Derivative exercise or conversion — not an open-market buy.
Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell
View the official recordSEC Form 4 — Statement of Changes in Beneficial OwnershipAll the details
Dates, kept separate
Transaction date
Dec 11, 2025
Reporting period
Not applicable
Filed with the SEC
Dec 13, 2025
OfficerOption exercise
Context
Classification
option exercise
Code M — exercise or conversion of a derivative security
Planned / mechanical clue
Footnote references a pre-arranged trading plan (Rule 10b5-1)
Only flagged when a footnote says so; never inferred
Source receipt
Record ID
0001700545-25-000020
Filed / recorded
Dec 13, 2025, 4:02 AM UTC
Added to OQRO
Oct 2, 2026, 12:27 PM UTC
Parser
form4-xml-v1
Data quality
Verified: identifiers matched exactly
Issuer
CARVANA CO.
Issuer CIK
1690820
Ticker
CVNA
Reporting person
Paul W. Breaux
Relationship
Officer
Officer title
See Remarks
Security
Stock Options (Right to Buy)
Table
Derivative (Table II)
Transaction date
Dec 11, 2025
Transaction code
M
Shares / units
8,473
Price per share
$0.00
Acquired / disposed
Disposed (D)
Shares owned after
137,268
Ownership form
Direct
Amendment
No
Footnotes from the filing
The reported option exercises and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 10, 2025 (the "10b5-1 Plan").
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 vest monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.
