Thomas Taira - Mar 25, 2025 Form 4 Insider Report for CARVANA CO. (CVNA)

Role
President, Special Projects
Signature
/s/ Paul Breaux, by Power of Attorney for Thomas Taira
Stock symbol
CVNA
Transactions as of
Mar 25, 2025
Transactions value $
-$5,131,830
Form type
4
Date filed
3/26/2025, 07:34 PM
Previous filing
Mar 4, 2025
Next filing
Apr 2, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Options Exercise $786K +14.9K +8.08% $52.66 200K Mar 25, 2025 Direct F1
transaction CVNA Class A Common Stock Options Exercise $291K +7.67K +3.84% $38.00 207K Mar 25, 2025 Direct F1
transaction CVNA Class A Common Stock Sale -$3.36M -14.9K -7.2% $225.03 192K Mar 25, 2025 Direct F1, F2
transaction CVNA Class A Common Stock Sale -$1.73M -7.67K -3.99% $225.04 185K Mar 25, 2025 Direct F1, F3
transaction CVNA Class A Common Stock Sale -$1.13M -5K -2.71% $225.00 180K Mar 25, 2025 Direct F1

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 -14.9K -100% $0.00 0 Mar 25, 2025 Class A Common Stock 14.9K $52.66 Direct F1, F4
transaction CVNA Stock Options (Right to Buy) Options Exercise $0 -7.67K -100% $0.00 0 Mar 25, 2025 Class A Common Stock 7.67K $38.00 Direct F1, F5
* 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 option exercises and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 3, 2024.
F2 This transaction was executed in multiple trades at prices ranging from $225.00 to $225.15, 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.
F3 This transaction was executed in multiple trades at prices ranging from $225.00 to $225.12, 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 The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vested 25% on October 1, 2019 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.
F5 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, 2020 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.