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Filing Details

Accession Number:: 0001690820-21-000247
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-08-11 18:51:37
Reporting Period:: 2021-08-09

Accepted Time:: 2021-08-11 18:51:37
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
Class A Common Stock	Acquisiton	2021-08-10	24,500	$0.00	44,723	No	4	C	Direct
Class A Common Stock	Disposition	2021-08-09	24,500	$344.41	20,223	No	4	S	Direct
Class A Common Stock	Acquisiton	2021-08-10	3,000	$0.00	23,223	No	4	C	Direct
Class A Common Stock	Disposition	2021-08-10	3,000	$363.76	20,223	No	4	S	Direct

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

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 B Units	Disposition	2021-08-10	30,625	$0.00	24,500	$0.00
Class A Common Stock	Class B Units	Disposition	2021-08-10	3,750	$0.00	3,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
80,625			No	4	C	Direct
76,875			No	4	C	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	850	Indirect	By Parents

Footnotes

The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 8, 2021. The Reporting Person acquired the Class A Common Stock on August 9, 2021 by exchanging 30,625 Class B common units of Carvana Group, LLC ("Class B Units") for 24,500 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 $339.69 to $350.51, inclusive; the price reported above reflects the volume weighted average sale price.
The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 8, 2021. The Reporting Person acquired the Class A Common Stock on August 10, 2021 by exchanging 3,750 Class B Units for 3,000 shares of Class A Common Stock pursuant to the Exchange Agreement.
This transaction was executed in multiple trades at prices ranging from $362.50 to $365.50, inclusive; the price reported above reflects the volume weighted average sale price.
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 200,000 Class B Units on March 24, 2015 with a participation threshold of $0.000; 40,000 of which vested on March 1, 2016 and 3,333 of which vest on the first of each month thereafter.