Filing Details

Accession Number:
0001209191-21-047655
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-07-21 21:14:01
Reporting Period:
2021-07-20
Accepted Time:
2021-07-21 21:14:01
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 100 Crescent Court, Suite 1100
Dallas TX 75201
No No Yes No
1704727 Verde Investments, Inc. 100 Crescent Court
Suite 1100
Dallas TX 75201
No No Yes 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 2021-07-20 3,900 $0.00 3,900 No 4 C Direct
Class A Common Stock Disposition 2021-07-20 3,900 $323.41 0 No 4 S Direct
Class A Common Stock Acquisiton 2021-07-20 8,738 $0.00 8,738 No 4 C Direct
Class A Common Stock Disposition 2021-07-20 8,738 $324.58 0 No 4 S Direct
Class A Common Stock Acquisiton 2021-07-20 4,300 $0.00 4,300 No 4 C Direct
Class A Common Stock Disposition 2021-07-20 4,300 $325.42 0 No 4 S Direct
Class A Common Stock Acquisiton 2021-07-20 6,503 $0.00 6,503 No 4 C Direct
Class A Common Stock Disposition 2021-07-20 6,503 $326.61 0 No 4 S Direct
Class A Common Stock Acquisiton 2021-07-20 2,100 $0.00 2,100 No 4 C Direct
Class A Common Stock Disposition 2021-07-20 2,100 $327.34 0 No 4 S Direct
Class B Common Stock Disposition 2021-07-20 25,541 $0.00 40,358,225 No 4 J Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Direct
No 4 S Direct
No 4 C Direct
No 4 S Direct
No 4 C Direct
No 4 S Direct
No 4 C Direct
No 4 S Direct
No 4 C Direct
No 4 S Direct
No 4 J Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Class A Units Disposition 2021-07-20 31,926 $0.00 25,541 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
50,447,781 No 4 C Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock 555,556 Indirect Verde Investments, Inc.
Class A Common Stock 100,000 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
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Class A Common Stock Class A Units $0.00 0 14,792,526 Indirect
Class A Common Stock Class A Units $0.00 0 14,940,000 Indirect
Class A Common Stock Class A Units $0.00 0 10,000,000 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
0 14,792,526 Indirect
0 14,940,000 Indirect
0 10,000,000 Indirect
Footnotes
  1. 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 shares of Class A Common Stock ("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").
  2. 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 June 15, 2020, as modified.
  3. Column 4 reflects a weighted average price. Shares sold in multiple transactions at prices ranging from $322.98-$323.97 (weighted average $323.4061); $324.01-$324.98 (weighted average $324.5776); $325.01-$325.97 (weighted average $325.4247); $326.03-$327.02 (weighted average $326.6103); $327.03-$328.00 (weighted average $327.3383), respectively. Reporting person undertakes to provide issuer, securityholder of issuer or SEC staff, upon request, information regarding number of shares sold at each separate price within ranges set forth herein.
  4. These Class A Shares are owned directly by Verde Investments, Inc., an entity which Mr. Garcia wholly owns and controls.
  5. These Class A Shares are owned directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). Mr. Garcia has sole investment and dispository power over the Multi-Generational Trust assets and Mr. Garcia's son, Ernie Garcia, III, together with Ernie Garcia, III's children, are the sole beneficiaries of the Multi-Generational Trust.
  6. 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.
  7. These Class B Shares are owned directly by the Ernest Irrevocable 2004 Trust III (the "2004 Trust"). Mr. Garcia has shared investment and dispository power over the 2004 Trust assets and Mr. Garcia's son, Ernie Garcia, III, is the sole beneficiary of the 2004 Trust.
  8. These Class B Shares are owned directly by the Multi-Generational Trust.
  9. These Class B Shares are owned directly by ECG II SPE, LLC ("E-SPE"), an entity which Mr. Garcia wholly owns and controls.
  10. 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.
  11. 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.
  12. These Class A Units are owned directly by E-SPE and are exchangeable for 0.8 Class A Shares pursuant to the Exchange Agreement.