Key facts
- This page summarizes Ernest C. Garcia II's Form 4 filing for CARVANA CO. (CVNA).
- 9 reported transactions and 4 derivative rows are listed below.
- Accepted by SEC: 25 Oct 2024, 18:03.
Ernest C. Garcia II - 25 Oct 2024 Form 4 Insider Report for CARVANA CO. (CVNA)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- CVNA
- Reported as of
- 25 Oct 2024
- Net transaction value
- -$3,181,176
- SEC form
- 4
- Accepted by SEC
- 25 Oct 2024, 18:03:52 UTC
- Prior SEC filing
- 25 Oct 2024
- Next SEC filing
- 13 May 2025
- Source filing
- View source filing
- Reporting owner signature
- /s/ Ernest C. Garcia II
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Ernest C. Garcia II filed Form 4 for CARVANA CO. (CVNA) on 25 Oct 2024.
Change
- Previous filing in this sequence was filed on 25 Oct 2024.
- Current net transaction value: -$3,181,176.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
CVNA
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- Shares
- +15,814
- Change %
- Price
- Shares after
- 15,814
- Date
- 25 Oct 2024
- Ownership
- Direct
- Footnotes
- F1
CVNA
transaction
Class A Common Stock
Sale
- Transaction value
- $135,585
- Shares
- -682
- Change %
- -4.3%
- Price
- $198.80
- Shares after
- 15,132
- Date
- 25 Oct 2024
- Ownership
- Direct
- Footnotes
- F2, F3
CVNA
transaction
Class A Common Stock
Sale
- Transaction value
- $59,905
- Shares
- -300
- Change %
- -2%
- Price
- $199.68
- Shares after
- 14,832
- Date
- 25 Oct 2024
- Ownership
- Direct
- Footnotes
- F2, F3
CVNA
transaction
Class A Common Stock
Sale
- Transaction value
- $1,161,955
- Shares
- -5,792
- Change %
- -39%
- Price
- $200.61
- Shares after
- 9,040
- Date
- 25 Oct 2024
- Ownership
- Direct
- Footnotes
- F2, F3
CVNA
transaction
Class A Common Stock
Sale
- Transaction value
- $1,381,673
- Shares
- -6,856
- Change %
- -76%
- Price
- $201.53
- Shares after
- 2,184
- Date
- 25 Oct 2024
- Ownership
- Direct
- Footnotes
- F2, F3
CVNA
transaction
Class A Common Stock
Sale
- Transaction value
- $440,636
- Shares
- -2,177
- Change %
- -100%
- Price
- $202.41
- Shares after
- 7
- Date
- 25 Oct 2024
- Ownership
- Direct
- Footnotes
- F2, F3
CVNA
transaction
Class A Common Stock
Sale
- Transaction value
- $1,423
- Shares
- -7
- Change %
- -100%
- Price
- $203.27
- Shares after
- 0
- Date
- 25 Oct 2024
- Ownership
- Direct
- Footnotes
- F2, F3
CVNA
transaction
Class B Common Stock
Other
- Transaction value
- Shares
- -15,814
- Change %
- -0.04%
- Price
- Shares after
- 37,442,317
- Date
- 25 Oct 2024
- Ownership
- Direct
- Footnotes
- F6
CVNA
holding
Class A Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 850,000
- Date
- 25 Oct 2024
- Ownership
- Ernest Irrevocable 2004 Trust III
- Footnotes
- F4
CVNA
holding
Class A Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 950,000
- Date
- 25 Oct 2024
- Ownership
- Ernest C. Garcia III Multi-Generational Trust III
- Footnotes
- F5
CVNA
holding
Class B Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 11,834,021
- Date
- 25 Oct 2024
- Ownership
- Ernest Irrevocable 2004 Trust III
- Footnotes
- F7
CVNA
holding
Class B Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 11,952,000
- Date
- 25 Oct 2024
- Ownership
- Ernest C. Garcia III Multi-Generational Trust III
- Footnotes
- F8
CVNA
holding
Class B Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 8,000,000
- Date
- 25 Oct 2024
- Ownership
- ECG II SPE, LLC
- Footnotes
- F9
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
CVNA
transaction
Derivative
Class A Units
Conversion of derivative security
- Transaction value
- $0
- Shares
- -19,768
- Change %
- -0.04%
- Price
- $0.000000
- Shares after
- 46,802,895
- Date
- 25 Oct 2024
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 15,814
- Exercise price
- Footnotes
- F1
CVNA
holding
Derivative
Class A Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 14,792,526
- Date
- 25 Oct 2024
- Ownership
- Ernest Irrevocable 2004 Trust III
- Underlying class
- Class A Common Stock
- Underlying amount
- 14,792,526
- Exercise price
- Footnotes
- F10
CVNA
holding
Derivative
Class A Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 14,940,000
- Date
- 25 Oct 2024
- Ownership
- Ernest C. Garcia III Multi-Generational Trust III
- Underlying class
- Class A Common Stock
- Underlying amount
- 14,940,000
- Exercise price
- Footnotes
- F11
CVNA
holding
Derivative
Class A Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 10,000,000
- Date
- 25 Oct 2024
- Ownership
- ECG II SPE, LLC
- Underlying class
- Class A Common Stock
- Underlying amount
- 10,000,000
- Exercise price
- Footnotes
- F12
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Rule 10b5-1 trading plan
These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.
Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).
Explanation of responses 12 footnotes
Footnote F1
Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into Class A Shares of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement").
Footnote F2
The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on March 11, 2024.
Footnote F3
Prices reported in Column 4 are weighted average prices. Shares were sold in multiple transactions at prices ranging from $198.01-$199.00, inclusive (weighted average of $198.8047); $199.05-$200.02, inclusive (weighted average of $199.6836); $200.06-$201.055, inclusive (weighted average of $200.6137); $201.07-$202.06, inclusive (weighted average of $201.5275); $202.07-$203.06, inclusive (weighted average of $202.4051); and $203.22-$203.60, inclusive (weighted average of $203.2743), respectively. Reporting person undertakes to provide to issuer or staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein.
Footnote F4
These Class A Shares are owned directly by the Ernest Irrevocable 2004 Trust III (the "2004 Trust"). Mr. Garcia may have shared voting and dispositive power with respect to the Class A Common Stock ("Class A Shares") held by the 2004 Trust. Mr. Garcia is a non-voting co-trustee with respect to the 2004 Trust and Mr. Garcia's son, Ernie Garcia III, is the sole beneficiary.
Footnote F5
These Class A Shares are owned directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). Mr. Garcia may have shared voting and dispositive power with respect to the Class A Shares held by the Multi-Generational Trust. Mr. Garcia is a non-voting co-trustee with respect to the Multi-Generational Trust, and Ernie Garcia III and his children are the sole beneficiaries.
Footnote F6
Reflects the cancellation for no consideration of Class B Common Stock of the Issuer ("Class B Shares") in connection with the conversion of Class A Units into Class A Shares. Following the reported transaction, the remaining Class B Shares are owned directly by Ernest C. Garcia II.
Footnote F7
These Class B Shares are owned directly by the 2004 Trust.
Footnote F8
These Class B Shares are owned directly by the Multi-Generational Trust.
Footnote F9
These Class B Shares are owned directly by ECG II SPE, LLC ("E-SPE"), an entity which Mr. Garcia wholly owns and controls.
Footnote F10
These Class A Units are owned directly by the 2004 Trust and are exchangeable for 0.8 Class A Shares pursuant to the Exchange Agreement.
Footnote F11
These Class A Units are owned directly by the Multi-Generational Trust and are exchangeable for 0.8 Class A Shares pursuant to the Exchange Agreement.
Footnote F12
These Class A Units are owned directly by E-SPE and are exchangeable for 0.8 Class A Shares pursuant to the Exchange Agreement.