Ernest C. Garcia III, Chief Executive Officer and Director of Carvana Co. (NYSE:CVNA), filed a Form 4 on November 3, 2026, disclosing a tax-withholding transaction in Class A Common Stock dated November 1, 2026.

Key Highlights

  • Transaction type: 7,072 shares of Class A Common Stock were disposed of (transaction code F) at $68.29 per share to cover taxes upon vesting of restricted stock units.
  • Direct ownership after transaction: Garcia directly holds 4,702,660 shares of Class A Common Stock following the reported transaction.
  • Indirect holdings: Garcia indirectly holds 2,250,000 shares through the Ernest C. Garcia III Multi-Generational Trust III, and 1,750,000 shares through the Ernest Irrevocable 2004 Trust III.
  • Trustee role: Garcia is the Investment Trustee and Co-Administrative Trustee of both trusts holding indirect shares.
  • Filing signatory: The form was signed by Paul Breaux, by Power of Attorney for Ernest C. Garcia III, on November 3, 2026.

Garcia's RSU Tax Withholding and Beneficial Ownership at Carvana

According to the filing, the November 1, 2026 transaction involved 7,072 shares of Carvana Co. Class A Common Stock disposed of at a price of $68.29 per share. The filing states this represents the total number of shares withheld for taxes upon vesting of restricted stock units pursuant to various awards. The transaction code is F, which corresponds to a disposition for the payment of exercise price or tax liability.

Following this transaction, the filing reports that Garcia directly beneficially owns 4,702,660 shares of Class A Common Stock. In addition to his direct holdings, Garcia indirectly holds 2,250,000 shares through the Ernest C. Garcia III Multi-Generational Trust III and 1,750,000 shares through the Ernest Irrevocable 2004 Trust III. According to the filing, Garcia serves as the Investment Trustee and Co-Administrative Trustee of both trusts. No derivative securities transactions were reported in Table II of the filing.

Garcia is identified in the filing as a Director, 10% Owner, and Chief Executive Officer of Carvana Co. The filing was submitted by one reporting person and was not marked as an amendment. No Rule 10b5-1(c) plan box was checked in connection with this transaction.

What Was Disclosed

The Form 4 discloses a single tax-withholding disposition of 7,072 Class A Common Stock shares by Carvana CEO Ernest C. Garcia III on November 1, 2026, at $68.29 per share, with direct beneficial ownership of 4,702,660 shares reported after the transaction.