| Name | Relationship | Address | Signature | Signature date | CIK |
|---|---|---|---|---|---|
| GARCIA ERNEST C. II | 10%+ Owner | 1720 W. RIO SALADO PARKWAY, SUITE A, TEMPE | /s/ Ernest C. Garcia II | 2025-06-09 | 0001017608 |
| ECG II SPE, LLC | 10%+ Owner | 1720 W. RIO SALADO PARKWAY, SUITE A, TEMPE | /s/ Ernest C. Garcia II, ECG II SPE, LLC | 2025-06-09 | 0001754720 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CVNA | Class A Units | Conversion of derivative security | $0 | -62.5K | -0.13% | $0.00 | 46.5M | Jun 5, 2025 | Class A Common Stock | 50K | Direct | F1 | |
| transaction | CVNA | Class A Units | Conversion of derivative security | $0 | -125K | -0.27% | $0.00 | 46.4M | Jun 6, 2025 | Class A Common Stock | 100K | Direct | F1 | |
| holding | CVNA | Class A Units | 10M | Jun 5, 2025 | Class A Common Stock | 10M | $0.00 | ECG II SPE, LLC | F8 |
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 | Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer 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"). |
| F2 | 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 December 13, 2024. |
| F3 | The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $341.80-$342.79, inclusive (weighted average of $342.4772); $342.80-$343.79, inclusive (weighted average of $343.4944); $343.83-$344.82, inclusive (weighted average of $344.3004); $344.83-$345.825, inclusive (weighted average of $345.2478); $345.83-$346.79, inclusive (weighted average of $346.2225); $346.84-$347.83, inclusive (weighted average of $347.2195); $347.84-$347.98, inclusive (weighted average of $347.9363), 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. |
| F4 | Prices reported in Column 4 are weighted average prices. Shares sold in multiple transactions at prices ranging from $339.34-$340.32, inclusive (weighted average of $339.9544); $340.34-$341.33, inclusive (weighted average of $340.9715); $341.34-$342.33, inclusive (weighted average of $341.8719); $342.34-$343.33, inclusive (weighted average of $342.5722); $343.39-$344.37, inclusive (weighted average of $344.0240); $344.49-$345.48, inclusive (weighted average of $344.9787); $345.525-$346.52, inclusive (weighted average of $346.1523); $346.535-$347.50, inclusive (weighted average of $346.8999); $348.27-$349.25, inclusive (weighted average of $348.8188); $349.39-$350.37, inclusive (weighted average of $350.1488); $350.41-$351.32, inclusive (weighted average of $350.8747), respectively. |
| F5 | Reporting person undertakes to provide to issuer or staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein. |
| F6 | Reflects the cancellation for no consideration of Class B Common Stock of the Issuer ("Class B Shares") in connection with the conversion of Class A Units into Class A Shares. Following the reported transaction, the remaining Class B Shares are owned directly by Ernest C. Garcia II. |
| F7 | These Class B Shares are owned directly by ECG II SPE, LLC ("E-SPE"), an entity which Mr. Garcia wholly owns and controls. |
| F8 | These Class A Units are owned directly by E-SPE and are exchangeable for 0.8 Class A Shares pursuant to the Exchange Agreement. |