Carvana Officer-Affiliated Trust Notices $18.1M Share Sale
CVNA sits 31% above its 52-week low of $54.464.
Summary
An officer-affiliated family trust noticed the sale of 253,639 Carvana shares worth about $18.1M, sourced from vested restricted stock. It is the biggest of a steady stream of insider sale notices and adds to the recent distribution pattern.
Key Events · Ownership and Investor Activity · CVNA
-
Trust Notices $18.1M Sale
Daniel and Lian Gill Family Trust, an officer-affiliated holder, noticed the sale of 253,639 shares with an approximate market value of $18,123,901.56.
-
Shares From Vested Stock
The shares were acquired 07/01/2024 through restricted stock vesting under a registered plan — compensation being monetized, not an open-market purchase.
-
Adds to Insider Selling Run
Follows roughly $12.1M of net open-market insider selling over 90 days and a concurrent director notice for 30,000 shares (~$2.15M) filed minutes earlier.
-
Negligible Share-Count Impact
253,639 shares against 722,713,745 outstanding is a small fraction of the float; the overhang is sentiment-driven, not dilutive.
Analysis · CVNA · Trade & Services
The largest single Form 144 in Carvana's recent run of insider notices comes from a trust tied to an officer, the Daniel and Lian Gill Family Trust, which filed to sell 253,639 shares worth roughly $18.1M. Because the shares stem from restricted stock vesting, this is compensation being monetized rather than a conviction purchase, but the size stands out against a 90-day window that already shows about $12.1M of net open-market insider selling. It adds supply overhang on top of the Platt notices filed minutes earlier, though at roughly 0.04% of the 722.7M shares outstanding the dilution itself is negligible.
How filings like this one have moved
In the 30 days to Nov 3, 2026, 32.3% of the 2077 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CVNA was trading at $71.25 on NYSE in the Trade & Services sector, with a market capitalization of approximately $78.6B. The 52-week trading range was $54.46 to $97.38. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.