Ernest C. Garcia III - 30 Oct 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
Issuer symbol
CVNA
Transactions as of
30 Oct 2024
Net transactions value
-$2,145,847
Form type
4
Filing time
01 Nov 2024, 19:12:23 UTC
Previous filing
03 Oct 2024
Next filing
03 Dec 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 Award $0 +22,412 +2.5% $0.000000 913,959 30 Oct 2024 Direct F1
transaction CVNA Class A Common Stock Tax liability $1,921,349 -9,268 -1% $207.31 904,691 30 Oct 2024 Direct F2
transaction CVNA Class A Common Stock Tax liability $224,498 -980 -0.11% $229.08 903,711 01 Nov 2024 Direct F3
holding CVNA Class A Common Stock 950,000 30 Oct 2024 Ernest C. Garcia III Multi-Generational Trust III F4
holding CVNA Class A Common Stock 850,000 30 Oct 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.