Ernest C. Garcia III - Apr 26, 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
Apr 26, 2022
Transactions value $
$160,000,000
Form type
4
Date filed
4/28/2022, 05:00 PM
Previous filing
Apr 4, 2022
Next filing
May 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Purchase $24M +300K +59.43% $80.00 805K Apr 26, 2022 Direct F1
transaction CVNA Class A Common Stock Purchase $68M +850K +850% $80.00 950K Apr 26, 2022 Ernest C. Garcia III Multi-Generational Trust III F2, F3
transaction CVNA Class A Common Stock Purchase $68M +850K $80.00 850K Apr 26, 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.