Filing Details
- Accession Number:
- 0001690820-25-000206
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2025-06-03 18:21:05
- Reporting Period:
- 2025-05-30
- Filing Date:
- 2025-06-03
- Accepted Time:
- 2025-06-03 18:21:05
- 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
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Disposition | 2025-05-30 | 20,000 | $325.13 | 193,459 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2025-05-30 | 31,380 | $326.61 | 162,079 | No | 4 | S | Direct | |
| Class A Common Stock | Acquisiton | 2025-05-30 | 31,380 | $126.40 | 193,459 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2025-06-01 | 1,220 | $327.16 | 192,239 | No | 4 | F | Direct | |
| Class A Common Stock | Acquisiton | 2025-06-02 | 10,000 | $10.07 | 202,239 | No | 4 | M | Direct | |
| Class A Common Stock | Acquisiton | 2025-06-02 | 2,000 | $42.03 | 204,239 | No | 4 | M | Direct | |
| Class A Common Stock | Acquisiton | 2025-06-02 | 750 | $51.97 | 204,989 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2025-06-02 | 300 | $317.67 | 204,689 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2025-06-02 | 309 | $318.44 | 204,380 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2025-06-02 | 600 | $319.83 | 203,780 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2025-06-02 | 700 | $321.21 | 203,080 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2025-06-02 | 689 | $322.24 | 202,391 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2025-06-02 | 500 | $323.11 | 201,891 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2025-06-02 | 416 | $324.40 | 201,475 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2025-06-02 | 1,500 | $325.75 | 199,975 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2025-06-02 | 1,507 | $326.48 | 198,468 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2025-06-02 | 1,501 | $327.58 | 196,967 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2025-06-02 | 749 | $328.56 | 196,218 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2025-06-02 | 1,333 | $329.79 | 194,885 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2025-06-02 | 2,046 | $330.96 | 192,839 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2025-06-02 | 600 | $331.71 | 192,239 | No | 4 | S | Direct | |
| Class A Common Stock | Acquisiton | 2025-06-03 | 20,000 | $0.00 | 212,239 | No | 4 | C | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
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| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| 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 | Stock Options (Right to Buy) | Disposition | 2025-05-30 | 31,380 | $0.00 | 31,380 | $126.40 |
| Class A Common Stock | Stock Options (Right to Buy) | Disposition | 2025-06-02 | 10,000 | $0.00 | 10,000 | $10.07 |
| Class A Common Stock | Stock Options (Right to Buy) | Disposition | 2025-06-02 | 2,000 | $0.00 | 2,000 | $42.03 |
| Class A Common Stock | Stock Options (Right to Buy) | Disposition | 2025-06-02 | 750 | $0.00 | 750 | $51.97 |
| Class A Common Stock | Class B Units | Disposition | 2025-06-03 | 25,481 | $4.88 | 20,000 | $4.88 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 17,208 | 2023-04-01 | 2032-02-21 | No | 4 | M | Direct |
| 238,513 | 2024-04-01 | 2033-02-22 | No | 4 | M | Direct |
| 68,703 | 2025-04-01 | 2034-01-24 | No | 4 | M | Direct |
| 26,096 | 2025-04-01 | 2034-02-13 | No | 4 | M | Direct |
| 18,326 | No | 4 | C | Direct |
Footnotes
- The reported option exercises, unit conversions 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 $325.00 to $325.75, 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.
- This transaction was executed in multiple trades at prices ranging from $326.40 to $327.10 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.
- Represents total number of shares of Class A Common Stock of the Issuer withheld for taxes upon vesting of restricted stock units pursuant to various awards.
- This transaction was executed in multiple trades at prices ranging from $317.12 to $318.06 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.
- This transaction was executed in multiple trades at prices ranging from $318.16 to $318.63 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.
- This transaction was executed in multiple trades at prices ranging from $319.41 to $320.20 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.
- This transaction was executed in multiple trades at prices ranging from $320.69 to $321.52 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.
- This transaction was executed in multiple trades at prices ranging from $321.85 to $322.84 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.
- This transaction was executed in multiple trades at prices ranging from $322.86 to $323.30 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.
- This transaction was executed in multiple trades at prices ranging from $323.94 to $324.85 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.
- This transaction was executed in multiple trades at prices ranging from $325.04 to $326.03 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.
- This transaction was executed in multiple trades at prices ranging from $326.11 to $326.80 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.
- This transaction was executed in multiple trades at prices ranging from $327.18 to $328.13 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.
- This transaction was executed in multiple trades at prices ranging from $328.20 to $329.18 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.
- This transaction was executed in multiple trades at prices ranging from $329.31 to $330.27 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.
- This transaction was executed in multiple trades at prices ranging from $330.37 to $331.33 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.
- This transaction was executed in multiple trades at prices ranging from $331.55 to $331.90 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 60,000 Class B Units on January 28, 2016 with a participation threshold of $4.878; 12,000 vested on March 1, 2016 and 1,000 vested on the first of each month thereafter. The Class B Units have no expiration date.
- 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.
- The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vested 25% on April 1, 2023 and monthly thereafter for the followingthree years, subject to the Reporting Person's continued service with the Issuer.
- The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vested 25% on April 1, 2024 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.
- The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vested 25% on April 1, 2025 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.
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