| 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 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CVNA | Class A Common Stock | Sale | $328,536 | -1,014 | -0.11% | $324.00 | 896,036 | 30 May 2025 | Ernest C. Garcia III Multi-Generational Trust III | F1, F2, F3, F4 |
| transaction | CVNA | Class A Common Stock | Sale | $320,213 | -986 | -0.12% | $324.76 | 795,050 | 30 May 2025 | Ernest Irrevocable 2004 Trust III | F1, F2, F5, F6 |
| transaction | CVNA | Class A Common Stock | Sale | $320,213 | -986 | -0.11% | $324.76 | 895,050 | 30 May 2025 | Ernest C. Garcia III Multi-Generational Trust III | F1, F2, F4, F5 |
| transaction | CVNA | Class A Common Stock | Sale | $16,280 | -50 | -0.01% | $325.59 | 795,000 | 30 May 2025 | Ernest Irrevocable 2004 Trust III | F1, F2, F6, F7 |
| transaction | CVNA | Class A Common Stock | Sale | $16,280 | -50 | -0.01% | $325.59 | 895,000 | 30 May 2025 | Ernest C. Garcia III Multi-Generational Trust III | F1, F2, F4, F7 |
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 reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. |
| F2 | 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. |
| F3 | This transaction was executed in multiple trades at prices ranging from $323.49 to $324.44, inclusive. |
| F4 | 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. |
| F5 | This transaction was executed in multiple trades at prices ranging from $324.45 to $325.44, inclusive. |
| F6 | 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. |
| F7 | This transaction was executed in multiple trades at prices ranging from $325.57 to $325.61, inclusive. |
This Form 4 is the second 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.