Mark W. Jenkins - Jul 1, 2024 Form 4 Insider Report for CARVANA CO. (CVNA)

Signature
/s/ Paul Breaux, by Power of Attorney for Mark W. Jenkins
Stock symbol
CVNA
Transactions as of
Jul 1, 2024
Transactions value $
-$6,441,640
Form type
4
Date filed
7/3/2024, 05:43 PM
Previous filing
Jun 4, 2024
Next filing
Aug 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Tax liability -$121K -972 -0.5% $124.35 192K Jul 1, 2024 Direct F1
transaction CVNA Class A Common Stock Options Exercise $504K +50K +26.1% $10.07* 242K Jul 1, 2024 Direct F2
transaction CVNA Class A Common Stock Sale -$170K -1.4K -0.58% $121.58 240K Jul 1, 2024 Direct F2, F3
transaction CVNA Class A Common Stock Sale -$1.32M -10.8K -4.48% $123.06 229K Jul 1, 2024 Direct F2, F4
transaction CVNA Class A Common Stock Sale -$3.04M -24.5K -10.68% $123.87 205K Jul 1, 2024 Direct F2, F5
transaction CVNA Class A Common Stock Sale -$1.83M -14.6K -7.14% $124.87 190K Jul 1, 2024 Direct F2, F6
transaction CVNA Class A Common Stock Sale -$327K -2.6K -1.37% $125.62 188K Jul 1, 2024 Direct F2, F7
transaction CVNA Class A Common Stock Sale -$76K -600 -0.32% $126.66 187K Jul 1, 2024 Direct F2, F8
transaction CVNA Class A Common Stock Sale -$64.4K -500 -0.27% $128.85 187K Jul 1, 2024 Direct F2, F9

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CVNA Stock Options (Right to Buy) Options Exercise $0 -50K -12.55% $0.00 349K Jul 1, 2024 Class A Common Stock 50K $10.07 Direct F10
* 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 option exercise and 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 $ 121.20 to $122.13, 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 $ 122.35 to $123.34, 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 $ 123.35 to $124.34, 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 $ 124.35 to $125.34, 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 $ 125.35 to $126.30, 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.
F8 This transaction was executed in multiple trades at prices ranging from $ 126.49 to $127.05, 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 $ 128.30 to $128.99, 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.
F10 The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vested 25% on April 1, 2024 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.