Stephen R. Palmer - May 1, 2024 Form 4 Insider Report for CARVANA CO. (CVNA)

Signature
/s/ Paul Breaux, by Power of Attorney for Stephen R. Palmer
Stock symbol
CVNA
Transactions as of
May 1, 2024
Transactions value $
-$484,320
Form type
4
Date filed
5/3/2024, 08:38 PM
Previous filing
Apr 3, 2024
Next filing
Jun 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Sale -$99.5K -1.2K -1.94% $82.94 60.7K May 1, 2024 Direct F1, F2
transaction CVNA Class A Common Stock Sale -$75.5K -900 -1.48% $83.93 59.8K May 1, 2024 Direct F1, F3
transaction CVNA Class A Common Stock Sale -$25.5K -300 -0.5% $84.85 59.5K May 1, 2024 Direct F1, F4
transaction CVNA Class A Common Stock Sale -$86.6K -1K -1.68% $86.60 58.5K May 1, 2024 Direct F1, F5
transaction CVNA Class A Common Stock Sale -$43.6K -500 -0.86% $87.13 58K May 1, 2024 Direct F1, F6
transaction CVNA Class A Common Stock Sale -$70.9K -800 -1.38% $88.58 57.2K May 1, 2024 Direct F1, F7
transaction CVNA Class A Common Stock Sale -$27K -300 -0.52% $90.06 56.9K May 1, 2024 Direct F1, F8
transaction CVNA Class A Common Stock Sale -$11K -96 -0.17% $114.73 56.8K May 2, 2024 Direct F9, F10
transaction CVNA Class A Common Stock Sale -$25.1K -216 -0.38% $115.99 56.6K May 2, 2024 Direct F9, F11
transaction CVNA Class A Common Stock Sale -$11.2K -96 -0.17% $116.64 56.5K May 2, 2024 Direct F9, F12
transaction CVNA Class A Common Stock Sale -$8.49K -72 -0.13% $117.89 56.4K May 2, 2024 Direct F9, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 8, 2023.
F2 This transaction was executed in multiple trades at prices ranging from $ 82.33 to $83.31, 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.
F3 This transaction was executed in multiple trades at prices ranging from $ 83.37 to $84.35, 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.
F4 This transaction was executed in multiple trades at prices ranging from $ 84.58 to $85.37, 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.
F5 This transaction was executed in multiple trades at prices ranging from $ 86.00 to $86.96, 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.
F6 This transaction was executed in multiple trades at prices ranging from $ 87.00 to $87.23, 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.
F7 This transaction was executed in multiple trades at prices ranging from $ 88.17 to $89.04, 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.
F8 This transaction was executed in multiple trades at prices ranging from $ 89.74 to $90.53, 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.
F9 Represents shares of Class A common stock sold to pay required taxes upon vesting of restricted stock units.
F10 This transaction was executed in multiple trades at prices ranging from $ 114.30 to $115.20, 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.
F11 This transaction was executed in multiple trades at prices ranging from $115.49 to $116.46, 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.
F12 This transaction was executed in multiple trades at prices ranging from $116.50 to $116.77, 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.
F13 This transaction was executed in multiple trades at prices ranging from $117.74 to $118.15, 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.