Ernest C. Garcia II - Jun 10, 2022 Form 4/A - Amendment Insider Report for CARVANA CO. (CVNA)

Role
10%+ Owner
Signature
/s/ Ernest C. Garcia II
Stock symbol
CVNA
Transactions as of
Jun 10, 2022
Transactions value $
$42,046,810
Form type
4/A - Amendment
Date filed
6/15/2022, 03:42 PM
Date Of Original Report
Jun 14, 2022
Previous filing
Apr 26, 2022
Next filing
Aug 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Purchase $17.4M +794K +133.85% $21.95 1.39M Jun 10, 2022 Verde Investments, Inc. F1, F2
transaction CVNA Class A Common Stock Purchase $15.6M +760K +54.78% $20.50 2.15M Jun 13, 2022 Verde Investments, Inc. F2, F3
transaction CVNA Class A Common Stock Purchase $9.06M +432K +20.12% $20.97 2.58M Jun 13, 2022 Verde Investments, Inc. F2, F3
holding CVNA Class A Common Stock 3.36M Jun 10, 2022 Direct
holding CVNA Class A Common Stock 850K Jun 10, 2022 Ernest Irrevocable 2004 Trust III F4
holding CVNA Class A Common Stock 950K Jun 10, 2022 Ernest C. Garcia III Multi-Generational Trust III F5
holding CVNA Class B Common Stock 38.9M Jun 10, 2022 Direct
holding CVNA Class B Common Stock 11.8M Jun 10, 2022 Ernest Irrevocable 2004 Trust III F6
holding CVNA Class B Common Stock 12M Jun 10, 2022 Ernest C. Garcia III Multi-Generational Trust III F7
holding CVNA Class B Common Stock 8M Jun 10, 2022 ECG II SPE, LLC F8

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding CVNA Class A Units 48.7M Jun 10, 2022 Class A Common Stock Direct F9
holding CVNA Class A Units 14.8M Jun 10, 2022 Class A Common Stock Ernest Irrevocable 2004 Trust III F10
holding CVNA Class A Units 14.9M Jun 10, 2022 Class A Common Stock Ernest C. Garcia III Multi-Generational Trust III F11
holding CVNA Class A Units 10M Jun 10, 2022 Class A Common Stock ECG II SPE, LLC F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $21.62 to $22.00, inclusive (weighted average of $21.9471). 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 purchased at each separate price within the ranges set forth herein.
F2 These Class A Shares are owned directly by Verde Investments, Inc., an entity which Mr. Garcia wholly owns and controls.
F3 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $19.85 to $20.84, inclusive (weighted average of $20.4958) and $20.85 to $21.44, inclusive (weighted average of $20.9713), 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 purchased at each separate price within the ranges set forth herein.
F4 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.
F5 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.
F6 These Class B Shares are owned directly by the 2004 Trust.
F7 These Class B Shares are owned directly by the Multi-Generational Trust.
F8 These Class B Shares are owned directly by ECG II SPE, LLC ("E-SPE"), an entity which Mr. Garcia wholly owns and controls.
F9 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").
F10 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.
F11 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.
F12 These Class A Units are owned directly by E-SPE and are exchangeable for 0.8 Class A Shares pursuant to the Exchange Agreement.