Ernest C. Garcia III - Dec 30, 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 30, 2022
Transactions value $
-$777
Form type
4
Date filed
1/4/2023, 07:26 PM
Previous filing
Dec 5, 2022
Next filing
Feb 2, 2023

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 -14.9K -1.89% $0.00 773K Dec 30, 2022 Direct F1
transaction CVNA Class A Common Stock Tax liability -$777 -164 -0.02% $4.74* 773K Jan 1, 2023 Direct F2
holding CVNA Class A Common Stock 950K Dec 30, 2022 Ernest C. Garcia III Multi-Generational Trust III F3
holding CVNA Class A Common Stock 850K Dec 30, 2022 Ernest Irrevocable 2004 Trust III F4
* 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 ContributionAgreement 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 "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.
F4 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.