Paul Breaux - Jul 19, 2023 Form 4 Insider Report for CARVANA CO. (CVNA)

Role
Vice President, General Counsel, & Secretary
Signature
/s/ Paul Breaux
Stock symbol
CVNA
Transactions as of
Jul 19, 2023
Transactions value $
$1,193,227
Form type
4
Date filed
7/21/2023, 05:29 PM
Previous filing
Jul 5, 2023
Next filing
Aug 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Award $1.86M +33.4K +20.36% $55.80 197K Jul 19, 2023 Direct F1
transaction CVNA Class A Common Stock Tax liability -$670K -12K -6.08% $55.80 185K Jul 19, 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units ("RSUs") granted on February 22, 2023 under the Reporting Person's Performance Restricted Stock Unit Award Agreement between Carvana Co. and the Reporting Person, dated February 22, 2023 ("2023 PRSU Agreement"). The performance condition in the 2023 PRSU Agreement has been met, and all RSUs vested on July 19, 2023.
F2 Represents shares of Class A Common Stock of the Issuer withheld for taxes upon vesting of RSUs under the 2023 PRSU Agreement.

Remarks:

Vice President, General Counsel, & Secretary