4
Featured
Impact 8/10
Insider Transaction
$CVNA · CARVANA CO.
Summary
Carvana Chief Product Officer Daniel Gill sold 253,639 shares at $71.46 on the open market, generating $18.1M in proceeds. An additional 7,705 shares were surrendered at $68.29 for tax withholding. No 10b5-1 trading plan was indicated.
Key points
- CPO Daniel Gill sold 253,639 shares at $71.46 for $18.1M total proceeds.
- An additional 7,705 shares were disposed at $68.29 via tax withholding (code F).
- No 10b5-1 trading plan was in place — the sale was discretionary.
- Post-transaction, Gill retains 773,548 shares.
Insider transaction
InsiderGILL DANIEL J. (Chief Product Officer)
Actionsale
Shares253,639
Price$71.46
Total value$18,125,042.94
Owned after773,548
Market impact
Extended-hours last trade at $71.33, essentially flat (+0.07%) vs the $71.28 regular close. The $18.1M sale by a C-suite insider without a 10b5-1 plan hasn't moved the needle in thin after-hours trading.
Why this matters
A C-suite officer selling $18.1M with no pre-arranged trading plan raises questions about insider conviction at current valuations.
Sector context
_Not applicable._
Risk factors
Discretionary insider sale by a named executive officer without a 10b5-1 plan — no pre-scheduled defense against timing concerns.
Related tickers
Related & recent SEC filings