Benjamin E. Huston - Oct 30, 2024 Form 4 Insider Report for CARVANA CO. (CVNA)

Role
Chief Operating Officer
Signature
/s/ Paul Breaux, by Power of Attorney for Benjamin E. Huston
Stock symbol
CVNA
Transactions as of
Oct 30, 2024
Transactions value $
-$2,858,787
Form type
4
Date filed
11/1/2024, 07:12 PM
Previous filing
Oct 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Award $0 +22.2K +10.65% $0.00 231K Oct 30, 2024 Direct F1
transaction CVNA Class A Common Stock Tax liability -$1.91M -9.19K -3.98% $207.31 222K Oct 30, 2024 Direct F2
transaction CVNA Class A Common Stock Sale -$730K -3.04K -1.37% $240.00 219K Oct 31, 2024 Direct F3
transaction CVNA Class A Common Stock Tax liability -$223K -972 -0.44% $229.08 218K Nov 1, 2024 Direct F4
* 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 restricted stock units ("RSUs") granted on January 24, 2024 under the Reporting Person's Performance Restricted Stock Unit Award Agreement between Carvana Co. and the Reporting Person, dated January 24, 2024. The performance condition for the RSUs reported herein has been met, and all RSUs reported herein vested on October 30, 2024
F2 Represents shares of Class A Common Stock of the Issuer withheld for taxes upon vesting of RSUs under the Performance Restricted Stock Unit Award Agreement.
F3 The reported sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 16, 2021.
F4 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.