Mark W. Jenkins, chief financial officer of Carvana (CVNA), has filed 257 Form 4 transactions with the SEC, all in that single company. The pattern is one-sided. His total sell value is $85.6 million, and his total buy value is zero. He has not made an open-market purchase in the recent period, and the last 11 trades were sales.
The recent filings cluster around monthly option exercises and sales. On October 1, 2026, Jenkins executed three option exercises valued at $38,962.50, $84,100, and $100,500, then sold shares in four separate transactions worth $369,981.76, $1.55 million, $818,657.46, and $567,337.20. He also had $442,288.64 in shares withheld to cover taxes. The September 1, 2026 filing shows the same structure: three option exercises at identical values, two sales worth $1.89 million and $2.67 million, and $506,414.88 withheld for taxes. On August 3, 2026, he exercised options, received a grant valued at zero, and sold shares in four transactions totaling $4.11 million, with $437,642.48 withheld on August 1.
The sales are large relative to the option exercise values, meaning Jenkins is selling far more shares than he is acquiring through compensation. The August 3 filing includes a zero-value grant, which is a compensation award, not a purchase. The consistent monthly cadence of exercise-and-sell activity suggests a scheduled program, but the filings themselves show no buying at any point. Across all 257 transactions, the only codes are S, M, A, and F. There are no P transactions, so Jenkins has never bought Carvana stock on the open market in this filing history.
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