CVNA · Carvana Co.

At the 2026 Annual Meeting held on May 5, 2026, Carvana stockholders approved several key proposals. The most significant was the approval of an amendment to the certificate of incorporation to effect a 5-for-1 forward stock split of Class A and Class B common stock, along with a proportional increase in authorized shares. The split becomes effective at 9:30 a.m. ET on May 7, 2026, with split-adjusted trading expected to begin on May 8, 2026. This action increases the number of outstanding shares and authorized shares, potentially enhancing liquidity and making the stock more accessible to a broader investor base. Additionally, stockholders approved the Carvana Co. 2026 Omnibus Incentive Plan, which replaces the 2017 plan and allows for future equity-based compensation to attract and retain talent. The election of Michael Maroone and Neha Parikh as Class III directors was also ratified. All other management proposals, including say-on-pay and ratification of Grant Thornton as auditor, passed. A stockholder proposal was not approved. These outcomes reflect stockholder support for management's strategic initiatives and governance.