| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CVNA | Class A Common Stock | Award | $0 | +47.1K | +12.01% | $0.00 | 439K | May 1, 2024 | Direct | F1 |
| transaction | CVNA | Class A Common Stock | Sale | -$33.6K | -300 | -0.07% | $112.13 | 439K | May 2, 2024 | Direct | F2, F3 |
| transaction | CVNA | Class A Common Stock | Sale | -$114K | -1K | -0.23% | $113.52 | 438K | May 2, 2024 | Direct | F2, F4 |
| transaction | CVNA | Class A Common Stock | Sale | -$206K | -1.8K | -0.41% | $114.42 | 436K | May 2, 2024 | Direct | F2, F5 |
| transaction | CVNA | Class A Common Stock | Sale | -$566K | -4.9K | -1.12% | $115.51 | 431K | May 2, 2024 | Direct | F2, F6 |
| transaction | CVNA | Class A Common Stock | Sale | -$1.01M | -8.7K | -2.02% | $116.44 | 422K | May 2, 2024 | Direct | F2, F7 |
| transaction | CVNA | Class A Common Stock | Sale | -$353K | -3K | -0.71% | $117.64 | 419K | May 2, 2024 | Direct | F2, F8 |
| transaction | CVNA | Class A Common Stock | Sale | -$1.2M | -10K | -2.38% | $120.00 | 409K | May 2, 2024 | Direct | F9 |
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 | Represents restricted stock units ("RSUs") granted on February 22, 2023 under the Reporting Person's Performance Restricted Stock Unit Award Agreement between Carvana Co. and the Reporting Person, dated February 22, 2023 ("2023 PRSU Agreement"). The performance condition in the 2023 PRSU Agreement has been met, and all RSUs vested on May 1, 2024. |
| F2 | 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. |
| F3 | This transaction was executed in multiple trades at prices ranging from $111.83 to $112.28, 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 $112.89 to $113.84, 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 $113.89 to $114.78, 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 $114.97 to $115.94, 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 $116.00 to $116.80, 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 | This transaction was executed in multiple trades at prices ranging from $117.18 to $118.16, 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. |
| F9 | The reported sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 14, 2023. |