Mark W. Jenkins, Chief Financial Officer of Carvana (CVNA), has filed 248 Form 4 transactions, all in that single company. The pattern is one-sided: zero open-market purchases and roughly $81.6 million in total open-market sales. The bias is firmly toward liquidating shares, and that direction has held through the most recent filings.
The last quarter shows the same rhythm. On September 1, 2026, Jenkins sold CVNA stock worth $1.89 million and $2.67 million in two separate transactions. He also exercised options with combined values of about $223,500, then had shares worth $506,414 withheld to cover taxes. August 3 brought four sales totaling $4.11 million, paired with option exercises worth $223,500 and a $437,642 tax withholding on August 1. July 1 had six sales ranging from $301,279 to $1.44 million, for roughly $4.35 million, again with the same option exercise pattern and tax withholding. The option exercises (code M) are mechanical, and the tax withholdings (code F) are automatic, so the active choice in each cycle is the sale (code S).
Across all 248 filings, there is no record of a purchase, grant, or acquisition outside of routine equity compensation. The sales are consistent and recurring, matching a monthly or quarterly cadence rather than a one-off event. Dollar values per sale vary widely, from about $301,000 to $2.67 million, but the aggregate direction is unchanged. Jenkins has not bought a single share of CVNA on the open market, while selling tens of millions of dollars worth over time.
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