DANIEL J. GILL - 01 Dec 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
01 Dec 2024
Net transactions value
-$11,688,190
Form type
4
Filing time
03 Dec 2024, 17:57:35 UTC
Previous filing
12 Nov 2024
Next filing
03 Jan 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Tax liability $271,358 -1,042 -0.44% $260.42 235,225 01 Dec 2024 Direct F1
transaction CVNA Class A Common Stock Sale $1,181,372 -4,600 -2% $256.82 230,625 02 Dec 2024 Direct F2, F3
transaction CVNA Class A Common Stock Sale $1,802,533 -6,989 -3% $257.91 223,636 02 Dec 2024 Direct F2, F4
transaction CVNA Class A Common Stock Sale $1,853,986 -7,153 -3.2% $259.19 216,483 02 Dec 2024 Direct F2, F5
transaction CVNA Class A Common Stock Sale $3,197,125 -12,299 -5.7% $259.95 204,184 02 Dec 2024 Direct F2, F6
transaction CVNA Class A Common Stock Sale $3,146,314 -12,059 -5.9% $260.91 192,125 02 Dec 2024 Direct F2, F7
transaction CVNA Class A Common Stock Sale $235,503 -900 -0.47% $261.67 191,225 02 Dec 2024 Direct F2, F8
* 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 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.
F2 The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 14, 2023.
F3 This transaction was executed in multiple trades at prices ranging from $256.43 to $257.21, 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.
F4 This transaction was executed in multiple trades at prices ranging from $257.43 to $258.42, 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 $258.43 to $259.40, 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 $259.43 to $260.34, 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 $260.49 to $261.38, 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 $261.50 to $261.75, 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.