Ernest C. Garcia III - Dec 1, 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
Dec 1, 2022
Transactions value $
-$1,081
Form type
4
Date filed
12/5/2022, 05:22 PM
Previous filing
Nov 3, 2022
Next filing
Jan 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Tax liability -$1.08K -133 -0.02% $8.13* 788K Dec 1, 2022 Direct F1
holding CVNA Class A Common Stock 950K Dec 1, 2022 Ernest C. Garcia III Multi-Generational Trust III F2
holding CVNA Class A Common Stock 850K Dec 1, 2022 Ernest Irrevocable 2004 Trust III F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 These Class A Shares are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Co-Administrative Trustee and Co-Investment Trustee of the Multi-Generational Trust and therefore shares voting and dispositive power over the shares held directly by the Multi-Generational Trust.
F3 These Class A Shares are held directly by the Ernest Irrevocable 2004 Trust III (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.