL E · CIK 0001088011 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 143,504

F4 · price: This transaction was executed in multiple trades at prices ranging from $269.93 to $270.20 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.

SEC source: 0001690820-25-000167 · wk-form4_1747086403.xml · nonDerivative · entry 3

MAROONE MICHAEL E · CIK 0001088011 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 148,647

F3 · price: This transaction was executed in multiple trades at prices ranging from $279.04 to $279.08, 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: 0001690820-25-000167 · wk-form4_1747086403.xml · nonDerivative · entry 2

MAROONE MICHAEL E · CIK 0001088011 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 148,947

F2 · price: This transaction was executed in multiple trades at prices ranging from $278.30 to $279.03 inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.

SEC source: 0001690820-25-000167 · wk-form4_1747086403.xml · nonDerivative · entry 1

MAROONE MICHAEL E · CIK 0001088011 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 150,483

F1 · price: This transaction was executed in multiple trades at prices ranging from $276.53 to $277.30, 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: 0000950170-25-070695 · ownership.xml · derivative · 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: No plan indicated

Ownership: Indirect · ECG II SPE, LLC

Disclosed balance after: 4,000,000

Underlying: Class A Common Stock · 4,000,000 shares

Expires 2026-04-17

F1 · security: The Covered Call Option represents the option holder's right to purchase, and the option seller's obligation to sell, the underlying shares at the specified strike price. The Covered Call Options are held directly by ECG II SPE, LLC ("E-SPE"), an entity wholly owned and controlled by Mr. Garcia.

F2 · derivative.exercise_date: On May 9, 2025, E-SPE entered into a call option transaction with an unaffiliated third-party purchaser. Under the terms of this transaction, E-SPE sold 4,000,000 call options, each referencing one share of the Issuer's Class A Common Stock, with an expiration date of April 17, 2026. In exchange for selling these options, E-SPE received a cash premium of $24.75 per option.

F3 · derivative.exercise_date: E-SPE pledged 4,000,000 shares of the Issuer's Class B common stock and 5,000,000 units of Carvana Group, LLC Class A units (collectively, the "Pledged Shares") to secure its obligations under the transaction and retained voting rights in the Pledged Shares during the term of the pledge.

F2 · derivative.expiration_date: On May 9, 2025, E-SPE entered into a call option transaction with an unaffiliated third-party purchaser. Under the terms of this transaction, E-SPE sold 4,000,000 call options, each referencing one share of the Issuer's Class A Common Stock, with an expiration date of April 17, 2026. In exchange for selling these options, E-SPE received a cash premium of $24.75 per option.

F3 · derivative.expiration_date: E-SPE pledged 4,000,000 shares of the Issuer's Class B common stock and 5,000,000 units of Carvana Group, LLC Class A units (collectively, the "Pledged Shares") to secure its obligations under the transaction and retained voting rights in the Pledged Shares during the term of the pledge.

F1 · ownership.nature: The Covered Call Option represents the option holder's right to purchase, and the option seller's obligation to sell, the underlying shares at the specified strike price. The Covered Call Options are held directly by ECG II SPE, LLC ("E-SPE"), an entity wholly owned and controlled by Mr. Garcia.

SEC source: 0001690820-25-000169 · wk-form4_1747086424.xml · derivative · entry 9

GILL DANIEL J. · CIK 0001700538 · Chief Product Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Stock · 46,954 shares

Expires 2029-02-25

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.

F5 · 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, 2020 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

SEC source: 0001690820-25-000169 · wk-form4_1747086424.xml · derivative · entry 8

GILL DANIEL J. · CIK 0001700538 · Chief Product Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Stock · 13,190 shares

Expires 2028-07-28

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.

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, 2019 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

SEC source: 0001690820-25-000169 · wk-form4_1747086424.xml · nonDerivative · entry 7

GILL DANIEL J. · CIK 0001700538 · Chief Product Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 201,087

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.

SEC source: 0001690820-25-000169 · wk-form4_1747086424.xml · nonDerivative · entry 6

GILL DANIEL J. · CIK 0001700538 · Chief Product Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 225,041

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.

SEC source: 0001690820-25-000169 · wk-form4_1747086424.xml · nonDerivative · entry 5

GILL DANIEL J. · CIK 0001700538 · Chief Product Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 248,041

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.

SEC source: 0001690820-25-000169 · wk-form4_1747086424.xml · nonDerivative · entry 4

GILL DANIEL J. · CIK 0001700538 · Chief Product Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 258,063

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.

F3 · price: This transaction was executed in multiple trades at prices ranging from $273.26 to $274.19, 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: 0001690820-25-000169 · wk-form4_1747086424.xml · nonDerivative · entry 3

GILL DANIEL J. · CIK 0001700538 · Chief Product Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 265,178

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.

F2 · price: This transaction was executed in multiple trades at prices ranging from $272.26 to $273.25, 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.

SEC source: 0001690820-25-000169 · wk-form4_1747086424.xml · nonDerivative · entry 2

GILL DANIEL J. · CIK 0001700538 · Chief Product Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 271,253

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.