Ernest C. Garcia III - 11 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
11 Jun 2025
Net transactions value
-$3,386,328
Form type
4
Filing time
13 Jun 2025, 18:03:32 UTC
Previous filing
11 Jun 2025
Next filing
13 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 13 Jun 2025 0001700548

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Sale $11,340 -34 -0% $333.54 759,966 11 Jun 2025 Ernest Irrevocable 2004 Trust III F1, F2
transaction CVNA Class A Common Stock Sale $11,027 -33 -0% $334.14 859,967 11 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F3, F4
transaction CVNA Class A Common Stock Sale $135,671 -405 -0.05% $334.99 759,561 11 Jun 2025 Ernest Irrevocable 2004 Trust III F1, F2, F5
transaction CVNA Class A Common Stock Sale $136,148 -406 -0.05% $335.34 859,561 11 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F6
transaction CVNA Class A Common Stock Sale $128,753 -383 -0.05% $336.17 759,178 11 Jun 2025 Ernest Irrevocable 2004 Trust III F1, F2, F7
transaction CVNA Class A Common Stock Sale $128,753 -383 -0.04% $336.17 859,178 11 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F7
transaction CVNA Class A Common Stock Sale $236,679 -702 -0.09% $337.15 758,476 11 Jun 2025 Ernest Irrevocable 2004 Trust III F1, F2, F8
transaction CVNA Class A Common Stock Sale $236,679 -702 -0.08% $337.15 858,476 11 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F8
transaction CVNA Class A Common Stock Sale $392,615 -1,161 -0.15% $338.17 757,315 11 Jun 2025 Ernest Irrevocable 2004 Trust III F1, F2, F9
transaction CVNA Class A Common Stock Sale $392,615 -1,161 -0.14% $338.17 857,315 11 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F9
transaction CVNA Class A Common Stock Sale $242,631 -716 -0.09% $338.87 756,599 11 Jun 2025 Ernest Irrevocable 2004 Trust III F1, F2, F10
transaction CVNA Class A Common Stock Sale $242,671 -715 -0.08% $339.40 856,600 11 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F11
transaction CVNA Class A Common Stock Sale $213,602 -628 -0.08% $340.13 755,971 11 Jun 2025 Ernest Irrevocable 2004 Trust III F1, F2, F12
transaction CVNA Class A Common Stock Sale $213,602 -628 -0.07% $340.13 855,972 11 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F12
transaction CVNA Class A Common Stock Sale $204,355 -599 -0.08% $341.16 755,372 11 Jun 2025 Ernest Irrevocable 2004 Trust III F1, F2, F13
transaction CVNA Class A Common Stock Sale $204,355 -599 -0.07% $341.16 855,373 11 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F13
transaction CVNA Class A Common Stock Sale $127,176 -372 -0.05% $341.87 755,000 11 Jun 2025 Ernest Irrevocable 2004 Trust III F1, F2, F14
transaction CVNA Class A Common Stock Sale $127,656 -373 -0.04% $342.24 855,000 11 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F15
holding CVNA Class A Common Stock 925,613 11 Jun 2025 Direct
* 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.
F2 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.
F3 This transaction was executed in multiple trades at prices ranging from $333.54 to $334.49, 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 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.
F5 This transaction was executed in multiple trades at prices ranging from $334.58 to $335.07 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 $335.07 to $335.53, 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 $335.66 to $336.64 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.
F8 This transaction was executed in multiple trades at prices ranging from $336.72 to $337.62 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.
F9 This transaction was executed in multiple trades at prices ranging from $337.65 to $338.65 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.
F10 This transaction was executed in multiple trades at prices ranging from $338.66 to $339.07 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 $339.07 to $339.66, 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 $339.67 to $340.67 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.
F13 This transaction was executed in multiple trades at prices ranging from $340.69 to $341.69 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.
F14 This transaction was executed in multiple trades at prices ranging from $341.70 to $342.10, 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 $342.10 to $342.70 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.