| Name | Relationship | Address | Signature | Signature date | CIK |
|---|---|---|---|---|---|
| GARCIA ERNEST C. III | Chief Executive Officer, Director, 10%+ Owner | C/O CARVANA CO., 300 E. RIO SALADO PARKWAY, TEMPE | /s/ Paul Breaux, by Power of Attorney for Ernest C. Garcia, III | 16 May 2025 | 0001700548 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CVNA | Class A Common Stock | Sale | $690,921 | -2,282 | -0.27% | $302.77 | 847,718 | 14 May 2025 | Ernest Irrevocable 2004 Trust III | F1, F2, F3 |
| transaction | CVNA | Class A Common Stock | Sale | $826,299 | -2,718 | -0.32% | $304.01 | 845,000 | 14 May 2025 | Ernest Irrevocable 2004 Trust III | F1, F3, F4 |
| transaction | CVNA | Class A Common Stock | Sale | $1,522,500 | -5,000 | -0.53% | $304.50 | 945,000 | 14 May 2025 | Ernest C. Garcia III Multi-Generational Trust III | F1, F5, F6 |
| transaction | CVNA | Class A Common Stock | Sale | $927,171 | -3,070 | -0.36% | $302.01 | 841,930 | 15 May 2025 | Ernest Irrevocable 2004 Trust III | F1, F3, F7 |
| transaction | CVNA | Class A Common Stock | Sale | $584,172 | -1,930 | -0.23% | $302.68 | 840,000 | 15 May 2025 | Ernest Irrevocable 2004 Trust III | F1, F3, F8 |
| transaction | CVNA | Class A Common Stock | Sale | $1,425,933 | -4,700 | -0.5% | $303.39 | 940,300 | 15 May 2025 | Ernest C. Garcia III Multi-Generational Trust III | F1, F6, F9 |
| transaction | CVNA | Class A Common Stock | Sale | $91,200 | -300 | -0.03% | $304.00 | 940,000 | 15 May 2025 | Ernest C. Garcia III Multi-Generational Trust III | F1, F6 |
| holding | CVNA | Class A Common Stock | 926,843 | 14 May 2025 | Direct |
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).
| 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. |
| F2 | This transaction was executed in multiple trades at prices ranging from $302.46 to $303.42, 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 | These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust. |
| F4 | This transaction was executed in multiple trades at prices ranging from $303.48 to $304.18, 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. |
| F5 | This transaction was executed in multiple trades at prices ranging from $304.18 to $305.15, 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 | These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust. |
| F7 | This transaction was executed in multiple trades at prices ranging from $301.47 to $302.47, 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 $302.50 to $302.80, 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 $302.80 to $303.65, 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. |