| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CVNA | Class A Common Stock | Award | $0 | +14.1K | +11.12% | $0.00 | 141K | Oct 30, 2024 | Direct | F1 |
| transaction | CVNA | Class A Common Stock | Tax liability | -$1.21M | -5.83K | -4.14% | $207.31 | 135K | Oct 30, 2024 | Direct | F2 |
| transaction | CVNA | Class A Common Stock | Options Exercise | $302K | +30K | +22.22% | $10.07 | 165K | Oct 31, 2024 | Direct | F3 |
| transaction | CVNA | Class A Common Stock | Sale | -$28.5K | -120 | -0.07% | $237.31 | 165K | Oct 31, 2024 | Direct | F3, F4 |
| transaction | CVNA | Class A Common Stock | Sale | -$6.48M | -27K | -16.36% | $240.09 | 138K | Oct 31, 2024 | Direct | F3, F5 |
| transaction | CVNA | Class A Common Stock | Sale | -$700K | -2.9K | -2.1% | $241.51 | 135K | Oct 31, 2024 | Direct | F3, F6 |
| transaction | CVNA | Class A Common Stock | Tax liability | -$141K | -617 | -0.46% | $229.08 | 134K | Nov 1, 2024 | Direct | F7 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CVNA | Stock Options (Right to Buy) | Options Exercise | $0 | -30K | -9.7% | $0.00 | 279K | Oct 31, 2024 | Class A Common Stock | 30K | $10.07 | Direct | F8 |
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).
| 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 conversions and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 9, 2023 (the "10b5-1 Plan"). |
| F4 | This transaction was executed in multiple trades at prices ranging from $ 237.25 to $237.33, 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. |
| F5 | This transaction was executed in multiple trades at prices ranging from $ 239.61 to $240.23, 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 $ 241.13 to $241.65, 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 | 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. |
| F8 | The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vest 25% on April 1, 2024 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer. |
Vice President, General Counsel, & Secretary