Carvana VP of Accounting Stephen Palmer Reports Open-Market Sales and Tax Withholdings

Insider Filing Analysis: Carvana Co. ($CVNA)

Executive Summary

On September 3, 2026, Carvana Co. filed a Form 4 reporting dispositions by Stephen R. Palmer, Vice President of Accounting. On September 1, 2026, Mr. Palmer disposed of an aggregate of 8,023 Class A Common shares, comprising routine tax withholdings on vested restricted stock units and scheduled sales under a Rule 10b5-1 trading plan.

Transaction Breakdown

• Tax Withholding (Code F): 3,023 shares withheld at $72.18 per share ($218,200.14) to satisfy tax liabilities associated with RSU vesting.
• Rule 10b5-1 Open-Market Sales (Code S):
  • 3,400 shares sold at a weighted average price of $71.40 ($242,760.00).
  • 1,600 shares sold at a weighted average price of $71.88 ($115,008.00).
  • Note: Sales were executed pursuant to a Rule 10b5-1 trading plan adopted on May 28, 2025.
• Aggregate Proceeds/Value: $575,968.14

Holding Context & Sentiment

Following these transactions, Mr. Palmer retains direct ownership of 128,886 shares of Class A Common Stock. The sales represent approximately 3.7% of his pre-transaction holdings, and the open-market portion was executed under a pre-established 10b5-1 plan. Given the standard nature of tax withholdings and pre-planned sales by an accounting officer, this filing carries Low trading significance for $CVNA investors.