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Filing Details

Accession Number:: 0001690820-18-000022
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-05-02 18:12:43
Reporting Period:: 2018-04-30

Accepted Time:: 2018-05-02 18:12:43
SEC Url:: Form 4 Filing

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
1702455	J. Ira Platt	C/O Carvana Co. 1930 W. Rio Salado Parkway Tempe AZ 85281		Yes	No	No	No

Reported Non-Derivative Transactions

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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	55,000	$0.00	55,000	No	4	C	Indirect	See Footnote
Class A Common Stock	Disposition	2018-04-30	55,000	$27.50	0	No	4	S	Indirect	See Footnote
Class B Common Stock	Disposition	2018-04-30	55,000	$0.00	264,438	No	4	J	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	J	Indirect	See Footnote

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Class A Units	Disposition	2018-04-30	68,750	$0.00	55,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
330,548			No	4	C	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	20,000	Direct
Class A Common Stock	2,500	Indirect	Owned directly by Reporting Person's parents

Footnotes

On April 30, 2018, the Reporting Person exchanged 68,750 Class A common units of Carvana Group, LLC ("Class A Units") for 55,000 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 55,000 shares of Class A Common Stock acquired upon conversion of the Class A 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 A Units to exchange their Class A Units for shares of Class A Common Stock at a rate of four shares of Class A Common Stock for every five Class A Units being exchanged, or at the Issuer's election, for cash equal to the value of a share of Class A Common Stock multiplied by 0.8 times the number of Class A Units being exchanged. Additionally, to the extent such holders of Class A Units also hold Class B Common Stock, par value $0.001 per share, of the Issuer (the "Class B Common Stock"), they are required to deliver to the Issuer a number of shares of Class B Common Stock equal to the number of shares of Class A Common Stock for which the Class A Units are being exchanged. The Class A Units have no expiration date.
These shares of Class A Common Stock were issued to and sold by Georgiana Ventures, LLC upon exchange of the Class A Units, an entity controlled by the Reporting Person.
These shares of Class B Common Stock were cancelled for no consideration upon the exchange of the Class A Units for shares of Class A Common Stock of the Issuer.
These shares of Class B common stock are owned directly by GV Auto I, LLC ("GV Auto"), an entity in which the Reporting Person is a member, and represent the Reporting Person's pro rata membership interest in GV Auto.
These Class A Units are owned directly by GV Auto, an entity in which the Reporting Person is a member, and represent the Reporting Person's pro rata membership interest in GV Auto.