Mark W. Jenkins - 01 Apr 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 Apr 2025
Net transactions value
-$8,408,923
Form type
4
Filing time
02 Apr 2025, 18:34:12 UTC
Previous filing
04 Mar 2025
Next filing
05 May 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Tax liability $916,901 -4,313 -2% $212.59 214,678 01 Apr 2025 Direct F1
transaction CVNA Class A Common Stock Options Exercise $100,700 +10,000 +4.7% $10.07 224,678 01 Apr 2025 Direct F2
transaction CVNA Class A Common Stock Options Exercise $1,018,555 +24,234 +11% $42.03 248,912 01 Apr 2025 Direct F2
transaction CVNA Class A Common Stock Options Exercise $478,072 +9,199 +3.7% $51.97 258,111 01 Apr 2025 Direct F2
transaction CVNA Class A Common Stock Sale $121,812 -600 -0.23% $203.02 257,511 01 Apr 2025 Direct F2, F3
transaction CVNA Class A Common Stock Sale $714,525 -3,500 -1.4% $204.15 254,011 01 Apr 2025 Direct F2, F4
transaction CVNA Class A Common Stock Sale $870,153 -4,237 -1.7% $205.37 249,774 01 Apr 2025 Direct F2, F5
transaction CVNA Class A Common Stock Sale $626,563 -3,037 -1.2% $206.31 246,737 01 Apr 2025 Direct F2, F6
transaction CVNA Class A Common Stock Sale $564,964 -2,726 -1.1% $207.25 244,011 01 Apr 2025 Direct F2, F7
transaction CVNA Class A Common Stock Sale $126,903 -609 -0.25% $208.38 243,402 01 Apr 2025 Direct F2, F8
transaction CVNA Class A Common Stock Sale $929,495 -4,438 -1.8% $209.44 238,964 01 Apr 2025 Direct F2, F9
transaction CVNA Class A Common Stock Sale $1,441,157 -6,847 -2.9% $210.48 232,117 01 Apr 2025 Direct F2, F10
transaction CVNA Class A Common Stock Sale $1,789,205 -8,462 -3.6% $211.44 223,655 01 Apr 2025 Direct F2, F11
transaction CVNA Class A Common Stock Sale $1,861,953 -8,777 -3.9% $212.14 214,878 01 Apr 2025 Direct F2, F12
transaction CVNA Class A Common Stock Sale $42,620 -200 -0.09% $213.10 214,678 01 Apr 2025 Direct F2

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 -3.7% $0.000000 258,513 01 Apr 2025 Class A Common Stock 10,000 $10.07 Direct F2, F13
transaction CVNA Stock Options (Right to Buy) Options Exercise $0 -24,234 -25% $0.000000 72,703 01 Apr 2025 Class A Common Stock 24,234 $42.03 Direct F2, F14
transaction CVNA Stock Options (Right to Buy) Options Exercise $0 -9,199 -25% $0.000000 27,596 01 Apr 2025 Class A Common Stock 9,199 $51.97 Direct F2, F14
* 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 $202.55 to $203.56, 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.
F4 This transaction was executed in multiple trades at prices ranging from $203.83 to $204.78, 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 $204.86 to $205.85, 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 $205.86 to $206.84, 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 $206.86 to $207.77, 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 $207.91 to $208.87, 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 $28.92 to $209.91, 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 $209.93 to $210.92, 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 $210.93 to $211.92, 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 This transaction was executed in multiple trades at prices ranging from $211.93 to $212.89, 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.
F13 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.
F14 The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vests 25% on April 1, 2025 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.