Ernest C. Garcia III - 31 Mar 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
31 Mar 2022
Net transactions value
-$52,204
Form type
4
Filing time
04 Apr 2022, 19:19:29 UTC
Previous filing
03 Mar 2022
Next filing
28 Apr 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 Disposed to Issuer $0 -97,336 -16% $0.000000 505,246 31 Mar 2022 Direct F1
transaction CVNA Class A Common Stock Tax liability $52,204 -437 -0.09% $119.46 504,809 01 Apr 2022 Direct F2
holding CVNA Class A Common Stock 100,000 31 Mar 2022 Ernest C. Garcia III Multi-Generational Trust III F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported shares were contributed to the Issuer to fund restricted stock unit awards to employees of Carvana under the Issuer's 2017 Omnibus Incentive Plan at no charge to Issuer, pursuant to a Contribution Agreement dated February 22, 2022, by and between the Issuer and the Reporting Person.
F2 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.
F3 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.