Ernest C. Garcia III - 29 May 2025 Form 4 Insider Report for CARVANA CO. (CVNA)

Signature
/s/ Paul Breaux, by Power of Attorney for Ernest C. Garcia, III
Issuer symbol
CVNA
Transactions as of
29 May 2025
Net transactions value
-$5,400,700
Form type
4
Filing time
30 May 2025, 21:17:40 UTC
Previous filing
28 May 2025
Next filing
03 Jun 2025

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 30 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 $79,185 -250 -0.03% $316.74 804,750 29 May 2025 Ernest Irrevocable 2004 Trust III F1, F2, F3, F4
transaction CVNA Class A Common Stock Sale $79,185 -250 -0.03% $316.74 904,750 29 May 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F2, F3, F5
transaction CVNA Class A Common Stock Sale $450,428 -1,418 -0.18% $317.65 803,332 29 May 2025 Ernest Irrevocable 2004 Trust III F1, F3, F4, F6
transaction CVNA Class A Common Stockc Sale $450,428 -1,418 -0.16% $317.65 903,332 29 May 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F3, F5, F6
transaction CVNA Class A Common Stock Sale $694,923 -2,182 -0.27% $318.48 801,150 29 May 2025 Ernest Irrevocable 2004 Trust III F1, F3, F4, F7
transaction CVNA Class A Common Stock Sale $694,923 -2,182 -0.24% $318.48 901,150 29 May 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F3, F5, F7
transaction CVNA Class A Common Stock Sale $206,945 -648 -0.08% $319.36 800,502 29 May 2025 Ernest Irrevocable 2004 Trust III F1, F3, F4, F8
transaction CVNA Class A Common Stock Sale $206,788 -647 -0.07% $319.61 900,503 29 May 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F3, F5, F8
transaction CVNA Class A Common Stock Sale $64,046 -200 -0.02% $320.23 800,302 29 May 2025 Ernest Irrevocable 2004 Trust III F1, F3, F4, F9
transaction CVNA Class A Common Stock Sale $64,046 -200 -0.02% $320.23 900,303 29 May 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F3, F5, F9
transaction CVNA Class A Common Stock Sale $81,129 -252 -0.03% $321.94 800,050 29 May 2025 Ernest Irrevocable 2004 Trust III F1, F3, F4, F10
transaction CVNA Class A Common Stock Sale $81,289 -253 -0.03% $321.30 900,050 29 May 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F3, F5, F10
transaction CVNA Class A Common Stock Sale $16,112 -50 -0.01% $322.23 800,000 29 May 2025 Ernest Irrevocable 2004 Trust III F1, F4
transaction CVNA Class A Common Stock Sale $16,112 -50 -0.01% $322.23 900,000 29 May 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F5
transaction CVNA Class A Common Stock Sale $69,403 -219 -0.03% $316.91 799,781 30 May 2025 Ernest Irrevocable 2004 Trust III F1, F3, F4, F11
transaction CVNA Class A Common Stock Sale $69,403 -219 -0.02% $316.91 899,781 30 May 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F3, F5, F11
transaction CVNA Class A Common Stock Sale $302,642 -950 -0.12% $318.57 798,831 30 May 2025 Ernest Irrevocable 2004 Trust III F1, F3, F4, F12
transaction CVNA Class A Common Stock Sale $302,642 -950 -0.11% $318.57 898,831 30 May 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F3, F5, F12
transaction CVNA Class A Common Stock Sale $239,310 -750 -0.09% $319.08 798,081 30 May 2025 Ernest Irrevocable 2004 Trust III F1, F3, F4, F13
transaction CVNA Class A Common Stock Sale $239,310 -750 -0.08% $319.08 898,081 30 May 2025 Ernest C. Garcia III Multi-Generational Trust F1, F3, F5, F13
transaction CVNA Class A Common Stock Sale $65,625 -205 -0.03% $320.12 797,876 30 May 2025 Ernest Irrevocable 2004 Trust III F1, F3, F4, F14
transaction CVNA Class A Common Stock Sale $65,625 -205 -0.02% $320.12 897,876 30 May 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F3, F5, F14
transaction CVNA Class A Common Stock Sale $18,424 -58 -0.01% $317.66 797,818 30 May 2025 Ernest Irrevocable 2004 Trust III F1, F3, F4, F15
transaction CVNA Class A Common Stock Sale $18,424 -57 -0.01% $323.23 897,819 30 May 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F3, F5, F15
transaction CVNA Class A Common Stock Sale $133,692 -415 -0.05% $322.15 797,403 30 May 2025 Ernest Irrevocable 2004 Trust III F1, F3, F4, F16
transaction CVNA Class A Common Stock Sale $133,692 -415 -0.05% $322.15 897,404 30 May 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F3, F5, F16
transaction CVNA Class A Common Stock Sale $114,217 -353 -0.04% $323.56 797,050 30 May 2025 Ernest Irrevocable 2004 Trust III F1, F3, F4, F17
transaction CVNA Class A Common Stock Sale $114,218 -354 -0.04% $322.65 897,050 30 May 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F3, F5, F17
transaction CVNA Class A Common Stock Sale $328,536 -1,014 -0.13% $324.00 796,036 30 May 2025 Ernest Irrevocable 2004 Trust III F1, F3, F4, F18
holding CVNA Class A Common Stock 926,843 29 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 $316.31 to $316.96, 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 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.
F6 This transaction was executed in multiple trades at prices ranging from $317.03 to $317.99, inclusive.
F7 This transaction was executed in multiple trades at prices ranging from $318.00 to $318.98, inclusive.
F8 This transaction was executed in multiple trades at prices ranging from $319.00 to $319.88, inclusive.
F9 This transaction was executed in multiple trades at prices ranging from $320.08 to $320.40, inclusive.
F10 This transaction was executed in multiple trades at prices ranging from $321.10 to $321.54, inclusive.
F11 This transaction was executed in multiple trades at prices ranging from $316.51 to $317.45, inclusive.
F12 This transaction was executed in multiple trades at prices ranging from $317.72 to $318.71, inclusive.
F13 This transaction was executed in multiple trades at prices ranging from $318.85 to $319.44, inclusive.
F14 This transaction was executed in multiple trades at prices ranging from $319.94 to $320.35, inclusive.
F15 This transaction was executed in multiple trades at prices ranging from $320.40 to $320.44, inclusive.
F16 This transaction was executed in multiple trades at prices ranging from $321.63 to $322.46, inclusive.
F17 This transaction was executed in multiple trades at prices ranging from $322.47 to $323.40, inclusive.
F18 This transaction was executed in multiple trades at prices ranging from $323.49 to $324.44, inclusive.

Remarks:

This Form 4 is the first of two Form 4s being filed by the Reporting Person relating to the same events as a result of limitations by the SEC's EDGAR filing system. Each Form 4 will be filed by the Reporting Person.