Carvana Officer Files Form 144 to Sell $4.35M in Common Stock

Executive Summary

On November 2, 2026, Mark Jenkins, an Officer of Carvana Co. ($CVNA), filed Form 144 notifying the proposed sale of 63,750 shares of Common Stock through Morgan Stanley Smith Barney LLC. The estimated aggregate market value of the proposed transaction is $4,353,487.50 (~$68.29 per share).

Transaction & Plan Background

• Acquisition Nature: The 63,750 shares were acquired on November 2, 2026, directly from the issuer via stock option exercise paid in cash.
• Trading Plan: The proposed sale is executed pursuant to a Rule 10b5-1 trading plan adopted on August 5, 2024.
• Prior Activity: Over the past three months, the reporting person has executed consistent monthly sales of 63,750 shares under the 10b5-1 plan:
  • October 1, 2026: 63,750 shares for $3,929,753.00
  • September 1, 2026: 63,750 shares for $4,561,498.25
  • August 3, 2026: 63,750 shares for $4,111,833.38

Market Impact

Because the proposed disposition represents programmatic option-exercise-and-sell activity under a pre-established Rule 10b5-1 plan, it reflects scheduled executive compensation monetization rather than discretionary, event-driven insider sentiment.