Ernest Garcia II sold Carvana stock

By AlphaYouPublished Nov 4, 2026Form 4

Stocks in this disclosure

Reported activity

GARCIA ERNEST C. II

Reporting filer

Ernest Garcia II reported selling Carvana Co. stock. Form 4 filed Nov 3, 2026 lists 1 entry.

Reported details

1 entry

All validated entries in this disclosure
Security	Owner	Date	Code	Action	Quantity	Price	Following holdings	Reporting delay	Filed terms and references
Covered Call Option (Obligation to Sell) (derivative)	GARCIA ERNEST C. II	2026-10-30	S	Sale	10000000	8.25	10,000,000	4 days	Filed terms security Title: Covered Call Option (Obligation to Sell) id: F1 conversion Or Exercise Price: 90.00 transaction Date: 2026-10-30 transaction Form Type: 4 transaction Code: S equity Swap Involved: false transaction Shares: 10000000 transaction Price Per Share: 8.25 transaction Acquired Disposed Code: D exercise Date: 2027-11-19 id: F2 id: F3 expiration Date: 2027-11-19 id: F2 id: F3 underlying Security Title: Class A Common Stock underlying Security Shares: 10000000 shares Owned Following Transaction: 10000000 direct Or Indirect Ownership: I nature Of Ownership: ECG II SPE II, LLC id: F1

Owner: GARCIA ERNEST C. II
Date: 2026-10-30
Code: S
Action: Sale
Quantity: 10000000
Price: 8.25
Following holdings: 10,000,000
Reporting delay: 4 days
Filed terms and references: Filed terms
security Title: Covered Call Option (Obligation to Sell)
id: F1
conversion Or Exercise Price: 90.00
transaction Date: 2026-10-30
transaction Form Type: 4
transaction Code: S
equity Swap Involved: false
transaction Shares: 10000000
transaction Price Per Share: 8.25
transaction Acquired Disposed Code: D
exercise Date: 2027-11-19
id: F2
id: F3
expiration Date: 2027-11-19
id: F2
id: F3
underlying Security Title: Class A Common Stock
underlying Security Shares: 10000000
shares Owned Following Transaction: 10000000
direct Or Indirect Ownership: I
nature Of Ownership: ECG II SPE II, LLC
id: F1

Purchases, sales, grants and option exercises are different transactions. The reported code identifies the action; it does not establish a motive.

Quantities and prices are shown in the units filed. No trade value is inferred from their product.
GARCIA ERNEST C. II: 10% owner.
F1: The Covered Call Option represents the option holder's right to purchase, and the option seller's obligation to sell, the underlying shares at the specified strike price. The Covered Call Options are held directly by ECG II SPE II, LLC ("E-SPE II"), an entity wholly owned and controlled by Mr. Garcia
F2: On October 30, 2026, E-SPE II entered into a European-style covered call option transaction with an unaffiliated third-party purchaser. Under the terms of this transaction, E-SPE II sold 10,000,000 covered call options with an exercise price of $90.00, each referencing one share of the Issuer's Class A common stock, with an expiration date of November 19, 2027. In exchange for selling these options, E-SPE II will receive a cash premium of $8.25 per option.
F3: E-SPE II pledged 10,000,000 shares of the Issuer's Class B common stock and 12,500,000 units of Carvana Group, LLC Class A units (collectively, the "Pledged Shares") to secure its obligations under the transaction. During the term of the pledge, E-SPE II retains the right to vote the Pledged Shares and retains investment/dispositive power over the Pledged Shares, subject to the terms of the pledge arrangements.

Prepared automatically from public filing data. Report a correction.