Home > Insider Trading > Filing (0001690820-18-000021)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1690820	Carvana Co.	CVNA	Retail-Auto Dealers & Gasoline Stations (5500)	814549921

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1700542	S. Ryan Keeton	C/O Carvana Co. 1930 W. Rio Salado Parkway Tempe AZ 85281	Chief Brand Officer	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2018-04-30	85,000	$0.00	91,000	No	4	C	Direct
Class A Common Stock	Disposition	2018-04-30	85,000	$27.50	6,000	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Class B Units	Disposition	2018-04-30	106,250	$0.00	85,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
393,750			No	4	C	Direct

Footnotes

On April 30, 2018, the Reporting Person exchanged 106,250 Class B common units of Carvana Group, LLC ("Class B Units") for 85,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement"). The Reporting Person immediately sold the 85,000 shares of Class A Common Stock acquired upon conversion of the Class B Units in an underwritten public offering pursuant to the Issuer's Registration Statement on Form S-1 (File No. 333-224404).
The Exchange Agreement permits holders of Class B Units to exchange their Class B Units for a number of shares of the Issuer's Class A Common Stock equal to the Class A Common Stock Value (as defined in the Exchange Agreement) less the applicable participation threshold multiplied by 0.8 times the number of Class B Units being exchanged, divided by the Class A Common Stock Value.
The exchanged Class B Units have a participation threshold of $0.00. The Class B Units have no expiration date.
The Reporting Person was granted 500,000 Class B Units on March 24, 2015 with a participation threshold of $0.00; 125,000 of which vested on the grant date and 8,334 of which vest on the first of each month beginning April 1, 2015.