Mark W. Jenkins - 01 Mar 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 Mar 2025
Net transactions value
-$2,373,792
Form type
4
Filing time
04 Mar 2025, 18:35:21 UTC
Previous filing
18 Feb 2025
Next filing
02 Apr 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Tax liability $226,340 -971 -0.44% $233.10 218,991 01 Mar 2025 Direct F1
transaction CVNA Class A Common Stock Options Exercise $100,700 +10,000 +4.6% $10.07 228,991 03 Mar 2025 Direct F2
transaction CVNA Class A Common Stock Sale $498,996 -2,278 -0.99% $219.05 226,713 03 Mar 2025 Direct F2, F3
transaction CVNA Class A Common Stock Sale $373,592 -1,700 -0.75% $219.76 225,013 03 Mar 2025 Direct F2, F4
transaction CVNA Class A Common Stock Sale $44,488 -200 -0.09% $222.44 224,813 03 Mar 2025 Direct F2, F5
transaction CVNA Class A Common Stock Sale $223,890 -1,000 -0.44% $223.89 223,813 03 Mar 2025 Direct F2, F6
transaction CVNA Class A Common Stock Sale $157,528 -700 -0.31% $225.04 223,113 03 Mar 2025 Direct F2, F7
transaction CVNA Class A Common Stock Sale $45,152 -200 -0.09% $225.76 222,913 03 Mar 2025 Direct F2
transaction CVNA Class A Common Stock Sale $19,994 -88 -0.04% $227.21 222,825 03 Mar 2025 Direct F2
transaction CVNA Class A Common Stock Sale $305,713 -1,334 -0.6% $229.17 221,491 03 Mar 2025 Direct F2, F8
transaction CVNA Class A Common Stock Sale $391,493 -1,700 -0.77% $230.29 219,791 03 Mar 2025 Direct F2, F9
transaction CVNA Class A Common Stock Sale $23,116 -100 -0.05% $231.16 219,691 03 Mar 2025 Direct F2
transaction CVNA Class A Common Stock Sale $46,552 -200 -0.09% $232.76 219,491 03 Mar 2025 Direct F2, F10
transaction CVNA Class A Common Stock Sale $23,362 -100 -0.05% $233.62 219,391 03 Mar 2025 Direct F2
transaction CVNA Class A Common Stock Sale $94,276 -400 -0.18% $235.69 218,991 03 Mar 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 -3.6% $0.000000 268,513 03 Mar 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 $218.41 to $219.39, 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 $219.41 to $220.35, 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 $222.36 to $222.51, 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 $223.48 to $224.32, 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 $224.73 to $225.62, 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 $228.70 to $229.51, 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 $229.85 to $230.69, 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 $232.35 to $233.17, 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 $235.34 to $236.03, 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.