Filing Details

Accession Number:
0001690820-19-000281
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-11-26 17:20:22
Reporting Period:
2019-11-22
Accepted Time:
2019-11-26 17:20:22
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
1700537 E. Benjamin Huston C/O Carvana Co.
1930 W. Rio Salado Parkway
Tempe AZ 85281
Chief Operating 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 2019-11-22 16,201 $90.25 11,728 No 4 S Direct
Class A Common Stock Acquisiton 2019-11-25 16,201 $0.00 27,929 No 4 C Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S 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 2019-11-25 20,252 $0.00 16,201 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
596,248 No 4 C Direct
Footnotes
  1. The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 14, 2019. The Reporting Person acquired the Class A Common Stock on November 25, 2019 by exchanging 20,252 Class B common units of Carvana Group, LLC ("Class B Units") for 16,201 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").
  2. This transaction was executed in multiple trades at prices ranging from $90.00 to $90.66, inclusive; the price reported above reflects the volume weighted average sale price.
  3. 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.
  4. The exchanged Class B Units have a participation threshold of $0.00. The Class B Units have no expiration date.
  5. The Reporting Person was granted 1,000,000 Class B Units on March 24, 2015 with a participation threshold of $0.00; 250,000 vested on the grant date and 16,667 vest on the first of each month thereafter.