Mark W. Jenkins - 01 Feb 2025 Form 4 Insider Report for CARVANA CO. (CVNA)

Signature
/s/ Paul Breaux, by Power of Attorney for Mark W. Jenkins
Issuer symbol
CVNA
Transactions as of
01 Feb 2025
Net transactions value
-$2,635,870
Form type
4
Filing time
04 Feb 2025, 17:28:18 UTC
Previous filing
22 Jan 2025
Next filing
18 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Tax liability $235,353 -951 -0.43% $247.48 219,962 01 Feb 2025 Direct F1
transaction CVNA Class A Common Stock Options Exercise $100,700 +10,000 +4.5% $10.07 229,962 03 Feb 2025 Direct F2
transaction CVNA Class A Common Stock Sale $72,783 -300 -0.13% $242.61 229,662 03 Feb 2025 Direct F2, F3
transaction CVNA Class A Common Stock Sale $146,280 -600 -0.26% $243.80 229,062 03 Feb 2025 Direct F2, F4
transaction CVNA Class A Common Stock Sale $48,930 -200 -0.09% $244.65 228,862 03 Feb 2025 Direct F2, F5
transaction CVNA Class A Common Stock Sale $73,770 -300 -0.13% $245.90 228,562 03 Feb 2025 Direct F2, F6
transaction CVNA Class A Common Stock Sale $198,904 -800 -0.35% $248.63 227,762 03 Feb 2025 Direct F2, F7
transaction CVNA Class A Common Stock Sale $233,860 -936 -0.41% $249.85 226,826 03 Feb 2025 Direct F2, F8
transaction CVNA Class A Common Stock Sale $527,057 -2,101 -0.93% $250.86 224,725 03 Feb 2025 Direct F2, F9
transaction CVNA Class A Common Stock Sale $1,005,330 -3,994 -1.8% $251.71 220,731 03 Feb 2025 Direct F2, F10
transaction CVNA Class A Common Stock Sale $194,303 -769 -0.35% $252.67 219,962 03 Feb 2025 Direct F2, F11

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

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 -10,000 -3.5% $0.000000 278,513 03 Feb 2025 Class A Common Stock 10,000 $10.07 Direct F2, F12
* 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 option exercises and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 5, 2024.
F3 This transaction was executed in multiple trades at prices ranging from $242.34 to $243.14, 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 $243.43 to $244.22, 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 $244.48 to $244.82, 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 $245.54 to $246.18, 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 $248.13 to $248.86, 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 $249.28 to $250.24, 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 $250.32 to $251.30, 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 $251.35 to $252.27, 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 $252.44 to $253.30, 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 The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vested 25% on April 1, 2024 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.