Filing Details
- Accession Number:
- 0001690820-19-000112
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2019-05-14 19:47:31
- Reporting Period:
- 2019-05-10
- Accepted Time:
- 2019-05-14 19:47:31
- 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 |
---|---|---|---|---|---|---|---|
1700678 | T. John Mckeon | C/O Carvana Co. 1930 W. Rio Salado Parway Tempe AZ 85281 | Controller | 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 | 2019-05-10 | 1,000 | $0.00 | 4,021 | No | 4 | C | Direct | |
Class A Common Stock | Disposition | 2019-05-10 | 1,000 | $68.98 | 3,021 | 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 | 2019-05-10 | 1,365 | $4.88 | 1,000 | $4.88 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
17,202 | No | 4 | C | Direct |
Footnotes
- The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 13, 2019. The Reporting Person acquired the Class A Common Stock on May 10, 2019 by exchanging 1,365 Class B common units of Carvana Group, LLC ("Class B Units") for 1,000 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 transaction was executed in multiple trades at prices ranging from $65.30 to $72.55, inclusive; the price reported above reflects the volume weighted average sale price.
- The exchanged Class B Units have a participation threshold of $4.878. The Class B Units have no expiration date
- The Reporting Person was granted 10,000 Class B Units on December 30, 2015 with a participation threshold of $4.878; 2,000 of which vested on March 23, 2016 and 167 of which vest on the first of each month thereafter. The Reporting Person was also granted 10,000 Class B Units on January 29, 2016 with a participation threshold of $4.878; 2,000 of which vested on January 1, 2017 and 167 of which vest on the first of each month thereafter.