Mark W. Jenkins - 01 Jun 2024 Form 4 Insider Report for CARVANA CO. (CVNA)

Signature
/s/ Paul Breaux, by Power of Attorney for Mark W. Jenkins
Issuer symbol
CVNA
Transactions as of
01 Jun 2024
Net transactions value
-$593,352
Form type
4
Filing time
04 Jun 2024, 17:50:15 UTC
Previous filing
03 May 2024
Next filing
03 Jul 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Tax liability $97,081 -971 -0.49% $99.98 197,552 01 Jun 2024 Direct F1
transaction CVNA Class A Common Stock Sale $251,113 -2,553 -1.3% $98.36 194,999 03 Jun 2024 Direct F2, F3
transaction CVNA Class A Common Stock Sale $142,646 -1,440 -0.74% $99.06 193,559 03 Jun 2024 Direct F2, F4
transaction CVNA Class A Common Stock Sale $30,679 -307 -0.16% $99.93 193,252 03 Jun 2024 Direct F2, F5
transaction CVNA Class A Common Stock Sale $20,306 -200 -0.1% $101.53 193,052 03 Jun 2024 Direct F2, F6
transaction CVNA Class A Common Stock Sale $41,160 -400 -0.21% $102.90 192,652 03 Jun 2024 Direct F2, F7
transaction CVNA Class A Common Stock Sale $10,367 -100 -0.05% $103.67 192,552 03 Jun 2024 Direct F2
* 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 Represents total number of shares of Class A Common Stock of the Issuer withheld for taxes upon vesting of restricted stock units pursuant to various awards.
F2 The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 15, 2023.
F3 This transaction was executed in multiple trades at prices ranging from $ 97.79 to $98.71, 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 $ 98.82 to $99.47, 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 $ 99.84 to $100.04, 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.
F6 This transaction was executed in multiple trades at prices ranging from $ 101.42 to $101.64, 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 $ 102.55 to $103.30, 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.