| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CVNA | Class A Common Stock | Conversion of derivative security | $0 | +24.5K | +121.15% | $0.00 | 44.7K | Aug 10, 2021 | Direct | F1, F2 |
| transaction | CVNA | Class A Common Stock | Sale | -$8.44M | -24.5K | -54.78% | $344.41* | 20.2K | Aug 9, 2021 | Direct | F1, F3 |
| transaction | CVNA | Class A Common Stock | Conversion of derivative security | $0 | +3K | +14.83% | $0.00 | 23.2K | Aug 10, 2021 | Direct | F2, F4 |
| transaction | CVNA | Class A Common Stock | Sale | -$1.09M | -3K | -12.92% | $363.76* | 20.2K | Aug 10, 2021 | Direct | F4, F5 |
| holding | CVNA | Class A Common Stock | 850 | Aug 9, 2021 | By Parents |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CVNA | Class B Units | Conversion of derivative security | $0 | -30.6K | -27.53% | $0.00 | 80.6K | Aug 10, 2021 | Class A Common Stock | 24.5K | $0.00 | Direct | F1, F2, F6, F7 |
| transaction | CVNA | Class B Units | Conversion of derivative security | $0 | -3.75K | -4.65% | $0.00 | 76.9K | Aug 10, 2021 | Class A Common Stock | 3K | $0.00 | Direct | F2, F4, F6, F7 |
| Id | Content |
|---|---|
| F1 | The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 8, 2021. The Reporting Person acquired the Class A Common Stock on August 9, 2021 by exchanging 30,625 Class B common units of Carvana Group, LLC ("Class B Units") for 24,500 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"). |
| F2 | 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 the Adjusted 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. |
| F3 | This transaction was executed in multiple trades at prices ranging from $339.69 to $350.51, inclusive; the price reported above reflects the volume weighted average sale price. |
| F4 | The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 8, 2021. The Reporting Person acquired the Class A Common Stock on August 10, 2021 by exchanging 3,750 Class B Units for 3,000 shares of Class A Common Stock pursuant to the Exchange Agreement. |
| F5 | This transaction was executed in multiple trades at prices ranging from $362.50 to $365.50, inclusive; the price reported above reflects the volume weighted average sale price. |
| F6 | The exchanged Class B Units have a participation threshold of $0.00. The Class B Units have no expiration date. |
| F7 | The Reporting Person was granted 200,000 Class B Units on March 24, 2015 with a participation threshold of $0.000; 40,000 of which vested on March 1, 2016 and 3,333 of which vest on the first of each month thereafter. |