Filing Details
- Accession Number:
- 0001690820-24-000372
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-11-12 17:23:57
- Reporting Period:
- 2024-11-08
- Accepted Time:
- 2024-11-12 17:23:57
- 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 |
|---|---|---|---|---|---|---|---|
| 1700540 | W. Mark Jenkins | C/O Carvana Co. 300 E. Rio Salado Pkwy Tempe AZ 85281 | Chief Financial Officer | 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 | Disposition | 2024-11-08 | 20,000 | $245.26 | 170,732 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2024-11-11 | 19,158 | $250.38 | 151,574 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2024-11-11 | 842 | $251.00 | 150,732 | No | 4 | S | Direct | |
| Class A Common Stock | Acquisiton | 2024-11-12 | 20,000 | $0.00 | 170,732 | No | 4 | C | Direct | |
| Class A Common Stock | Acquisiton | 2024-11-12 | 20,000 | $0.00 | 190,732 | No | 4 | C | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | C | Direct | |
| No | 4 | C | 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 | 2024-11-12 | 25,780 | $5.81 | 20,000 | $5.81 |
| Class A Common Stock | Class B Units | Disposition | 2024-11-12 | 25,780 | $5.81 | 20,000 | $5.81 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 60,822 | No | 4 | C | Direct | ||
| 35,042 | No | 4 | C | Direct |
Footnotes
- The reported unit conversions and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 5, 2024.
- This transaction was executed in multiple trades at prices ranging from $245.00 to $245.70, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Personundertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
- This transaction was executed in multiple trades at prices ranging from $250.00 to $250.98, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
- Mr. Jenkins was granted the 100,000 Class B Units on October 21, 2016 with a participation threshold of $5.81; 20,000 vested on January 1, 2017 and 1,667 vest on the first of each month thereafter.
- Pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement"), holders of Class B Units mayexchange 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 definedin the Exchange Agreement) multiplied by 0.8 times the number of Class B Units being exchanged, divided by the Class A Common Stock Value.
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