Carvana Co. director J. Danforth Quayle filed a Form 4 on November 3, 2026, disclosing the exercise of stock options and a same-day sale of 14,520 shares of Class A Common Stock on October 30, 2026.

Key Highlights

  • Option exercise: Quayle acquired 14,520 shares of Class A Common Stock via a stock option exercise (transaction code M) at an exercise price of $3 per share on October 30, 2026.
  • Same-day sale: All 14,520 acquired shares were sold on October 30, 2026 at a volume weighted average price of $68.88 per share (transaction code S).
  • Price range: According to the filing, the sale was executed in multiple trades at prices ranging from $68.83 to $68.88, inclusive.
  • Direct holdings after transactions: Following the transactions, Quayle directly held 214,960 shares of Class A Common Stock.
  • Indirect holdings: The filing also reports 62,500 shares held indirectly through the James D. Quayle 2000 Irrevocable Trust.
  • Options extinguished: The exercised stock options, which had an expiration date of April 27, 2027, now show zero derivative securities remaining following the transaction.
  • Issuer: Carvana Co., listed as NASDAQ:CVNA, is the issuer named in the filing.

Quayle Danforth's October 2026 Option Exercise and Share Sale at Carvana

According to the Form 4 filed with the SEC on November 3, 2026, J. Danforth Quayle, identified as a director of Carvana Co. (NASDAQ:CVNA), exercised stock options and sold shares on October 30, 2026. The filing was signed by Paul Breaux, acting by Power of Attorney for J. Danforth Quayle.

The options exercised were non-qualified stock options with a conversion or exercise price of $3 per share. The filing notes that these options "vested 25% on April 27, 2018 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer," and carried an expiration date of April 27, 2027. Following the exercise, zero derivative securities of this type remain beneficially owned, according to the filing.

The 14,520 shares acquired through the exercise were disposed of on the same date at a volume weighted average sale price of $68.88, with the filing noting the sale was executed across multiple trades at prices ranging from $68.83 to $68.88, inclusive. After both transactions, Quayle directly held 214,960 shares of Class A Common Stock. Additionally, the filing discloses 62,500 shares held indirectly through the James D. Quayle 2000 Irrevocable Trust, which were not affected by these transactions.

What Was Disclosed

The filing reports a stock option exercise and a same-day sale of 14,520 Class A Common Stock shares by Carvana director J. Danforth Quayle on October 30, 2026, leaving him with 214,960 directly held shares and 62,500 indirectly held shares following the transactions.