Ernest C. Garcia III - 01 Feb 2022 Form 4 Insider Report for CARVANA CO. (CVNA)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Paul Breaux, by Power of Attorney for Ernest C. Garcia, III
Issuer symbol: CVNA
Transactions as of: 01 Feb 2022
Net transactions value: -$31,473
Form type: 4
Filing time: 03 Feb 2022, 17:26:12 UTC
Previous filing: 04 Jan 2022
Next filing: 23 Feb 2022
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	Tax liability	$31,473	-191	-0.03%	$164.78	592,345	01 Feb 2022	Direct	F1
holding	CVNA	Class A Common Stock						100,000	01 Feb 2022	Ernest C. Garcia III Multi-Generational Trust III	F2

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

Explanation of Responses:

Id	Content
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.
F2	These Class A Shares are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Trust"). The Reporting Person is the Co-Administrative Trustee and Co-Investment Trustee of the Trust and therefore shares voting and dispositive power over the shares held directly by the Trust. The Reporting Person became the Co-Administrative Trustee and Co-Investment Trustee of the Trust on February 1, 2022.

Content

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.

These Class A Shares are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Trust"). The Reporting Person is the Co-Administrative Trustee and Co-Investment Trustee of the Trust and therefore shares voting and dispositive power over the shares held directly by the Trust. The Reporting Person became the Co-Administrative Trustee and Co-Investment Trustee of the Trust on February 1, 2022.