DANIEL J. GILL - 30 Oct 2024 Form 4 Insider Report for CARVANA CO. (CVNA)

Signature
/s/ Paul Breaux, by Power of Attorney for Daniel J. Gill
Issuer symbol
CVNA
Transactions as of
30 Oct 2024
Net transactions value
-$13,093,023
Form type
4
Filing time
01 Nov 2024, 19:12:52 UTC
Previous filing
24 Oct 2024
Next filing
12 Nov 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Award $0 +19,879 +7% $0.000000 303,166 30 Oct 2024 Direct F1
transaction CVNA Class A Common Stock Tax liability $2,043,455 -9,857 -3.3% $207.31 293,309 30 Oct 2024 Direct F2
transaction CVNA Class A Common Stock Sale $1,440,000 -6,000 -2% $240.00 287,309 31 Oct 2024 Direct F3
transaction CVNA Class A Common Stock Tax liability $238,701 -1,042 -0.36% $229.08 286,267 01 Nov 2024 Direct F4
transaction CVNA Class A Common Stock Sale $283,080 -1,200 -0.42% $235.90 285,067 01 Nov 2024 Direct F3, F5
transaction CVNA Class A Common Stock Sale $528,089 -2,227 -0.78% $237.13 282,840 01 Nov 2024 Direct F3, F6
transaction CVNA Class A Common Stock Sale $1,661,760 -6,986 -2.5% $237.87 275,854 01 Nov 2024 Direct F3, F7
transaction CVNA Class A Common Stock Sale $1,090,670 -4,565 -1.7% $238.92 271,289 01 Nov 2024 Direct F3, F8
transaction CVNA Class A Common Stock Sale $1,277,092 -5,319 -2% $240.10 265,970 01 Nov 2024 Direct F3, F9
transaction CVNA Class A Common Stock Sale $1,924,388 -7,987 -3% $240.94 257,983 01 Nov 2024 Direct F3, F10
transaction CVNA Class A Common Stock Sale $1,163,536 -4,808 -1.9% $242.00 253,175 01 Nov 2024 Direct F3, F11
transaction CVNA Class A Common Stock Sale $777,600 -3,200 -1.3% $243.00 249,975 01 Nov 2024 Direct F3, F12
transaction CVNA Class A Common Stock Sale $442,074 -1,808 -0.72% $244.51 248,167 01 Nov 2024 Direct F3, F13
transaction CVNA Class A Common Stock Sale $222,579 -900 -0.36% $247.31 247,267 01 Nov 2024 Direct F3
* 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 June 14, 2023.
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.
F5 This transaction was executed in multiple trades at prices ranging from $ 235.45 to $236.15 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 $ 236.50 to $237.48, 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 $ 237.50 to $238.48, 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 $ 238.50 to $239.45, 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 $ 239.52 to $240.50, 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 This transaction was executed in multiple trades at prices ranging from $ 240.53 to $241.52, 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.
F11 This transaction was executed in multiple trades at prices ranging from $ 241.53 to $242.50, 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.
F12 This transaction was executed in multiple trades at prices ranging from $ 242.58 to $243.56, 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.
F13 This transaction was executed in multiple trades at prices ranging from $ 244.04 to $244.92, 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.