Carvana VP Stephen Palmer Sells Shares Under Pre-Adopted Plan
Stephen R. Palmer, Vice President of Accounting at Carvana (CVNA), sold 8,023 shares on September 1, 2026, as disclosed in an SEC Form 4 filing. The transaction included the sale of 5,000 shares on the open market and the withholding of 3,023 shares to cover tax obligations from restricted stock units that had vested. The trade was executed under a Rule 10b5-1 plan adopted in May 2025. This type of pre-established trading plan is designed to prevent insider trading concerns by removing discretion over the timing and execution of trades. After this transaction, Palmer still holds approximately 128,886 shares directly valued at $9.3 million as of September 1, 2026. Carvana's stock had a one-year total return of -3% prior to the sale but closed at $74.16 on September 2, 2026. The company reported TTM revenue of $25.1 billion and net income of $2.1 billion as of that date.
Tickers: $CVNA
Topics: Carvana restricted stock units Rule 10b5-1 plan share sale