Carvana Director Ira Platt Files Form 144 to Sell $2.15M in Common Stock

Executive Summary

On November 3, 2026, Carvana Co ($CVNA) Director Ira Platt filed a Form 144 notice disclosing the proposed sale of 30,000 shares of common stock through Morgan Stanley Smith Barney LLC. The estimated aggregate market value of the proposed transaction is $2,152,227.00, representing an implied price of approximately $71.74 per share.

Transaction Details

• Security: Common Stock
• Proposed Sale Quantity: 30,000 shares
• Approximate Sale Date: November 3, 2026
• Nature of Acquisition: Acquired on November 3, 2026, through the exercise of stock options under a registered plan via cash payment.
• Broker: Morgan Stanley Smith Barney LLC Executive Financial Services

Prior Trading History (Past 3 Months)

Within the three months preceding this notice, Ira Platt completed two additional sales:

1. August 13, 2026: 15,000 shares sold for gross proceeds of $1,095,000.00 (~$73.00/share).
2. August 14, 2026: 15,000 shares sold for gross proceeds of $1,132,500.00 (~$75.50/share).

Total prior gross proceeds over the trailing three-month window amounted to $2,227,500.00 across 30,000 shares.

Market and Governance Context

With 722,713,745 shares outstanding, the proposed liquidation of 30,000 shares represents a negligible fraction of total shares outstanding (<0.01%). The proposed transaction stems from an immediate option exercise and aligns with the insider's pattern of periodic block sales.