Key facts
- This page summarizes Benjamin E. Huston's Form 4 filing for CARVANA CO. (CVNA).
- 4 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 04 Aug 2021, 19:39.
Benjamin E. Huston - 01 Aug 2021 Form 4 Insider Report for CARVANA CO. (CVNA)
- Reporting relationship
- Chief Operating Officer
- Issuer ticker
- CVNA
- Reported as of
- 01 Aug 2021
- Net transaction value
- -$3,450,304
- SEC form
- 4
- Accepted by SEC
- 04 Aug 2021, 19:39:55 UTC
- Prior SEC filing
- 06 Jul 2021
- Next SEC filing
- 03 Sep 2021
- Source filing
- View source filing
- Reporting owner signature
- /s/ Paul Breaux, by Power of Attorney for Benjamin E. Huston
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Benjamin E. Huston filed Form 4 for CARVANA CO. (CVNA) on 04 Aug 2021.
Change
- Previous filing in this sequence was filed on 06 Jul 2021.
- Current net transaction value: -$3,450,304.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
CVNA
transaction
Class A Common Stock
Tax liability
- Transaction value
- $90,804
- Shares
- -269
- Change %
- -0.88%
- Price
- $337.56*
- Shares after
- 30,396
- Date
- 01 Aug 2021
- Ownership
- Direct
- Footnotes
- F1
CVNA
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- $0
- Shares
- +10,000
- Change %
- +33%
- Price
- $0.000000
- Shares after
- 40,396
- Date
- 03 Aug 2021
- Ownership
- Direct
- Footnotes
- F2, F3
CVNA
transaction
Class A Common Stock
Sale
- Transaction value
- $3,359,500
- Shares
- -10,000
- Change %
- -25%
- Price
- $335.95*
- Shares after
- 30,396
- Date
- 02 Aug 2021
- Ownership
- Direct
- Footnotes
- F2, F4
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
CVNA
transaction
Derivative
Class B Units
Conversion of derivative security
- Transaction value
- $0
- Shares
- -12,500
- Change %
- -5.8%
- Price
- $0.000000
- Shares after
- 202,410
- Date
- 03 Aug 2021
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 10,000
- Exercise price
- $0.000000
- Footnotes
- F2, F3, F5, F6
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 6 footnotes
Footnote F1
Represents total number of shares of Class A Common Stock of the Issuer withheld for taxes upon vesting of restricted stock units pursuant to various awards.
Footnote F2
The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 16, 2021 (the "10b5-1 Plan"). The Reporting Person acquired the Class A Common Stock on August 1, 2021 by exchanging 12,500 Class B common units of Carvana Group, LLC ("Class B Units") for 10,000 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement").
Footnote F3
The Exchange Agreement permits holders of Class B Units to exchange their Class B Units for a number of shares of the Issuer's Class A Common Stock equal to the Class A Common Stock Value less theAdjusted Participation Threshold (as each term is defined in the Exchange Agreement) multiplied by 0.8 times the number of Class B Units being exchanged, divided by the Class A Common Stock Value.
Footnote F4
This transaction was executed in multiple trades at prices ranging from $333.76 to $338.00, inclusive; the price reported above reflects the volume weighted average sale price.
Footnote F5
The exchanged Class B Units have a participation threshold of $0.00. The Class B Units have no expiration date.
Footnote F6
The Reporting Person was granted 1,000,000 Class B Units on March 24, 2015 with a participation threshold of $0.00; 250,000 vested on the grant date and 16,667 vest on the first of each month thereafter.