Form 4 for CVNA Carvana
Accepted 2021-09-17 00:00:00 ET · period of report 2021-09-16 · accession 0001690820-21-000267 · 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 | 2021-09-17 | 2021-09-17 | CVNA | HUSTON BENJAMIN E. | COO | C - Cnv Deriv | $0.00 | +5,000 | 35.1K | +17% | $0 |
| D | 2021-09-17 | 2021-09-16 | CVNA | HUSTON BENJAMIN E. | COO | S - Sale | $342.09 | -5,000 | 30.1K | -14% | -$1.71M |
| D | 2021-09-17 | 2021-09-17 | CVNA | HUSTON BENJAMIN E. | COO | C - Cnv Deriv | $0.00 | -6,250 | 193.7K | -3% | $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 | 2021-09-17 | C | A | 5,000 | $0.00 | 35,129 | 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 theAdjusted 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 March 16, 2021 (the "10b5-1 Plan"). The Reporting Person acquired the Class A Common Stock on September 16, 2021 by exchanging 6,250 Class B common units of Carvana Group, LLC ("Class B Units") for 5,000 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 | 2021-09-16 | S | D | 5,000 | $342.09 | 30,129 | D | — | — | |
| 3 | Derivative | Class B Units | 2021-09-17 | C | D | 6,250 | $0.00 | 193,747 | D | $0.00 · — to — | 5,000 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 theAdjusted 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 March 16, 2021 (the "10b5-1 Plan"). The Reporting Person acquired the Class A Common Stock on September 16, 2021 by exchanging 6,250 Class B common units of Carvana Group, LLC ("Class B Units") for 5,000 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"). (F3) The exchanged Class B Units have a participation threshold of $0.00. The Class B Units have no expiration date. (F4) The Reporting Person was granted 1,000,000 Class B Units on March 24, 2015 with a participation threshold of $0.00; 250,000 vested on the grant date and 16,667 vest on the first of each month thereafter. |