Filing Details

Accession Number:
0001690820-18-000021
Form Type:
4
Zero Holdings:
No
Publication Time:
2018-05-02 18:11:46
Reporting Period:
2018-04-30
Accepted Time:
2018-05-02 18:11:46
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
1700542 S. Ryan Keeton C/O Carvana Co.
1930 W. Rio Salado Parkway
Tempe AZ 85281
Chief Brand 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 Acquisiton 2018-04-30 85,000 $0.00 91,000 No 4 C Direct
Class A Common Stock Disposition 2018-04-30 85,000 $27.50 6,000 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 2018-04-30 106,250 $0.00 85,000 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
393,750 No 4 C Direct
Footnotes
  1. On April 30, 2018, the Reporting Person exchanged 106,250 Class B common units of Carvana Group, LLC ("Class B Units") for 85,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "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 Reporting Person immediately sold the 85,000 shares of Class A Common Stock acquired upon conversion of the Class B Units in an underwritten public offering pursuant to the Issuer's Registration Statement on Form S-1 (File No. 333-224404).
  2. 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 (as defined in the Exchange Agreement) less the applicable participation threshold multiplied by 0.8 times the number of Class B Units being exchanged, divided by the Class A Common Stock Value.
  3. The exchanged Class B Units have a participation threshold of $0.00. The Class B Units have no expiration date.
  4. The Reporting Person was granted 500,000 Class B Units on March 24, 2015 with a participation threshold of $0.00; 125,000 of which vested on the grant date and 8,334 of which vest on the first of each month beginning April 1, 2015.