Ernest C. Garcia III - 21 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
21 Feb 2022
Net transactions value
+$1,318,099
Form type
4
Filing time
23 Feb 2022, 20:44:24 UTC
Previous filing
03 Feb 2022
Next filing
03 Mar 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 Award $1,318,099 +10,428 +1.8% $126.40 602,773 21 Feb 2022 Direct F1
holding CVNA Class A Common Stock 100,000 21 Feb 2022 Ernest C. Garcia III Multi-Generational Trust III F2

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) Award $0 +48,984 $0.000000 48,984 21 Feb 2022 Class A Common Stock 48,984 $126.40 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Class A Common Stock of Carvana Co. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. The restricted stock units vest 25% on April 1, 2023 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.
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 andtherefore 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.
F3 The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vest 25% on April 1, 2023 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.