Form 4 for CVNA Carvana
Accepted 2021-07-13 00:00:00 ET · period of report 2021-07-09 · accession 0001690820-21-000212 · 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 | 2021-07-13 | 2021-07-09 | CVNA | BREAUX PAUL W. | See Remarks | S - Sale | $324.00 | -1,000 | 29.6K | -3% | -$324.0K |
| D | 2021-07-13 | 2021-07-12 | CVNA | BREAUX PAUL W. | See Remarks | C - Cnv Deriv | $0.00 | +1,000 | 30.6K | +3% | $0 |
| D | 2021-07-13 | 2021-07-12 | CVNA | BREAUX PAUL W. | See Remarks | C - Cnv Deriv | $4.88 | -1,275 | 78.7K | -2% | -$6,222 |
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 | 2021-07-09 | S | D | 1,000 | $324.00 | 29,642 | D | — | — | (F1) The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 5, 2020. The Reporting Person acquired the Class A Common Stock on July 9, 2021 by exchanging 1,275 Class B common units of Carvana Group, LLC ("Class B Units") for 1,000 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement"). |
| 2 | Common | Class A Common Stock | 2021-07-12 | C | A | 1,000 | $0.00 | 30,642 | D | — | — | (F2) The Exchange Agreement permits holders of Class B Units to exchange their Class B Units for a number of shares of the Issuer's Class A Common Stock equal to the Class A Common Stock Value less the Adjusted Participation Threshold (as each term is defined in the Exchange Agreement) multiplied by 0.8 times the number of Class B Units being exchanged, divided by the Class A Common Stock Value. (F1) The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 5, 2020. The Reporting Person acquired the Class A Common Stock on July 9, 2021 by exchanging 1,275 Class B common units of Carvana Group, LLC ("Class B Units") for 1,000 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement"). |
| 3 | Derivative | Class B Units | 2021-07-12 | C | D | 1,275 | $4.88 | 78,682 | D | $4.88 · — to — | 1,000 Class A Common Stock | (F2) The Exchange Agreement permits holders of Class B Units to exchange their Class B Units for a number of shares of the Issuer's Class A Common Stock equal to the Class A Common Stock Value less the Adjusted Participation Threshold (as each term is defined in the Exchange Agreement) multiplied by 0.8 times the number of Class B Units being exchanged, divided by the Class A Common Stock Value. (F3) The exchanged Class B Units have a participation threshold of $4.878. The Class B Units have no expiration date. (F1) The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 5, 2020. The Reporting Person acquired the Class A Common Stock on July 9, 2021 by exchanging 1,275 Class B common units of Carvana Group, LLC ("Class B Units") for 1,000 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement"). (F4) The Reporting Person was granted 250,000 Class B Units on December 30, 2015 with a participation threshold of $4.878; 50,000 of which vested on August 3, 2016 and 4,167 of which vest on the first of each month beginning September 1, 2016. The Reporting Person was also granted 12,500 Class B Units on January 29, 2016 with a participation threshold of $4.878; 2,500 of which vested on August 3, 2016 and 209 of which vest on the first of each month beginning September 1, 2016. |