Carvana CEO Ernest Garcia III Surrenders 7,067 Shares for Tax Obligations

Overview of Transaction

On October 1, 2026, Carvana Co. (NYSE: CVNA) Chief Executive Officer, Director, and 10% Owner Ernest C. Garcia III reported a transaction involving the disposition of 7,067 shares of Class A Common Stock at a price of $63.04 per share, resulting in a total value of approximately $445,503.68.

Nature of Disposition

As indicated by transaction code F and Footnote 1, this disposition was non-discretionary and executed specifically to satisfy tax withholding obligations associated with the vesting of restricted stock units (RSUs). It does not represent an open-market sale or a strategic reduction of position by the insider.

Post-Transaction Holdings

Following this disposition:

• Direct Ownership: 4,709,732 shares of Class A Common Stock.
• Indirect Ownership: 4,000,000 shares across family trust accounts (2,250,000 shares held via the Ernest C. Garcia III Multi-Generational Trust III and 1,750,000 shares held via the Ernest Irrevocable 2004 Trust III).

Significance

Given that the transaction was solely executed to cover statutory tax obligations on vesting equity and represents less than 0.1% of the CEO's overall holdings, this filing carries Low trading significance.