Mark W. Jenkins - 01 May 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 May 2025
Net transactions value
-$3,311,586
Form type
4
Filing time
05 May 2025, 19:24:02 UTC
Previous filing
02 Apr 2025
Next filing
16 May 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
JENKINS MARK W. Chief Financial Officer C/O CARVANA CO., 300 E. RIO SALADO PKWY, TEMPE /s/ Paul Breaux, by Power of Attorney for Mark W. Jenkins 02 Apr 2025 0001700540

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Tax liability $307,030 -1,219 -0.57% $251.87 213,459 01 May 2025 Direct F1
transaction CVNA Class A Common Stock Options Exercise $100,700 +10,000 +4.7% $10.07 223,459 01 May 2025 Direct F2
transaction CVNA Class A Common Stock Options Exercise $84,060 +2,000 +0.9% $42.03 225,459 01 May 2025 Direct F2
transaction CVNA Class A Common Stock Options Exercise $38,978 +750 +0.33% $51.97 226,209 01 May 2025 Direct F2
transaction CVNA Class A Common Stock Sale $73,989 -300 -0.13% $246.63 225,909 01 May 2025 Direct F2
transaction CVNA Class A Common Stock Sale $335,110 -1,350 -0.6% $248.23 224,559 01 May 2025 Direct F2, F3
transaction CVNA Class A Common Stock Sale $75,156 -300 -0.13% $250.52 224,259 01 May 2025 Direct F2, F4
transaction CVNA Class A Common Stock Sale $792,383 -3,145 -1.4% $251.95 221,114 01 May 2025 Direct F2, F5
transaction CVNA Class A Common Stock Sale $743,097 -2,939 -1.3% $252.84 218,175 01 May 2025 Direct F2, F6
transaction CVNA Class A Common Stock Sale $228,645 -900 -0.41% $254.05 217,275 01 May 2025 Direct F2, F7
transaction CVNA Class A Common Stock Sale $385,337 -1,510 -0.69% $255.19 215,765 01 May 2025 Direct F2, F8
transaction CVNA Class A Common Stock Sale $273,067 -1,066 -0.49% $256.16 214,699 01 May 2025 Direct F2, F9
transaction CVNA Class A Common Stock Sale $102,896 -400 -0.19% $257.24 214,299 01 May 2025 Direct F2, F10
transaction CVNA Class A Common Stock Sale $51,598 -200 -0.09% $257.99 214,099 01 May 2025 Direct F2, F11
transaction CVNA Class A Common Stock Sale $62,297 -240 -0.11% $259.57 213,859 01 May 2025 Direct F2, F12
transaction CVNA Class A Common Stock Sale $52,190 -200 -0.09% $260.95 213,659 01 May 2025 Direct F2, F13
transaction CVNA Class A Common Stock Sale $52,530 -200 -0.09% $262.65 213,459 01 May 2025 Direct F2, F14

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 -3.9% $0.000000 248,513 01 May 2025 Class A Common Stock 10,000 $10.07 Direct F2, F15
transaction CVNA Stock Options (Right to Buy) Options Exercise $0 -2,000 -2.8% $0.000000 70,703 01 May 2025 Class A Common Stock 2,000 $42.03 Direct F2, F16
transaction CVNA Stock Options (Right to Buy) Options Exercise $0 -750 -2.7% $0.000000 26,846 01 May 2025 Class A Common Stock 750 $51.97 Direct F2, F16
* 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 $248.00 to $248.95, 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 $250.18 to $250.96, 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 $251.40 to $252.38, 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.
F6 This transaction was executed in multiple trades at prices ranging from $252.52 to $253.44, 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 $253.63 to $254.52, 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 $254.71 to $255.65, 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 $255.72 to $256.69, 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 $256.89 to $257.61, 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 $257.95 to $258.03, 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 This transaction was executed in multiple trades at prices ranging from $258.99 to $259.74, 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 This transaction was executed in multiple trades at prices ranging from $260.74 to $261.16, 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.
F14 This transaction was executed in multiple trades at prices ranging from $262.48 to $262.81, 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.
F15 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.
F16 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.