| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CVNA | Class A Common Stock | Sale | -$414K | -3.31K | -0.42% | $125.13 | 784K | Jun 27, 2024 | Direct | F1, F15 |
| transaction | CVNA | Class A Common Stock | Sale | -$501K | -3.98K | -0.51% | $126.02 | 780K | Jun 27, 2024 | Direct | F1, F2 |
| transaction | CVNA | Class A Common Stock | Sale | -$2.91M | -23K | -2.94% | $126.97 | 757K | Jun 27, 2024 | Direct | F1, F2 |
| transaction | CVNA | Class A Common Stock | Sale | -$684K | -5.35K | -0.71% | $127.85 | 752K | Jun 27, 2024 | Direct | F1, F2 |
| transaction | CVNA | Class A Common Stock | Sale | -$592K | -4.59K | -0.61% | $129.15 | 747K | Jun 27, 2024 | Direct | F1, F2 |
| transaction | CVNA | Class A Common Stock | Sale | -$1.06M | -8.17K | -1.09% | $130.05 | 739K | Jun 27, 2024 | Direct | F1, F2 |
| transaction | CVNA | Class A Common Stock | Sale | -$2.01M | -15.3K | -2.07% | $130.96 | 724K | Jun 27, 2024 | Direct | F1, F2 |
| transaction | CVNA | Class A Common Stock | Sale | -$951K | -7.21K | -1% | $131.84 | 717K | Jun 27, 2024 | Direct | F1, F2 |
| transaction | CVNA | Class A Common Stock | Sale | -$484K | -3.65K | -0.51% | $132.75 | 713K | Jun 27, 2024 | Direct | F1, F2 |
| transaction | CVNA | Class A Common Stock | Sale | -$61.2K | -458 | -0.06% | $133.57 | 713K | Jun 27, 2024 | Direct | F1, F2 |
| transaction | CVNA | Class A Common Stock | Sale | -$112K | -900 | -0.13% | $124.67 | 712K | Jun 28, 2024 | Direct | F1, F3, F4 |
| transaction | CVNA | Class A Common Stock | Sale | -$390K | -3.1K | -0.44% | $125.94 | 709K | Jun 28, 2024 | Direct | F1, F3, F4 |
| transaction | CVNA | Class A Common Stock | Sale | -$536K | -4.22K | -0.6% | $127.05 | 704K | Jun 28, 2024 | Direct | F1, F3, F4 |
| transaction | CVNA | Class A Common Stock | Sale | -$662K | -5.18K | -0.74% | $127.82 | 699K | Jun 28, 2024 | Direct | F1, F3, F4 |
| transaction | CVNA | Class A Common Stock | Sale | -$1.11M | -8.61K | -1.23% | $128.94 | 690K | Jun 28, 2024 | Direct | F1, F3, F4 |
| transaction | CVNA | Class A Common Stock | Sale | -$1.13M | -8.73K | -1.26% | $129.89 | 682K | Jun 28, 2024 | Direct | F1, F3, F4 |
| transaction | CVNA | Class A Common Stock | Sale | -$418K | -3.2K | -0.47% | $130.76 | 679K | Jun 28, 2024 | Direct | F1, F3, F4 |
| transaction | CVNA | Class A Common Stock | Sale | -$492K | -3.73K | -0.55% | $131.93 | 675K | Jun 28, 2024 | Direct | F1, F3, F4 |
| transaction | CVNA | Class A Common Stock | Sale | -$810K | -6.09K | -0.9% | $132.99 | 669K | Jun 28, 2024 | Direct | F1, F3, F4 |
| transaction | CVNA | Class A Common Stock | Sale | -$1.28M | -9.58K | -1.43% | $134.01 | 659K | Jun 28, 2024 | Direct | F1, F3, F4 |
| transaction | CVNA | Class A Common Stock | Sale | -$1.8M | -13.3K | -2.02% | $135.03 | 646K | Jun 28, 2024 | Direct | F1, F3, F4 |
| transaction | CVNA | Class A Common Stock | Sale | -$1.07M | -7.89K | -1.22% | $135.97 | 638K | Jun 28, 2024 | Direct | F1, F3, F4 |
| transaction | CVNA | Class A Common Stock | Sale | -$62.5K | -457 | -0.07% | $136.71 | 638K | Jun 28, 2024 | Direct | F1, F3, F4 |
| holding | CVNA | Class A Common Stock | 2.58M | Jun 27, 2024 | Verde Investments, Inc. | F5 | |||||
| holding | CVNA | Class A Common Stock | 850K | Jun 27, 2024 | Ernest Irrevocable 2004 Trust III | F6 | |||||
| holding | CVNA | Class A Common Stock | 950K | Jun 27, 2024 | Ernest C. Garcia III Multi-Generational Trust III | F7 | |||||
| holding | CVNA | Class B Common Stock | 41.4M | Jun 27, 2024 | Direct | ||||||
| holding | CVNA | Class B Common Stock | 11.8M | Jun 27, 2024 | Ernest Irrevocable 2004 Trust III | F8 | |||||
| holding | CVNA | Class B Common Stock | 12M | Jun 27, 2024 | Ernest C. Garcia III Multi-Generational Trust III | F9 | |||||
| holding | CVNA | Class B Common Stock | 8M | Jun 27, 2024 | ECG II SPE, LLC | F10 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | CVNA | Class A Units | 51.8M | Jun 27, 2024 | Class A Common Stock | 51.8M | Direct | F11 | ||||||
| holding | CVNA | Class A Units | 14.8M | Jun 27, 2024 | Class A Common Stock | 14.8M | Ernest Irrevocable 2004 Trust III | F12 | ||||||
| holding | CVNA | Class A Units | 14.9M | Jun 27, 2024 | Class A Common Stock | 14.9M | Ernest C. Garcia III Multi-Generational Trust III | F13 | ||||||
| holding | CVNA | Class A Units | 10M | Jun 27, 2024 | Class A Common Stock | 10M | ECG II SPE, LLC | F14 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on March 11, 2024. |
| F2 | Prices reported in Column 4 are weighted average prices. Shares were sold in multiple transactions at prices ranging from $124.365-$125.36, inclusive (weighted average of $125.1324); $125.37-$126.265, inclusive (weighted average of $126.0236); $126.385-$127.38, inclusive (weighted average of $126.9665); $127.395-$128.37, inclusive (weighted average of $127.8515); $128.40-$129.39, inclusive (weighted average of $129.1469); $129.42-$130.395, inclusive (weighted average of $130.0464); $130.43-$131.41, inclusive (weighted average of $130.9594); $131.43-$132.40, inclusive (weighted average of $131.8372); $132.465-$133.29, inclusive (weighted average of $132.7456); and $133.495-$133.85, inclusive (weighted average of $133.5722), respectively. The reporting person undertakes to provide to the issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein. |
| F3 | Prices reported in Column 4 are weighted average prices. Shares sold in multiple transactions ranging from $124.30-$125.01, inclusive (weighted average $124.6689); $125.33-$126.31, inclusive (weighted average $125.939); $126.40-$127.39, inclusive (weighted average $127.0467); $127.40-$128.38, inclusive (weighted average $127.8238); $128.40-$129.37, inclusive (weighted average $128.9371); $129.41-$130.37, inclusive (weighted average $129.8852); $130.42-$131.40, inclusive (weighted average $130.7607); $131.49-$132.45, inclusive (weighted average $131.9256); $132.49-$133.48, inclusive (weighted average $132.9932); $133.49-$134.47, inclusive (weighted average $134.009); $134.49-$135.48, inclusive (weighted average $135.03); $135.495-$136.49, inclusive (weighted average $135.9673); and $136.65-$136.85, inclusive (weighted average $136.7081), respectively. |
| F4 | Reporting person undertakes to provide to issuer or to staff of the Securities and Exchange Commission, upon request, full information regarding number of shares sold at each separate price within ranges set forth herein. |
| F5 | These Class A Shares are owned directly by Verde Investments, Inc., an entity which Mr. Garcia wholly owns and controls. |
| F6 | These Class A Shares are owned directly by the Ernest Irrevocable 2004 Trust III (the "2004 Trust"). Mr. Garcia may have shared voting and dispositive power with respect to the Class A Shares held by the 2004 Trust. Mr. Garcia is a non-voting co-trustee with respect to the 2004 Trust and Mr. Garcia's son, Ernie Garcia III, is the sole beneficiary. |
| F7 | These Class A Shares are owned directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). Mr. Garcia may have shared voting and dispositive power with respect to the Class A Shares held by the Multi-Generational Trust. Mr. Garcia is a non-voting co-trustee with respect to the Multi-Generational Trust, and Ernie Garcia III and his children are the sole beneficiaries. |
| F8 | These Class B Shares are owned directly by the 2004 Trust. |
| F9 | These Class B Shares are owned directly by the Multi-Generational Trust. |
| F10 | These Class B Shares are owned directly by ECG II SPE, LLC ("E-SPE"), an entity which Mr. Garcia wholly owns and controls. |
| F11 | These Class A Units are exchangeable for 0.8 Class A Shares pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement"). |
| F12 | These Class A Units are owned directly by the 2004 Trust and are exchangeable for 0.8 Class A Shares pursuant to the Exchange Agreement. |
| F13 | These Class A Units are owned directly by the Multi-Generational Trust and are exchangeable for 0.8 Class A Shares pursuant to the Exchange Agreement. |
| F14 | These Class A Units are owned directly by E-SPE and are exchangeable for 0.8 Class A Shares pursuant to the Exchange Agreement. |
| F15 | Prices reported in Column 4 are weighted average prices. Shares were sold in multiple transactions at prices ranging from $124.365-$125.36, inclusive (weighted average of $125.1324); $125.37-$126.265, inclusive (weighted average of $126.0236); $126.385-$127.38, inclusive (weighted average of $126.9665); $127.395-$128.37, inclusive (weighted average of $127.8515); $128.40-$129.39, inclusive (weighted average of $129.1469); $129.42-$130.395, inclusive (weighted average of $130.0464); $130.43-$131.41, inclusive (weighted average of $130.9594); $131.43-$132.40, inclusive (weighted average of $131.8372); $132.465-$133.29, inclusive (weighted average of $132.7456); and $133.495-$133.85, inclusive (weighted average of $133.5722), respectively. The reporting person undertakes to provide to the issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein. |