Ernest C. Garcia III - Apr 2, 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
Apr 2, 2024
Transactions value $
-$777,764
Form type
4
Date filed
4/3/2024, 07:01 PM
Previous filing
Mar 5, 2024
Next filing
May 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Sale -$769K -9.28K -1.07% $82.83 862K Apr 2, 2024 Direct F1, F2
transaction CVNA Class A Common Stock Sale -$9.1K -110 -0.01% $82.74 861K Apr 2, 2024 Direct F1
holding CVNA Class A Common Stock 950K Apr 2, 2024 Ernest C. Garcia III Multi-Generational Trust III F3
holding CVNA Class A Common Stock 850K Apr 2, 2024 Ernest Irrevocable 2004 Trust III F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 This transaction was executed in multiple trades at prices ranging from $ 82.39 to $83.21, 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 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.
F4 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.