Paul Breaux - Dec 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
Dec 19, 2023
Transactions value $
-$1,180,000
Form type
4
Date filed
12/20/2023, 05:08 PM
Previous filing
Dec 4, 2023
Next filing
Jan 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Sale -$1.18M -20K -12.13% $59.00 145K Dec 19, 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 9, 2023.

Remarks:

Vice President, General Counsel, & Secretary