# EDGAR Filing Document

**Accession Number:** 0001690820
**File Stem:** 0001700537-26-000002
**Filing Date:** 2026-1
**Character Count:** 11893
**Document Hash:** f14f5e1bd1439d9a099e6d61882ccf05
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001700537-26-000002.hdr.sgml**: 20260105

**ACCESSION NUMBER**: 0001700537-26-000002

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260101

**FILED AS OF DATE**: 20260105

**DATE AS OF CHANGE**: 20260105

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** HUSTON BENJAMIN E.
- **CENTRAL INDEX KEY:** 0001700537

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38073
- **FILM NUMBER:** 26508404

**MAIL ADDRESS:**
- **STREET 1:** 300 E RIO SALADO PKWY
- **CITY:** TEMPE
- **STATE:** AZ
- **ZIP:** 85281
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CARVANA CO.
- **CENTRAL INDEX KEY:** 0001690820
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 814549921
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 300 E. RIO SALADO PARKWAY
- **CITY:** TEMPE
- **STATE:** AZ
- **ZIP:** 85281
- **BUSINESS PHONE:** (480) 719-8809

**MAIL ADDRESS:**
- **STREET 1:** 300 E. RIO SALADO PARKWAY
- **CITY:** TEMPE
- **STATE:** AZ
- **ZIP:** 85281

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[x] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>HUSTON BENJAMIN E.<br><sub>(Last) (First) (Middle)</sub><br>C/O CARVANA CO.<br>300 E. RIO SALADO PARKWAY<br><sub>(Street)</sub><br>TEMPE, AZ 85281<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2026-01-01 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_Chief Operating Officer_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>CARVANA CO. [ CVNA ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Class A Common Stock | 2026-01-01 |  | F |  | 887<sup>(1)</sup> | D | $422.02 | 99871 | D |  |
| Class A Common Stock | 2026-01-02 |  | M |  | 10000<sup>(2)</sup> | A | $10.07 | 109871 | D |  |
| Class A Common Stock | 2026-01-02 |  | S |  | 360<sup>(2)</sup> | D | 391.75<sup>(3)(4)</sup> | 109511 | D |  |
| Class A Common Stock | 2026-01-02 |  | S |  | 240<sup>(2)</sup> | D | 392.73<sup>(3)(5)</sup> | 109271 | D |  |
| Class A Common Stock | 2026-01-02 |  | S |  | 240<sup>(2)</sup> | D | 393.62<sup>(3)(6)</sup> | 109031 | D |  |
| Class A Common Stock | 2026-01-02 |  | S |  | 440<sup>(2)</sup> | D | 394.99<sup>(3)(7)</sup> | 108591 | D |  |
| Class A Common Stock | 2026-01-02 |  | S |  | 600<sup>(2)</sup> | D | 396.06<sup>(3)(8)</sup> | 107991 | D |  |
| Class A Common Stock | 2026-01-02 |  | S |  | 480<sup>(2)</sup> | D | 397.08<sup>(3)(9)</sup> | 107511 | D |  |
| Class A Common Stock | 2026-01-02 |  | S |  | 574<sup>(2)</sup> | D | 398.15<sup>(3)(10)</sup> | 106937 | D |  |
| Class A Common Stock | 2026-01-02 |  | S |  | 1301<sup>(2)</sup> | D | 399.13<sup>(3)(11)</sup> | 105636 | D |  |
| Class A Common Stock | 2026-01-02 |  | S |  | 1256<sup>(2)</sup> | D | 400.15<sup>(3)(12)</sup> | 104380 | D |  |
| Class A Common Stock | 2026-01-02 |  | S |  | 764<sup>(2)</sup> | D | 401.22<sup>(3)(13)</sup> | 103616 | D |  |
| Class A Common Stock | 2026-01-02 |  | S |  | 1014<sup>(2)</sup> | D | 402.09<sup>(3)(14)</sup> | 102602 | D |  |
| Class A Common Stock | 2026-01-02 |  | S |  | 348<sup>(2)</sup> | D | 403.24<sup>(3)(15)</sup> | 102254 | D |  |
| Class A Common Stock | 2026-01-02 |  | S |  | 240<sup>(2)</sup> | D | 404.12<sup>(3)(16)</sup> | 102014 | D |  |
| Class A Common Stock | 2026-01-02 |  | S |  | 280<sup>(2)</sup> | D | 405.16<sup>(3)(17)</sup> | 101734 | D |  |
| Class A Common Stock | 2026-01-02 |  | S |  | 120<sup>(2)</sup> | D | 407.02<sup>(3)(18)</sup> | 101614 | D |  |
| Class A Common Stock | 2026-01-02 |  | S |  | 200<sup>(2)</sup> | D | 410.06<sup>(3)(19)</sup> | 101414 | D |  |
| Class A Common Stock | 2026-01-02 |  | S |  | 80<sup>(2)</sup> | D | 411.71<sup>(3)(20)</sup> | 101334 | D |  |
| Class A Common Stock | 2026-01-02 |  | S |  | 280<sup>(2)</sup> | D | 413.24<sup>(3)(21)</sup> | 101054 | D |  |
| Class A Common Stock | 2026-01-02 |  | S |  | 280<sup>(2)</sup> | D | 414.24<sup>(3)(22)</sup> | 100774 | D |  |
| Class A Common Stock | 2026-01-02 |  | S |  | 240<sup>(2)</sup> | D | 415.13<sup>(3)(23)</sup> | 100534 | D |  |
| Class A Common Stock | 2026-01-02 |  | S |  | 103<sup>(2)</sup> | D | 416.24<sup>(3)(24)</sup> | 100431 | D |  |
| Class A Common Stock | 2026-01-02 |  | S |  | 360<sup>(2)</sup> | D | 417.78<sup>(3)(25)</sup> | 100071 | D |  |
| Class A Common Stock | 2026-01-02 |  | S |  | 160<sup>(2)</sup> | D | 418.72<sup>(3)(26)</sup> | 99911 | D |  |
| Class A Common Stock | 2026-01-02 |  | S |  | 40<sup>(2)</sup> | D | $419.60 | 99871 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Stock Options (Right to Buy) | $10.07 | 2026-01-02 |  | M<sup>(2)</sup> |  |  | 10000 | 2024-04-01<sup>(27)</sup> | 2033-02-22 | Class A Common Stock | 10000 | $0 | 338513 | D |  |

---

### Footnotes:

(1) Represents total number of shares of Class A Common Stock of the Issuer withheld for taxes upon vesting of restricted stock units pursuant to various awards.

(2) The reported option exercises and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024 (the "10b5-1 Plan").

(3) The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.

(4) This transaction was executed in multiple trades at prices ranging from $391.21 to $392.19 inclusive.

(5) This transaction was executed in multiple trades at prices ranging from $392.22 to $393.08, inclusive.

(6) This transaction was executed in multiple trades at prices ranging from $393.30 to $394.22 inclusive.

(7) This transaction was executed in multiple trades at prices ranging from $394.48 to $395.47, inclusive.

(8) This transaction was executed in multiple trades at prices ranging from $395.63 to $396.62, inclusive.

(9) This transaction was executed in multiple trades at prices ranging from $396.63 to $397.50 inclusive.

(10) This transaction was executed in multiple trades at prices ranging from $397.64 to $398.63, inclusive.

(11) This transaction was executed in multiple trades at prices ranging from $398.64 to $399.62, inclusive.

(12) This transaction was executed in multiple trades at prices ranging from $399.64 to $400.60, inclusive.

(13) This transaction was executed in multiple trades at prices ranging from $400.69 to $401.67 inclusive.

(14) This transaction was executed in multiple trades at prices ranging from $401.70 to $402.67, inclusive.

(15) This transaction was executed in multiple trades at prices ranging from $402.73 to $403.68, inclusive.

(16) This transaction was executed in multiple trades at prices ranging from $403.73 to $404.63, inclusive.

(17) This transaction was executed in multiple trades at prices ranging from $404.83 to $405.46, inclusive.

(18) This transaction was executed in multiple trades at prices ranging from $406.77 to $407.14, inclusive.

(19) This transaction was executed in multiple trades at prices ranging from $409.46 to $410.37, inclusive.

(20) This transaction was executed in multiple trades at prices ranging from $411.53 to $411.88, inclusive.

(21) This transaction was executed in multiple trades at prices ranging from $412.86 to $413.80, inclusive.

(22) This transaction was executed in multiple trades at prices ranging from $413.89 to $414.66, inclusive.

(23) This transaction was executed in multiple trades at prices ranging from $414.94 to $415.65, inclusive.

(24) This transaction was executed in multiple trades at prices ranging from $416.16 to $416.34, inclusive.

(25) This transaction was executed in multiple trades at prices ranging from $417.18 to $418.17, inclusive.

(26) This transaction was executed in multiple trades at prices ranging from $418.27 to $419.17, inclusive.

(27) The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vested 25% on April 1, 2024 and monthly thereafter for the followingthree years, subject to the Reporting Person's continued service with the Issuer.

**Signature:** /s/ Paul Breaux, by Power of Attorney for Benjamin E. Huston  
**Date:** 2026-01-05

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**