Home > Insider Trading > Filing (0001690820-19-000053)

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
1700545	W. Paul Breaux	C/O Carvana Co. 1930 W. Rio Salado Pkwy Tempe AZ 85281	See Remarks	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	2018-11-09	7,000	$0.00	18,540	No	4	C	Direct
Class A Common Stock	Disposition	2018-11-09	7,000	$50.05	11,540	No	4	S	Direct

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

Footnotes

On November 9, 2018, the Reporting Person sold the 7,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 20, 2018. The Reporting Person acquired the Class A Common Stock on November 9, 2018 by exchanging 10,031 Class B common units of Carvana Group, LLC ("Class B Units") for 7,000 shares of 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 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 less the Adjusted Participation Threshold (as each term is defined in the Exchange Agreement) multiplied by 0.8 times the number of Class B Units being exchanged, divided by the Class A Common Stock Value.
This Form 4 amends a Form 4 for the reporting person dated November 13, 2018, which due to technical issues relating to third-party filing software used to complete the filing, incorrectly reported the amounts in Column 5 of Table I. Only those amounts have been changed in this amendment.
This transaction was executed in multiple trades at prices ranging from $50.00 to $50.24, inclusive; the price reported above reflects the volume weighted average sale price.