Ernest C. Garcia III - 26 Apr 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
26 Apr 2022
Net transactions value
+$160,000,000
Form type
4
Filing time
28 Apr 2022, 17:00:30 UTC
Previous filing
04 Apr 2022
Next filing
03 May 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 Purchase $24,000,000 +300,000 +59% $80.00 804,809 26 Apr 2022 Direct F1
transaction CVNA Class A Common Stock Purchase $68,000,000 +850,000 +850% $80.00 950,000 26 Apr 2022 Ernest C. Garcia III Multi-Generational Trust III F2, F3
transaction CVNA Class A Common Stock Purchase $68,000,000 +850,000 $80.00 850,000 26 Apr 2022 Ernest Irrevocable 2004 Trust III F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person purchased 300,000 shares of the issuer's common stock at the public offering price in a registered common stock offering by the issuer which closed on April 26, 2022.
F2 The Ernest C. Garcia III Multi-Generational Trust III (the "Trust"), for which the reporting person is the Co-Administrative Trustee and Co-Investment Trustee, purchased 850,000 shares of the issuer's common stock at the public offering price in a registered common stock offering by the issuer which closed on April 26, 2022.
F3 These Class A Shares are held directly by 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.
F4 The Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"), for which the reporting person is the Co-Administrative Trustee and Co-Investment Trustee, purchased 850,000 shares of the issuer's common stock at the public offering price in a registered common stock offering by the issuer which closed on April 26, 2022.
F5 These Class A Shares are held directly by the the Irrevocable Trust. The Reporting Person is the Co-Administrative Trustee and Co-Investment Trustee of the Irrevocable Trust and therefore shares voting and dispositive power over the shares held directly by the Irrevocable Trust.