Carvana Director Michael Maroone Files Form 4/A for $1.54M Open-Market Purchase

Executive Summary

On October 5, 2026, Carvana Co. ($CVNA) Director Michael E. Maroone filed an amended Form 4 (Form 4/A) regarding open-market purchases originally executed on July 31, 2026. The insider acquired a cumulative total of 25,000 Class A Common Stock shares at a weighted average price of approximately $61.80, representing an aggregate investment of $1,544,981.37.

Transaction Breakdown

• Tranche 1: 21,153 shares acquired at a weighted average price of $61.69 (range: $61.28 – $62.25).
• Tranche 2: 3,847 shares acquired at a weighted average price of $62.40 (range: $62.29 – $62.50).
• Total Transacted: 25,000 Class A shares.
• Direct Ownership Post-Transaction: 749,045 shares.
• Indirect Ownership Post-Transaction: 225,000 shares held via Michael Maroone Family Partnership, LP, and 1,320 shares held via Family Trust FBO Michael E. Maroone.

Purpose of Amendment & Footnote Highlights

1. Forward Stock Split & Calculation Adjustments: According to Footnote 4, the original Form 4 filed on August 4, 2026, contained calculation errors in directly held share totals and failed to reflect Carvana's 5-for-1 forward stock split conducted on May 7, 2026. This amendment was submitted specifically to correct the reported post-transaction ownership balances.
2. Section 16(b) Disgorgement: Footnote 1 notes that the open-market purchase was matched under Section 16(b) short-swing profit rules against a prior sale of 5 shares within the preceding six months. Maroone disgorged the realized profit of $64.87 in full to Carvana Co. prior to filing.