Ernest C. Garcia III - 30 Jan 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
Issuer symbol
CVNA
Transactions as of
30 Jan 2024
Net transactions value
$0
Form type
4
Filing time
01 Feb 2024, 17:49:31 UTC
Previous filing
26 Jan 2024
Next filing
05 Feb 2024
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 Disposed to Issuer $0 -1,104 -0.13% $0.000000 871,097 30 Jan 2024 Direct F1
holding CVNA Class A Common Stock 950,000 30 Jan 2024 Ernest C. Garcia III Multi-Generational Trust III F2
holding CVNA Class A Common Stock 850,000 30 Jan 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.