Ernest C. Garcia III - Oct 30, 2024 Form 4 Insider Report for CARVANA CO. (CVNA)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Paul Breaux, by Power of Attorney for Ernest C. Garcia, III
Stock symbol
CVNA
Transactions as of
Oct 30, 2024
Transactions value $
-$2,145,847
Form type
4
Date filed
11/1/2024, 07:12 PM
Previous filing
Oct 3, 2024
Next filing
Dec 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 +22.4K +2.51% $0.00 914K Oct 30, 2024 Direct F1
transaction CVNA Class A Common Stock Tax liability -$1.92M -9.27K -1.01% $207.31 905K Oct 30, 2024 Direct F2
transaction CVNA Class A Common Stock Tax liability -$224K -980 -0.11% $229.08 904K Nov 1, 2024 Direct F3
holding CVNA Class A Common Stock 950K Oct 30, 2024 Ernest C. Garcia III Multi-Generational Trust III F4
holding CVNA Class A Common Stock 850K Oct 30, 2024 Ernest Irrevocable 2004 Trust III F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 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.
F4 These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Co-Administrative Trustee and Co-Investment Trustee of the Multi-Generational Trust and therefore shares voting and dispositive power over the shares held directly by the Multi-Generational Trust.
F5 These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Co-Administrative Trustee and Co-Investment Trustee of the Irrevocable Trust and therefore shares voting and dispositive power over the shares held directly by the Irrevocable Trust.