| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CVNA | Class A Common Stock | Options Exercise | $503,500 | +50,000 | +27% | $10.07* | 233,156 | 01 Apr 2024 | Direct | F1 |
| transaction | CVNA | Class A Common Stock | Sale | $379,430 | -4,413 | -1.9% | $85.98 | 228,743 | 01 Apr 2024 | Direct | F1, F2 |
| transaction | CVNA | Class A Common Stock | Sale | $3,502,818 | -40,369 | -18% | $86.77 | 188,374 | 01 Apr 2024 | Direct | F1, F3 |
| transaction | CVNA | Class A Common Stock | Sale | $455,844 | -5,218 | -2.8% | $87.36 | 183,156 | 01 Apr 2024 | Direct | F1, F4 |
| transaction | CVNA | Class A Common Stock | Sale | $43,020 | -500 | -0.27% | $86.04 | 182,656 | 01 Apr 2024 | Direct | F1, F5 |
| transaction | CVNA | Class A Common Stock | Sale | $373,283 | -4,300 | -2.4% | $86.81 | 178,356 | 01 Apr 2024 | Direct | F1, F6 |
| transaction | CVNA | Class A Common Stock | Sale | $17,514 | -200 | -0.11% | $87.57 | 178,156 | 01 Apr 2024 | Direct | F1, F7 |
| transaction | CVNA | Class A Common Stock | Sale | $691,966 | -8,348 | -4.7% | $82.89 | 169,808 | 02 Apr 2024 | Direct | F8, F9 |
| transaction | CVNA | Class A Common Stock | Sale | $66,951 | -802 | -0.47% | $83.48 | 169,006 | 02 Apr 2024 | Direct | F8, F10 |
| transaction | CVNA | Class A Common Stock | Sale | $12,105 | -146 | -0.09% | $82.91 | 168,860 | 02 Apr 2024 | Direct | F8 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CVNA | Stock Options (Right to Buy) | Options Exercise | $0 | -50,000 | -10% | $0.000000 | 448,513 | 01 Apr 2024 | Class A Common Stock | 50,000 | $10.07 | Direct | F11 |
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).
| Id | Content |
|---|---|
| F1 | The reported option exercise and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 15, 2023. |
| F2 | This transaction was executed in multiple trades at prices ranging from $ 85.25 to $86.24, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. |
| F3 | This transaction was executed in multiple trades at prices ranging from $ 86.26 to $87.25, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. |
| F4 | This transaction was executed in multiple trades at prices ranging from $ 87.26 to $87.70, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. |
| F5 | This transaction was executed in multiple trades at prices ranging from $ 85.39 to $86.27, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. |
| F6 | This transaction was executed in multiple trades at prices ranging from $ 86.42 to $87.38, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. |
| F7 | This transaction was executed in multiple trades at prices ranging from $ 87.43 to $87.70, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. |
| F8 | Represents total number of shares of Class A Common Stock of the Issuer sold to pay required taxes upon vesting of restricted stock units pursuant to various awards. |
| F9 | This transaction was executed in multiple trades at prices ranging from $ 82.39 to $83.35, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. |
| F10 | This transaction was executed in multiple trades at prices ranging from $ 83.40 to $83.62, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. |
| F11 | The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vested 25% on April 1, 2024 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer. |