Mark W. Jenkins - Jan 1, 2025 Form 4 Insider Report for CARVANA CO. (CVNA)

Signature
/s/ Paul Breaux, by Power of Attorney for Mark W. Jenkins
Stock symbol
CVNA
Transactions as of
Jan 1, 2025
Transactions value $
-$2,041,834
Form type
4
Date filed
1/3/2025, 05:33 PM
Previous filing
Dec 3, 2024
Next filing
Jan 22, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Tax liability -$135K -664 -0.35% $203.36 189K Jan 1, 2025 Direct F1
transaction CVNA Class A Common Stock Options Exercise $101K +10K +5.29% $10.07 199K Jan 2, 2025 Direct F2
transaction CVNA Class A Common Stock Sale -$19K -100 -0.05% $189.86 199K Jan 2, 2025 Direct F2
transaction CVNA Class A Common Stock Sale -$137K -700 -0.35% $195.39 198K Jan 2, 2025 Direct F2, F3
transaction CVNA Class A Common Stock Sale -$303K -1.54K -0.78% $197.14 197K Jan 2, 2025 Direct F2, F4
transaction CVNA Class A Common Stock Sale -$248K -1.25K -0.64% $198.09 196K Jan 2, 2025 Direct F2, F5
transaction CVNA Class A Common Stock Sale -$609K -3.06K -1.56% $199.27 192K Jan 2, 2025 Direct F2, F6
transaction CVNA Class A Common Stock Sale -$80.1K -400 -0.21% $200.25 192K Jan 2, 2025 Direct F2, F7
transaction CVNA Class A Common Stock Sale -$60.4K -300 -0.16% $201.29 192K Jan 2, 2025 Direct F2, F8
transaction CVNA Class A Common Stock Sale -$61.3K -300 -0.16% $204.23 191K Jan 2, 2025 Direct F2, F9
transaction CVNA Class A Common Stock Sale -$41.2K -200 -0.1% $205.92 191K Jan 2, 2025 Direct F2, F10
transaction CVNA Class A Common Stock Sale -$186K -900 -0.47% $207.11 190K Jan 2, 2025 Direct F2, F11
transaction CVNA Class A Common Stock Sale -$83.2K -400 -0.21% $207.96 190K Jan 2, 2025 Direct F2, F12
transaction CVNA Class A Common Stock Sale -$105K -500 -0.26% $209.10 189K Jan 2, 2025 Direct F2, F13
transaction CVNA Class A Common Stock Sale -$53.1K -253 -0.13% $210.00 189K Jan 2, 2025 Direct F2, F14
transaction CVNA Class A Common Stock Sale -$21.2K -100 -0.05% $211.62 189K Jan 2, 2025 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CVNA Stock Options (Right to Buy) Options Exercise $0 -10K -3.35% $0.00 289K Jan 2, 2025 Class A Common Stock 10K $10.07 Direct F2, F15
* 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 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.
F2 The reported option exercises and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 5, 2024.
F3 This transaction was executed in multiple trades at prices ranging from $195.01 to $195.90, 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.
F4 This transaction was executed in multiple trades at prices ranging from $196.64 to $197.61, 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 $197.68 to $198.66, 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 $198.68 to $199.66, 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 $199.68 to $200.61, 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 $200.94 to $201.50, 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 This transaction was executed in multiple trades at prices ranging from $204.05 to $204.58, 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.
F10 This transaction was executed in multiple trades at prices ranging from $205.43 to $206.40, 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 $206.57 to $207.54, 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 $207.57 to $208.15 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.
F13 This transaction was executed in multiple trades at prices ranging from $208.82 to $209.44, 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.
F14 This transaction was executed in multiple trades at prices ranging from $209.90 to $210.09 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.
F15 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.