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Filing Details

Accession Number:: 0001144204-18-049182
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-09-12 16:18:36
Reporting Period:: 2018-09-10

Accepted Time:: 2018-09-12 16:18:36
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1690820	Carvana Co.	CVNA	()	4

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1518314	G. Thomas Dundon	2100 Ross Ave Suite 3300 Dallas TX 75201	No	No	Yes	No
1725169	Ddfs Partnership Lp	2100 Ross Ave Suite 3300 Dallas TX 75201	No	No	Yes	No
1725762	Ddfs Management Co Llc	2100 Ross Ave Suite 3300 Dallas TX 75201	No	No	Yes	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	2018-09-10	253,877	$19.69	253,877	No	4	J	Indirect	See Footnotes
Class A Common Stock	Disposition	2018-09-11	253,877	$69.30	0	No	4	S	Indirect	See Footnotes

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

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 ConvertiblePreferred Stock	Disposition	2018-09-10	5,000	$0.00	253,877	$19.69

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
95,000			No	4	C	Indirect

Footnotes

The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.
The Reporting Persons exercised their option to convert 5,000 shares of Preferred Stock into 253,877 shares of Common Stock on September 10, 2018.
Reflects securities directly held by DDFS Partnership LP, a Delaware limited partnership ("DDFS"). DDFS Management Company LLC, a Delaware limited liability company ("DMC"), is the sole general partner of DDFS and holds a 1% general interest in DDFS. Thomas G. Dundon directly holds 100% of the membership interests in DMC.
Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the Reporting Persons are the beneficial owners of any securities reported herein.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.92 to $71.24, inclusive.