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

Role: Vice President, General Counsel, & Secretary
Signature: /s/ Paul Breaux
Issuer symbol: CVNA
Transactions as of: 19 Jul 2023
Net transactions value: +$1,193,227
Form type: 4
Filing time: 21 Jul 2023, 17:29:15 UTC
Previous filing: 05 Jul 2023
Next filing: 03 Aug 2023
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	Award	$1,863,218	+33,391	+20%	$55.80	197,417	19 Jul 2023	Direct	F1
transaction	CVNA	Class A Common Stock	Tax liability	$669,991	-12,007	-6.1%	$55.80	185,410	19 Jul 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