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Filing Details

Accession Number:: 0001690820-25-000068
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2025-02-18 18:52:44
Reporting Period:: 2025-02-14

Filing Date:: 2025-02-18
Accepted Time:: 2025-02-18 18:52:44
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

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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	Disposition	2025-02-14	16,400	$275.55	203,562	No	4	S	Direct
Class A Common Stock	Disposition	2025-02-14	3,600	$276.28	199,962	No	4	S	Direct
Class A Common Stock	Acquisiton	2025-02-18	20,000	$0.00	219,962	No	4	C	Direct
Class A Common Stock	Acquisiton	2025-02-18	28,422	$88.62	248,384	No	4	M	Direct
Class A Common Stock	Disposition	2025-02-18	28,422	$288.85	219,962	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	S	Direct
No	4	C	Direct
No	4	M	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	2025-02-18	25,679	$5.81	20,000	$5.81
Class A Common Stock	Stock Options (Right to Buy)	Disposition	2025-02-18	28,422	$0.00	28,422	$88.62

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
9,363			No	4	C	Direct
0	2021-04-01	2030-02-14	No	4	M	Direct

Footnotes

The reported unit conversions, option exercises, 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 $275.00 to $275.89, 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 $276.24 to $276.32, 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 vested 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.
This transaction was executed in multiple trades at prices ranging from $288.62 to $289.30, 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.
The option vested 25% on April 1, 2021 and in 36 equal monthly installments thereafter, subject to the Reporting Person's continued service with the Issuer.