Form 4 for CVNA Carvana
Accepted 2021-08-12 00:00:00 ET · period of report 2021-08-10 · accession 0001209191-21-051281 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2021-08-12 | 2021-08-10 | CVNA | VERDE INVESTMENTS, INC. | 10% | C - Cnv Deriv | $0.00 | +7,221 | 1,200 | New | $0 |
| DM | 2021-08-12 | 2021-08-10 | CVNA | VERDE INVESTMENTS, INC. | 10% | S - Sale | $374.98 | -7,221 | 0 | -100% | -$2.71M |
| D | 2021-08-12 | 2021-08-10 | CVNA | VERDE INVESTMENTS, INC. | 10% | J - Other | $0.00 | -7,221 | 39.46M | -0.0% | $0 |
| D | 2021-08-12 | 2021-08-10 | CVNA | VERDE INVESTMENTS, INC. | 10% | C - Cnv Deriv | $0.00 | -9,026 | 49.32M | -0.0% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2021-08-10 | C | A | 521 | $0.00 | 521 | D | — | — | (F1) Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement"). |
| 2 | Common | Class A Common Stock | 2021-08-10 | S | D | 521 | $373.53 | 0 | D | — | — | (F3) Column 4 reflects a weighted average price. Shares sold in multiple transactions at prices ranging from $373.13-$373.94 (weighted average $373.5266); $374.35-$375.31 (weighted average $374.8706); $375.475-$376.45 (weighted average $375.8596); and $376.49-$376.55 (weighted average $376.52), respectively. Reporting person undertakes to provide issuer, securityholder of issuer or SEC staff, upon request, information regarding number of shares sold at each separate price within ranges set forth herein. |
| 3 | Common | Class A Common Stock | 2021-08-10 | C | A | 5,300 | $0.00 | 5,300 | D | — | — | (F1) Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement"). |
| 4 | Common | Class A Common Stock | 2021-08-10 | S | D | 5,300 | $374.87 | 0 | D | — | — | (F3) Column 4 reflects a weighted average price. Shares sold in multiple transactions at prices ranging from $373.13-$373.94 (weighted average $373.5266); $374.35-$375.31 (weighted average $374.8706); $375.475-$376.45 (weighted average $375.8596); and $376.49-$376.55 (weighted average $376.52), respectively. Reporting person undertakes to provide issuer, securityholder of issuer or SEC staff, upon request, information regarding number of shares sold at each separate price within ranges set forth herein. |
| 5 | Common | Class B Common Stock | 2021-08-10 | J | D | 7,221 | $0.00 | 39,458,225 | D | — | — | (F6) Reflects the cancellation for no consideration of Class B Common Stock of the Issuer ("Class B Shares") in connection with the conversion of Class A Units into Class A Shares. Following the reported transaction, the remaining Class B Shares are owned directly by Ernest C. Garcia II. |
| 6 | Common | Class A Common Stock | 2021-08-10 | S | D | 1,200 | $375.86 | 0 | D | — | — | (F3) Column 4 reflects a weighted average price. Shares sold in multiple transactions at prices ranging from $373.13-$373.94 (weighted average $373.5266); $374.35-$375.31 (weighted average $374.8706); $375.475-$376.45 (weighted average $375.8596); and $376.49-$376.55 (weighted average $376.52), respectively. Reporting person undertakes to provide issuer, securityholder of issuer or SEC staff, upon request, information regarding number of shares sold at each separate price within ranges set forth herein. |
| 7 | Common | Class A Common Stock | 2021-08-10 | C | A | 200 | $0.00 | 200 | D | — | — | (F1) Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement"). |
| 8 | Common | Class A Common Stock | 2021-08-10 | S | D | 200 | $376.52 | 0 | D | — | — | (F3) Column 4 reflects a weighted average price. Shares sold in multiple transactions at prices ranging from $373.13-$373.94 (weighted average $373.5266); $374.35-$375.31 (weighted average $374.8706); $375.475-$376.45 (weighted average $375.8596); and $376.49-$376.55 (weighted average $376.52), respectively. Reporting person undertakes to provide issuer, securityholder of issuer or SEC staff, upon request, information regarding number of shares sold at each separate price within ranges set forth herein. |
| 9 | Common | Class A Common Stock | 2021-08-10 | C | A | 1,200 | $0.00 | 1,200 | D | — | — | (F1) Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement"). |
| 10 | Derivative | Class A Units | 2021-08-10 | C | D | 9,026 | $0.00 | 49,322,781 | D | — · — to — | 7,221 Class A Common Stock | (F1) Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement"). |