Stephen R. Palmer - 01 May 2024 Form 4 Insider Report for CARVANA CO. (CVNA)

Signature
/s/ Paul Breaux, by Power of Attorney for Stephen R. Palmer
Issuer symbol
CVNA
Transactions as of
01 May 2024
Net transactions value
-$484,320
Form type
4
Filing time
03 May 2024, 20:38:10 UTC
Previous filing
03 Apr 2024
Next filing
04 Jun 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Sale $99,528 -1,200 -1.9% $82.94 60,672 01 May 2024 Direct F1, F2
transaction CVNA Class A Common Stock Sale $75,537 -900 -1.5% $83.93 59,772 01 May 2024 Direct F1, F3
transaction CVNA Class A Common Stock Sale $25,455 -300 -0.5% $84.85 59,472 01 May 2024 Direct F1, F4
transaction CVNA Class A Common Stock Sale $86,600 -1,000 -1.7% $86.60 58,472 01 May 2024 Direct F1, F5
transaction CVNA Class A Common Stock Sale $43,565 -500 -0.86% $87.13 57,972 01 May 2024 Direct F1, F6
transaction CVNA Class A Common Stock Sale $70,864 -800 -1.4% $88.58 57,172 01 May 2024 Direct F1, F7
transaction CVNA Class A Common Stock Sale $27,018 -300 -0.52% $90.06 56,872 01 May 2024 Direct F1, F8
transaction CVNA Class A Common Stock Sale $11,014 -96 -0.17% $114.73 56,776 02 May 2024 Direct F9, F10
transaction CVNA Class A Common Stock Sale $25,054 -216 -0.38% $115.99 56,560 02 May 2024 Direct F9, F11
transaction CVNA Class A Common Stock Sale $11,197 -96 -0.17% $116.64 56,464 02 May 2024 Direct F9, F12
transaction CVNA Class A Common Stock Sale $8,488 -72 -0.13% $117.89 56,392 02 May 2024 Direct F9, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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).

Explanation of Responses:

Id Content
F1 The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 8, 2023.
F2 This transaction was executed in multiple trades at prices ranging from $ 82.33 to $83.31, 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 $ 83.37 to $84.35, 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.
F4 This transaction was executed in multiple trades at prices ranging from $ 84.58 to $85.37, 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 $ 86.00 to $86.96, 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 $ 87.00 to $87.23, 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 $ 88.17 to $89.04, 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 $ 89.74 to $90.53, 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 Represents shares of Class A common stock sold to pay required taxes upon vesting of restricted stock units.
F10 This transaction was executed in multiple trades at prices ranging from $ 114.30 to $115.20, 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 This transaction was executed in multiple trades at prices ranging from $115.49 to $116.46, 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.
F12 This transaction was executed in multiple trades at prices ranging from $116.50 to $116.77, 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.
F13 This transaction was executed in multiple trades at prices ranging from $117.74 to $118.15, 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.