Ernest C. Garcia III - 01 Jun 2025 Form 4 Insider Report for CARVANA CO. (CVNA)

Signature
/s/ Paul Breaux, by Power of Attorney for Ernest C. Garcia, III
Issuer symbol
CVNA
Transactions as of
01 Jun 2025
Net transactions value
-$3,655,178
Form type
4
Filing time
03 Jun 2025, 18:20:54 UTC
Previous filing
30 May 2025
Next filing
05 Jun 2025

Reporting Owners (1)

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 03 Jun 2025 0001700548

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Tax liability $402,407 -1,230 -0.13% $327.16 925,613 01 Jun 2025 Direct F1
transaction CVNA Class A Common Stock Sale $15,834 -50 -0.01% $316.69 794,950 02 Jun 2025 Ernest Irrevocable 2004 Trust III F2, F3, F4
transaction CVNA Class A Common Stock Sale $15,834 -50 -0.01% $316.69 894,950 02 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F2, F3, F5
transaction CVNA Class A Common Stock Sale $79,532 -250 -0.03% $318.13 794,700 02 Jun 2025 Ernest Irrevocable 2004 Trust III F2, F4, F6
transaction CVNA Class A Common Stock Sale $79,532 -250 -0.03% $318.13 894,700 02 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F2, F5, F6
transaction CVNA Class A Common Stock Sale $63,834 -200 -0.03% $319.17 794,500 02 Jun 2025 Ernest Irrevocable 2004 Trust III F2, F4, F7
transaction CVNA Class A Common Stock Sale $63,834 -200 -0.02% $319.17 894,500 02 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F2, F5, F7
transaction CVNA Class A Common Stock Sale $160,325 -500 -0.06% $320.65 794,000 02 Jun 2025 Ernest Irrevocable 2004 Trust III F2, F4, F8
transaction CVNA Class A Common Stock Sale $160,325 -500 -0.06% $320.65 894,000 02 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F2, F5, F8
transaction CVNA Class A Common Stock Sale $96,543 -300 -0.04% $321.81 793,700 02 Jun 2025 Ernest Irrevocable 2004 Trust III F2, F4, F9
transaction CVNA Class A Common Stock Sale $96,543 -300 -0.03% $321.81 893,700 02 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F2, F5, F9
transaction CVNA Class A Common Stock Sale $96,840 -300 -0.04% $322.80 793,400 02 Jun 2025 Ernest Irrevocable 2004 Trust III F2, F4, F10
transaction CVNA Class A Common Stock Sale $96,840 -300 -0.03% $322.80 893,400 02 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F2, F5, F10
transaction CVNA Class A Common Stock Sale $95,689 -295 -0.04% $324.37 793,105 02 Jun 2025 Ernest Irrevocable 2004 Trust III F2, F4, F11
transaction CVNA Class A Common Stock Sale $95,689 -295 -0.03% $324.37 893,105 02 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F2, F5, F11
transaction CVNA Class A Common Stock Sale $173,033 -532 -0.07% $325.25 792,573 02 Jun 2025 Ernest Irrevocable 2004 Trust III F2, F4, F12
transaction CVNA Class A Common Stock Sale $173,026 -531 -0.06% $325.85 892,574 02 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F2, F5, F13
transaction CVNA Class A Common Stock Sale $268,430 -823 -0.1% $326.16 791,750 02 Jun 2025 Ernest Irrevocable 2004 Trust III F2, F4, F14
transaction CVNA Class A Common Stock Sale $269,069 -824 -0.09% $326.54 891,750 02 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F2, F5, F15
transaction CVNA Class A Common Stock Sale $131,040 -400 -0.05% $327.60 791,350 02 Jun 2025 Ernest Irrevocable 2004 Trust III F2, F4, F16
transaction CVNA Class A Common Stock Sale $131,040 -400 -0.04% $327.60 891,350 02 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F2, F5, F16
transaction CVNA Class A Common Stock Sale $221,276 -672 -0.08% $329.28 790,678 02 Jun 2025 Ernest Irrevocable 2004 Trust III F2, F4, F17
transaction CVNA Class A Common Stock Sale $221,276 -672 -0.08% $329.28 890,678 02 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F2, F5, F17
transaction CVNA Class A Common Stock Sale $223,693 -678 -0.09% $329.93 790,000 02 Jun 2025 Ernest Irrevocable 2004 Trust III F2, F4, F18
transaction CVNA Class A Common Stock Sale $223,693 -678 -0.08% $329.93 890,000 02 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F2, F5, F18
* 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 sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.
F3 This transaction was executed in multiple trades at prices ranging from $316.69 to $316.70, 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 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.
F5 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.
F6 This transaction was executed in multiple trades at prices ranging from $317.75 to $318.53 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.
F7 This transaction was executed in multiple trades at prices ranging from $318.96 to $319.33 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 $320.33 to $321.01 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 $321.36 to $322.26 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 $322.53 to $323.29 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 $323.74 to $324.71 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.
F12 This transaction was executed in multiple trades at prices ranging from $324.98 to $325.76 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.
F13 This transaction was executed in multiple trades at prices ranging from $325.76 to $325.92 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.
F14 This transaction was executed in multiple trades at prices ranging from $325.99 to $326.45 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 This transaction was executed in multiple trades at prices ranging from $326.45 to $326.64 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.
F16 This transaction was executed in multiple trades at prices ranging from $327.07 to $328.05 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.
F17 This transaction was executed in multiple trades at prices ranging from $328.63 to $329.62 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.
F18 This transaction was executed in multiple trades at prices ranging from $329.65 to $330.35 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.