Ernest C. Garcia III - Feb 21, 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
Stock symbol
CVNA
Transactions as of
Feb 21, 2022
Transactions value $
$1,318,099
Form type
4
Date filed
2/23/2022, 08:44 PM
Previous filing
Feb 3, 2022
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Award $1.32M +10.4K +1.76% $126.40 603K Feb 21, 2022 Direct F1
holding CVNA Class A Common Stock 100K Feb 21, 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 +49K $0.00 49K Feb 21, 2022 Class A Common Stock 49K $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.