JENKINS MARK W.

Mark W. Jenkins's 623-transaction Form 4 file for Carvana (CVNA) is the clearest single-company liquidation record in the recent pending batch. Across 2018 through July 2026 he recorded zero buy transactions against 1,790,771 shares sold — a profile built entirely from derivative exercises and their offsetting open-market sales. The most recent filing, dated July 1, 2026, makes the formula visible: 63,750 shares of Code M option exercises on one side of the Form 4, exactly 63,750 shares of Code S open-market sales on the other, plus a 7,014-share Code F tax-withholding event — all in one day. His average volume across the file is roughly seventy-eight transactions per year, and the dominant pattern is mechanical: vest, sell, repeat. A secondary pattern — Code F withholding events on the same dates as the exercises — is worth noting because it inflates the transaction count without adding informational content. For a single-company insider whose entire filing history is net-liquidating, the only event worth tracking is when the volume shifts, and the July 2026 exercise-sell pair was one of the larger single-day conversions in his recent record. Every other recent entry is calendar-driven filing noise.