Ernest C. Garcia III's Sale of Carvana Co. Class A Common Stock

Ernest C. Garcia III, the Chief Executive Officer, Director, and a 10% owner of Carvana Co., reported multiple sales of Class A Common Stock on August 5, 2025. The sales were executed pursuant to a Rule 10b5-1 trading plan adopted on December 13, 2024. The shares were sold at prices ranging from $361.92 to $368.74, with the total number of shares sold amounting to 2,715. The shares were held indirectly through the Ernest Irrevocable 2004 Trust III and the Ernest C. Garcia III Multi-Generational Trust III, for which Garcia serves as the Investment Trustee and Co-Administrative Trustee. Following these transactions, Garcia's ownership in Carvana Co. decreased to 923,155 shares.