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

Role: President, Special Projects
Signature: /s/ Paul Breaux, by Power of Attorney for Thomas Taira
Stock symbol: CVNA
Transactions as of: May 10, 2021
Transactions value $: -$2,359,125
Form type: 4
Date filed: 5/12/2021, 06:58 PM
Next filing: Jun 3, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CVNA	Class A Common Stock	Options Exercise	$658K	+12.5K	+27.69%	$52.66	57.6K	May 10, 2021	Direct	F1
transaction	CVNA	Class A Common Stock	Sale	-$3.02M	-12.5K	-21.68%	$241.39^*	45.1K	May 10, 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	-12.5K	-45.58%	$0.00	14.9K	May 10, 2021	Class A Common Stock	12.5K	$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.