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Filing Details

Accession Number:: 0000950170-24-116756
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-10-23 19:15:39
Reporting Period:: 2024-10-21

Accepted Time:: 2024-10-23 19:15:39
SEC Url:: Form 4 Filing

Issuer

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

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1017608	Ii C. Ernest Garcia	5430 Lyndon B. Johnson Fwy, Tower 3 Suite 1250 Dallas TX 75240		No	No	No	No
1754720	Ecg Ii Spe, Llc	5430 Lyndon B. Johnson Fwy, Tower 3 Suite 1250 Dallas TX 75240		No	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	2024-10-21	100,000	$0.00	100,000	No	4	C	Direct
Class A Common Stock	Disposition	2024-10-21	19,640	$189.59	80,360	No	4	S	Direct
Class A Common Stock	Disposition	2024-10-21	42,914	$190.47	37,446	No	4	S	Direct
Class A Common Stock	Disposition	2024-10-21	24,990	$191.37	12,456	No	4	S	Direct
Class A Common Stock	Disposition	2024-10-21	10,003	$192.49	2,453	No	4	S	Direct
Class A Common Stock	Disposition	2024-10-21	2,453	$193.03	0	No	4	S	Direct
Class A Common Stock	Acquisiton	2024-10-22	100,000	$0.00	100,000	No	4	C	Direct
Class A Common Stock	Disposition	2024-10-22	6,400	$190.21	93,600	No	4	S	Direct
Class A Common Stock	Disposition	2024-10-22	9,070	$191.47	84,530	No	4	S	Direct
Class A Common Stock	Disposition	2024-10-22	4,600	$192.51	79,930	No	4	S	Direct
Class A Common Stock	Disposition	2024-10-22	8,944	$193.52	70,986	No	4	S	Direct
Class A Common Stock	Disposition	2024-10-22	9,100	$194.90	61,886	No	4	S	Direct
Class A Common Stock	Disposition	2024-10-22	15,484	$195.69	46,402	No	4	S	Direct
Class A Common Stock	Disposition	2024-10-22	32,346	$196.66	14,056	No	4	S	Direct
Class A Common Stock	Disposition	2024-10-22	14,056	$197.38	0	No	4	S	Direct
Class B Common Stock	Disposition	2024-10-21	100,000	$0.00	37,758,131	No	4	J	Direct
Class B Common Stock	Disposition	2024-10-22	100,000	$0.00	37,658,131	No	4	J	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	C	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	C	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	J	Direct
No	4	J	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 A Units	Disposition	2024-10-21	125,000	$0.00	100,000	$0.00
Class A Common Stock	Class A Units	Disposition	2024-10-22	125,000	$0.00	100,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
47,197,663			No	4	C	Direct
47,072,663			No	4	C	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	850,000	Indirect	Ernest Irrevocable 2004 Trust III
Class A Common Stock	950,000	Indirect	Ernest C. Garcia III Multi-Generational Trust III
Class B Common Stock	11,834,021	Indirect	Ernest Irrevocable 2004 Trust III
Class B Common Stock	11,952,000	Indirect	Ernest C. Garcia III Multi-Generational Trust III
Class B Common Stock	8,000,000	Indirect	ECG II SPE, LLC

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Amount	Remaning Holdings	Nature of Ownership
Class A Common Stock	Class A Units	$0.00	14,792,526	14,792,526	Indirect
Class A Common Stock	Class A Units	$0.00	14,940,000	14,940,000	Indirect
Class A Common Stock	Class A Units	$0.00	10,000,000	10,000,000	Indirect

Amount	Remaning Holdings	Nature of Ownership
14,792,526	14,792,526	Indirect
14,940,000	14,940,000	Indirect
10,000,000	10,000,000	Indirect

Footnotes

Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into Class A Shares of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement").
The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on March 11, 2024.
The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $188.95-$189.9419, inclusive (weighted average of $189.5934); $189.95-$190.94, inclusive (weighted average of $190.4692); $190.96-$191.9068, inclusive (weighted average of $191.3696); $191.9662-$192.9655, inclusive (weighted average of $192.4948); and $192.9669-$193.40, inclusive (weighted average of $193.0295), respectively. The reporting person undertakes to provide to the issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
Prices reported in Column 4 are weighted average prices. Shares were sold in multiple transactions at prices ranging from $189.84-$190.80, inclusive (weighted average of $190.2117); $190.96-$191.93, inclusive (weighted average of $191.4665); $192.09-$192.91, inclusive (weighted average of $192.5061); $193.09-$194.06, inclusive (weighted average of $193.5185); $194.16-$195.15, inclusive (weighted average of $194.8996); $195.16-$196.15, inclusive (weighted average of $195.6917); $196.17-$197.16, inclusive (weighted average of $196.6610); and $197.17-$197.80, inclusive (weighted average of $197.3846), respectively. Reporting person undertakes to provide to issuer or staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein.
These Class A Shares are owned directly by the Ernest Irrevocable 2004 Trust III (the "2004 Trust"). Mr. Garcia may have shared voting and dispositive power with respect to the Class A Common Stock ("Class A Shares") held by the 2004 Trust. Mr. Garcia is a non-voting co-trustee with respect to the 2004 Trust and Mr. Garcia's son, Ernie Garcia III, is the sole beneficiary.
These Class A Shares are owned directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). Mr. Garcia may have shared voting and dispositive power with respect to the Class A Shares held by the Multi-Generational Trust. Mr. Garcia is a non-voting co-trustee with respect to the Multi-Generational Trust, and Ernie Garcia III and his children are the sole beneficiaries.
Reflects the cancellation for no consideration of Class B Common Stock of the Issuer ("Class B Shares") in connection with the conversion of Class A Units into Class A Shares. Following the reported transaction, the remaining Class B Shares are owned directly by Ernest C. Garcia II.
These Class B Shares are owned directly by the 2004 Trust.
These Class B Shares are owned directly by the Multi-Generational Trust.
These Class B Shares are owned directly by ECG II SPE, LLC ("E-SPE"), an entity which Mr. Garcia wholly owns and controls.
These Class A Units are owned directly by the 2004 Trust and are exchangeable for 0.8 Class A Shares pursuant to the Exchange Agreement.
These Class A Units are owned directly by the Multi-Generational Trust and are exchangeable for 0.8 Class A Shares pursuant to the Exchange Agreement.
These Class A Units are owned directly by E-SPE and are exchangeable for 0.8 Class A Shares pursuant to the Exchange Agreement.