Ernest C. Garcia III - Jan 30, 2024 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
Jan 30, 2024
Transactions value $
$0
Form type
4
Date filed
2/1/2024, 05:49 PM
Previous filing
Jan 26, 2024
Next filing
Feb 5, 2024

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 -1.1K -0.13% $0.00 871K Jan 30, 2024 Direct F1
holding CVNA Class A Common Stock 950K Jan 30, 2024 Ernest C. Garcia III Multi-Generational Trust III F2
holding CVNA Class A Common Stock 850K Jan 30, 2024 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 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 the Issuer, pursuant to a Contribution Agreement dated February 22, 2022, by and between the Issuer and the Reporting Person.
F2 These shares of Class A Common Stock 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 shares of Class A Common Stock 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.