Thomas Taira - 10 May 2021 Form 4 Insider Report for CARVANA CO. (CVNA)

Role: President, Special Projects
Signature: /s/ Paul Breaux, by Power of Attorney for Thomas Taira
Issuer symbol: CVNA
Transactions as of: 10 May 2021
Net transactions value: -$2,359,125
Form type: 4
Filing time: 12 May 2021, 18:58:57 UTC
Next filing: 03 Jun 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CVNA	Class A Common Stock	Options Exercise	$658,250	+12,500	+28%	$52.66	57,647	10 May 2021	Direct	F1
transaction	CVNA	Class A Common Stock	Sale	$3,017,375	-12,500	-22%	$241.39^*	45,147	10 May 2021	Direct	F1

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
transaction	CVNA	Stock Options (Right to Buy)	Options Exercise	$0	-12,500	-46%	$0.000000	14,926	10 May 2021	Class A Common Stock	12,500	$52.66	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The option exercise and sale by the Reporting Person were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 14, 2021.
F2	The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vested 25% on October 1, 2019 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.