Gregory B. Sullivan - Sep 17, 2021 Form 4 Insider Report for CARVANA CO. (CVNA)

Role: Director
Signature: /s/ Paul Breaux, by Power of Attorney for Gregory B. Sullivan
Stock symbol: CVNA
Transactions as of: Sep 17, 2021
Transactions value $: -$813,025
Form type: 4
Date filed: 9/21/2021, 07:03 PM
Next filing: May 18, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CVNA	Class A Common Stock	Options Exercise	$37.5K	+2.5K	+47.86%	$15.00	7.72K	Sep 17, 2021	Direct	F1
transaction	CVNA	Class A Common Stock	Sale	-$851K	-2.5K	-32.37%	$340.21^*	5.22K	Sep 17, 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	-2.5K	-8.08%	$0.00	28.4K	Sep 17, 2021	Class A Common Stock	2.5K	$15.00	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 reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 18, 2021.
F2	All shares underlying this option have vested.