Benjamin E. Huston - May 1, 2024 Form 4 Insider Report for CARVANA CO. (CVNA)

Signature
/s/ Paul Breaux, by Power of Attorney for Benjamin E. Huston
Stock symbol
CVNA
Transactions as of
May 1, 2024
Transactions value $
-$2,071,256
Form type
4
Date filed
5/3/2024, 07:54 PM
Previous filing
Apr 3, 2024
Next filing
Jun 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Award $0 +52.7K +29.44% $0.00 232K May 1, 2024 Direct F1
transaction CVNA Class A Common Stock Sale -$63.9K -570 -0.25% $112.15 231K May 2, 2024 Direct F2, F3
transaction CVNA Class A Common Stock Sale -$397K -3.5K -1.52% $113.42 227K May 2, 2024 Direct F2, F4
transaction CVNA Class A Common Stock Sale -$471K -4.11K -1.81% $114.47 223K May 2, 2024 Direct F2, F5
transaction CVNA Class A Common Stock Sale -$657K -5.69K -2.55% $115.51 218K May 2, 2024 Direct F2, F6
transaction CVNA Class A Common Stock Sale -$303K -2.6K -1.19% $116.35 215K May 2, 2024 Direct F2, F7
transaction CVNA Class A Common Stock Sale -$156K -1.33K -0.62% $117.64 214K May 2, 2024 Direct F2, F8
transaction CVNA Class A Common Stock Sale -$23.7K -200 -0.09% $118.35 214K May 2, 2024 Direct F2, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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 $ 111.82 to $112.65, 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 $ 112.88 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 $ 113.98 to $114.96, 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 $ 114.99 to $115.98, 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 $ 115.99 to $116.92, 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 $ 117.24 to $118.22, 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 This transaction was executed in multiple trades at prices ranging from $ 118.30 to $118.40, 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.