| Name | Relationship | Address | Signature | Signature date | CIK |
|---|---|---|---|---|---|
| GARCIA ERNEST C. III | Chief Executive Officer, Director, 10%+ Owner | C/O CARVANA CO., 300 E. RIO SALADO PARKWAY, TEMPE | /s/ Paul Breaux, by Power of Attorney for Ernest C. Garcia, III | 2025-05-20 | 0001700548 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CVNA | Class A Common Stock | Sale | -$1.5M | -5K | -0.6% | $300.10 | 835K | May 16, 2025 | Ernest Irrevocable 2004 Trust III | F1, F2, F3 |
| transaction | CVNA | Class A Common Stock | Sale | -$1.5M | -5K | -0.53% | $300.21 | 935K | May 16, 2025 | Ernest C. Garcia III Multi-Generational Trust III | F1, F4, F5 |
| transaction | CVNA | Class A Common Stock | Sale | -$1.5M | -5K | -0.6% | $300.18 | 830K | May 19, 2025 | Ernest Irrevocable 2004 Trust III | F1, F3, F6 |
| transaction | CVNA | Class A Common Stock | Sale | -$1.41M | -4.7K | -0.5% | $301.02 | 930K | May 19, 2025 | Ernest C. Garcia III Multi-Generational Trust III | F1, F5, F7 |
| transaction | CVNA | Class A Common Stock | Sale | -$90.5K | -300 | -0.03% | $301.55 | 930K | May 19, 2025 | Ernest C. Garcia III Multi-Generational Trust III | F1, F5, F8 |
| transaction | CVNA | Class A Common Stock | Sale | -$1.36M | -4.52K | -0.54% | $301.09 | 825K | May 20, 2025 | Ernest Irrevocable 2004 Trust III | F1, F3, F9 |
| transaction | CVNA | Class A Common Stock | Sale | -$145K | -481 | -0.06% | $301.54 | 825K | May 20, 2025 | Ernest Irrevocable 2004 Trust III | F1, F3 |
| transaction | CVNA | Class A Common Stock | Sale | -$1.51M | -5K | -0.54% | $301.86 | 925K | May 20, 2025 | Ernest C. Garcia III Multi-Generational Trust III | F1, F5, F10 |
| holding | CVNA | Class A Common Stock | 927K | May 16, 2025 | Direct |
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).
| Id | Content |
|---|---|
| F1 | The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. |
| F2 | This transaction was executed in multiple trades at prices ranging from $300.00 to $300.15, 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 | These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust. |
| F4 | This transaction was executed in multiple trades at prices ranging from $300.15 to $300.39, 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 | These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust. |
| F6 | This transaction was executed in multiple trades at prices ranging from $300.00 to $300.51, 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 $300.51 to $301.51, 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 $301.52 to $301.62, 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 $300.53 to $301.31, 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. |
| F10 | This transaction was executed in multiple trades at prices ranging from $301.54 to $302.32, 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. |