Benjamin E. Huston - 14 Mar 2025 Form 4 Insider Report for CARVANA CO. (CVNA)

Signature
/s/ Paul Breaux, by Power of Attorney for Benjamin E. Huston
Issuer symbol
CVNA
Transactions as of
14 Mar 2025
Transactions value $
-$8,924,642
Form type
4
Filing time
17 Mar 2025, 11:29:57 UTC
Previous filing
04 Mar 2025
Next filing
26 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Sale -$34.5K -200 -0.08% $172.45 246K 14 Mar 2025 Direct F1
transaction CVNA Class A Common Stock Sale -$235K -1.35K -0.55% $174.06 245K 14 Mar 2025 Direct F1, F2
transaction CVNA Class A Common Stock Sale -$569K -3.25K -1.33% $175.06 241K 14 Mar 2025 Direct F1, F3
transaction CVNA Class A Common Stock Sale -$564K -3.2K -1.33% $176.25 238K 14 Mar 2025 Direct F1, F4
transaction CVNA Class A Common Stock Sale -$1.41M -7.96K -3.34% $177.37 230K 14 Mar 2025 Direct F1, F5
transaction CVNA Class A Common Stock Sale -$2.16M -12.1K -5.27% $178.16 218K 14 Mar 2025 Direct F1, F6
transaction CVNA Class A Common Stock Sale -$1.57M -8.74K -4.01% $179.17 209K 14 Mar 2025 Direct F1, F7
transaction CVNA Class A Common Stock Sale -$648K -3.59K -1.72% $180.17 206K 14 Mar 2025 Direct F1, F8
transaction CVNA Class A Common Stock Sale -$1.73M -9.56K -4.65% $181.27 196K 14 Mar 2025 Direct F1, F9
* 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 The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024 (the "10b5-1 Plan").
F2 This transaction was executed in multiple trades at prices ranging from $173.57 to $174.56, 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.
F3 This transaction was executed in multiple trades at prices ranging from $174.59 to $175.53, 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 $175.69 to $176.67, 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 $176.72 to $177.71, 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 $177.72 to $178.71, 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 $178.72 to $179.71, 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 $179.77 to $180.76, 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 $180.81 to $181.51, 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.