Ernest C. Garcia III - Mar 31, 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
Mar 31, 2022
Transactions value $
-$52,204
Form type
4
Date filed
4/4/2022, 07:19 PM
Previous filing
Mar 3, 2022
Next filing
Apr 28, 2022

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 -97.3K -16.15% $0.00 505K Mar 31, 2022 Direct F1
transaction CVNA Class A Common Stock Tax liability -$52.2K -437 -0.09% $119.46 505K Apr 1, 2022 Direct F2
holding CVNA Class A Common Stock 100K Mar 31, 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.