Daniel J. Gill - Aug 1, 2024 Form 4 Insider Report for CARVANA CO. (CVNA)

Role: Chief Product Officer
Signature: /s/ Paul Breaux, by Power of Attorney for Daniel J. Gill
Stock symbol: CVNA
Transactions as of: Aug 1, 2024
Transactions value $: -$3,152,820
Form type: 4
Date filed: 8/2/2024, 05:29 PM
Previous filing: Jul 3, 2024
Next filing: Sep 4, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CVNA	Class A Common Stock	Tax liability	-$153K	-1.04K	-0.27%	$146.52	379K	Aug 1, 2024	Direct	F1
transaction	CVNA	Class A Common Stock	Sale	-$3M	-20K	-5.27%	$150.00	359K	Aug 1, 2024	Direct	F2

Showing 1 to 2 of 2 entries

* 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 sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 14, 2023 (the "10b5-1 Plan").