Ernest C. Garcia III - 23 May 2025 Form 4 Insider Report for CARVANA CO. (CVNA)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Paul Breaux, by Power of Attorney for Ernest C. Garcia, III
Issuer symbol
CVNA
Transactions as of
23 May 2025
Net transactions value
-$9,241,821
Form type
4
Filing time
28 May 2025, 20:08:10 UTC
Previous filing
23 May 2025
Next filing
30 May 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
GARCIA ERNEST C. III Chief Executive Officer, Director, 10%+ Owner C/O CARVANA CO., 300 E. RIO SALADO PARKWAY, TEMPE /s/ Paul Breaux, by Power of Attorney for Ernest C. Garcia, III 28 May 2025 0001700548

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Sale $668,268 -2,224 -0.27% $300.48 817,776 23 May 2025 Ernest Irrevocable 2004 Trust III F1, F2, F3, F4
transaction CVNA Class A Common Stock Sale $837,158 -2,776 -0.34% $301.57 815,000 23 May 2025 Ernest Irrevocable 2004 Trust III F1, F3, F4, F5
transaction CVNA Class A Common Stock Sale $668,268 -2,224 -0.24% $300.48 917,776 23 May 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F2, F3, F6
transaction CVNA Class A Common Stock Sale $837,158 -2,776 -0.3% $301.57 915,000 23 May 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F3, F5, F6
transaction CVNA Class A Common Stock Sale $81,577 -266 -0.03% $306.68 814,734 27 May 2025 Ernest Irrevocable 2004 Trust III F1, F3, F4, F7
transaction CVNA Class A Common Stock Sale $236,175 -769 -0.09% $307.12 813,965 27 May 2025 Ernest Irrevocable 2004 Trust III F1, F3, F4, F8
transaction CVNA Class A Common Stock Sale $390,135 -1,267 -0.16% $307.92 812,698 27 May 2025 Ernest Irrevocable 2004 Trust III F1, F3, F4, F9
transaction CVNA Class A Common Stock Sale $461,048 -1,494 -0.18% $308.60 811,204 27 May 2025 Ernest Irrevocable 2004 Trust III F1, F3, F4, F10
transaction CVNA Class A Common Stock Sale $132,457 -428 -0.05% $309.48 810,776 27 May 2025 Ernest Irrevocable 2004 Trust III F1, F3, F4, F11
transaction CVNA Class A Common Stock Sale $90,587 -292 -0.04% $310.23 810,484 27 May 2025 Ernest Irrevocable 2004 Trust III F1, F3, F4, F12
transaction CVNA Class A Common Stock Sale $150,766 -484 -0.06% $311.50 810,000 27 May 2025 Ernest Irrevocable 2004 Trust III F1, F3, F4, F13
transaction CVNA Class A Common Stock Sale $81,577 -266 -0.03% $306.68 914,734 27 May 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F3, F6, F7
transaction CVNA Class A Common Stock Sale $236,022 -768 -0.08% $307.32 913,966 27 May 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F3, F6, F8
transaction CVNA Class A Common Stock Sale $390,290 -1,268 -0.14% $307.80 912,698 27 May 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F3, F6, F9
transaction CVNA Class A Common Stock Sale $461,048 -1,494 -0.16% $308.60 911,204 27 May 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F3, F6, F10
transaction CVNA Class A Common Stock Sale $132,306 -427 -0.05% $309.85 910,777 27 May 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F3, F6, F11
transaction CVNA Class A Common Stock Sale $90,587 -292 -0.03% $310.23 910,485 27 May 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F3, F6, F12
transaction CVNA Class A Common Stock Sale $150,922 -485 -0.05% $311.18 910,000 27 May 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F3, F6, F13
transaction CVNA Class A Common Stock Sale $748,091 -2,382 -0.29% $314.06 807,618 28 May 2025 Ernest Irrevocable 2004 Trust III F1, F3, F4, F14
transaction CVNA Class A Common Stock Sale $556,146 -1,767 -0.22% $314.74 805,851 28 May 2025 Ernest Irrevocable 2004 Trust III F1, F3, F4, F15
transaction CVNA Class A Common Stock Sale $268,499 -851 -0.11% $315.51 805,000 28 May 2025 Ernest Irrevocable 2004 Trust III F1, F3, F4, F16
transaction CVNA Class A Common Stock Sale $748,091 -2,382 -0.26% $314.06 907,618 28 May 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F3, F6, F14
transaction CVNA Class A Common Stock Sale $556,146 -1,767 -0.19% $314.74 905,851 28 May 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F3, F6, F15
transaction CVNA Class A Common Stock Sale $268,499 -851 -0.09% $315.51 905,000 28 May 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F3, F6, F16
holding CVNA Class A Common Stock 926,843 23 May 2025 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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).

Explanation of Responses:

Id Content
F1 The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.
F2 This transaction was executed in multiple trades at prices ranging from $300.00 to $300.98, inclusive.
F3 The price reported reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
F4 These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust.
F5 This transaction was executed in multiple trades at prices ranging from $301.15 to $301.95, inclusive.
F6 These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust.
F7 This transaction was executed in multiple trades at prices ranging from $306.54 to $306.85, inclusive.
F8 This transaction was executed in multiple trades at prices ranging from $306.87 to $307.28, inclusive.
F9 This transaction was executed in multiple trades at prices ranging from $307.51 to $308.35, inclusive.
F10 This transaction was executed in multiple trades at prices ranging from $308.40 to $308.83, inclusive.
F11 This transaction was executed in multiple trades at prices ranging from $309.01 to $309.62, inclusive.
F12 This transaction was executed in multiple trades at prices ranging from $310.17 to $310.36, inclusive.
F13 This transaction was executed in multiple trades at prices ranging from $311.09 to $311.29, inclusive.
F14 This transaction was executed in multiple trades at prices ranging from $313.26 to $314.24 inclusive.
F15 This transaction was executed in multiple trades at prices ranging from $314.27 to $315.04 inclusive.
F16 This transaction was executed in multiple trades at prices ranging from $315.05 to $316.05 inclusive.