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Filing Details

Accession Number:: 0000950170-24-044552
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-04-15 19:46:01
Reporting Period:: 2024-04-11

Accepted Time:: 2024-04-15 19:46:01
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1690820	Carvana Co.	CVNA	()	4

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1017608	Ii C. Ernest Garcia	100 Crescent Court, Suite 1100 Dallas TX 75201	No	No	No	No
1704727	Verde Investments, Inc.	100 Crescent Court Suite 1100 Dallas TX 75201	No	No	No	No
1754720	Ecg Ii Spe, Llc	100 Crescent Court Suite 1100 Dallas TX 75201	No	No	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	Explanation
Class A Common Stock	Disposition	2024-04-11	50,000	$80.13	3,312,500	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	2,578,314	Indirect	Verde Investments, Inc.
Class A Common Stock	850,000	Indirect	Ernest Irrevocable 2004 Trust III
Class A Common Stock	950,000	Indirect	Ernest C. Garcia III Multi-Generational Trust III
Class B Common Stock	41,442,317	Direct
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

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Sec. Name	Sec. Type	Price	Amount	Remaning Holdings	Nature of Ownership
Class A Common Stock	Class A Units	$0.00	51,802,896	51,802,896	Direct
Class A Common Stock	Class A Units	$0.00	14,792,526	14,792,526	Indirect
Class A Common Stock	Class A Units	$0.00	14,940,000	14,940,000	Indirect
Class A Common Stock	Class A Units	$0.00	10,000,000	10,000,000	Indirect

Amount	Remaning Holdings	Nature of Ownership
51,802,896	51,802,896	Direct
14,792,526	14,792,526	Indirect
14,940,000	14,940,000	Indirect
10,000,000	10,000,000	Indirect

Footnotes

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 March 11, 2024.
These Class A Shares are owned directly by Verde Investments, Inc., an entity which Mr. Garcia wholly owns and controls.
These Class A Shares are owned directly by the Ernest Irrevocable 2004 Trust III (the "2004 Trust"). Mr. Garcia may have shared voting and dispositive power with respect to the Class A Shares held by the 2004 Trust. Mr. Garcia is a non-voting co-trustee with respect to the 2004 Trust and Mr. Garcia's son, Ernie Garcia III, is the sole beneficiary.
These Class A Shares are owned directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). Mr. Garcia may have shared voting and dispositive power with respect to the Class A Shares held by the Multi-Generational Trust. Mr. Garcia is a non-voting co-trustee with respect to the Multi-Generational Trust, and Ernie Garcia III and his children are the sole beneficiaries.
These Class B Shares are owned directly by the 2004 Trust.
These Class B Shares are owned directly by the Multi-Generational Trust.
These Class B Shares are owned directly by ECG II SPE, LLC ("E-SPE"), an entity which Mr. Garcia wholly owns and controls.
These Class A Units are exchangeable for 0.8 Class A Shares 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").
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.
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.
These Class A Units are owned directly by E-SPE and are exchangeable for 0.8 Class A Shares pursuant to the Exchange Agreement.