Form 4 for CVNA Carvana

Accepted 2023-08-22 00:00:00 ET · period of report 2023-08-18 · accession 0001209191-23-046946 · 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
D	2023-08-22	2023-08-18	CVNA	VERDE INVESTMENTS, INC.	10%	A - Grant	$37.05	+2.50M	41.44M	+6%	+$92.81M
D	2023-08-22	2023-08-18	CVNA	VERDE INVESTMENTS, INC.	10%	A - Grant	$37.05	+3.13M	51.80M	+6%	+$116.01M

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Class B Common Stock	2023-08-18	A	A	2,504,859	$37.05	41,442,317	D	—	—	(F1) On August 18, 2023, the Issuer entered into a Securities Purchase Agreement with Carvana Group, LLC ("Carvana Group"), the Reporting Person and Ernest C. Garcia, III, pursuant to which the Reporting Person agreed to purchase 3,131,074 Class A Units for a per unit purchase price of $37.048 and will receive, for no additional consideration, 2,504,859 shares of Class B Common Stock.
2	Derivative	Class A Units	2023-08-18	A	A	3,131,074	$37.05	51,802,896	D	— · — to —	2,504,859 Class A Common Stock	(F1) On August 18, 2023, the Issuer entered into a Securities Purchase Agreement with Carvana Group, LLC ("Carvana Group"), the Reporting Person and Ernest C. Garcia, III, pursuant to which the Reporting Person agreed to purchase 3,131,074 Class A Units for a per unit purchase price of $37.048 and will receive, for no additional consideration, 2,504,859 shares of Class B Common Stock. (F8) These Class A Units are exchangeable for 0.8 Class A Shares 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").