Item 5. OTHER INFORMATION

Rule 10b5-1 Trading Plan Elections

On June 9, 2023, Paul Breaux, the Company's Vice President, General Counsel, and Secretary terminated a trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act (a "10b5-1 Plan"). Mr. Breaux's 10b5-1 Plan was adopted on June 11, 2022 and provided for the potential sale of up to 105,000 shares of Class A common stock, including shares obtained from the conversion of Carvana Group, LLC Class B common units (the "B Units") into shares of Class A common stock. Following the termination of the previous 10b5-1 Plan, on June 9, 2023. Mr. Breaux also entered into a new 10b5-1 Plan. Mr. Breaux's new 10b5-1 Plan provides for the potential sale of up to 445,000 shares of Class

A common stock, including shares obtained from the exercise of vested stock options and the conversion of B Units covered by the 10b5-1 Plan, between September 8, 2023 and December 31, 2025.

On June 14, 2023, Daniel Gill, the Company's Chief Product Officer entered into a 10b5-1 Plan. Mr. Gill's 10b5-1 Plan provides for the potential sale of up to 432,522 shares of Class A common stock, including shares obtained from the exercise of vested stock options covered by the 10b5-1 Plan, between September 13, 2023 and August 31, 2025.

Amended and Restated Section 382 Rights Agreement

On July 18, 2023, the Company amended and restated its Tax Asset Preservation Plan in order to modify the definition of Beneficial Ownership to exclude derivatives that may be only settled in cash, do not confer voting rights and lack other features consistent with beneficial ownership of shares of Class A common stock.