Form 4 for CVNA Carvana

Accepted 2023-08-21 00:00:00 ET · period of report 2023-08-18 · accession 0001690820-23-000269 · 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	2023-08-21	2023-08-18	CVNA	GARCIA ERNEST C. III	CEO, Dir, 10%	A - Grant	$37.05	+215.9K	3.88M	+6%	+$8.00M
D	2023-08-21	2023-08-18	CVNA	GARCIA ERNEST C. III	CEO, Dir, 10%	A - Grant	$37.05	+269.9K	4.85M	+6%	+$10.00M

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	215,936	$37.05	3,880,462	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, II, pursuant to which the Reporting Person agreed to purchase 269,920 Class A Units for a per unit purchase price of $37.048 and will receive, for no additional consideration, 215,936 shares of Class B Common Stock.
2	Derivative	Class A Units	2023-08-18	A	A	269,920	$37.05	4,850,578	D	— · — to —	215,936 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, II, pursuant to which the Reporting Person agreed to purchase 269,920 Class A Units for a per unit purchase price of $37.048 and will receive, for no additional consideration, 215,936 shares of Class B Common Stock. (F4) 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, each Class A Unit, together with a number of shares of Class B Common Stock of the Issuer equivalent to the shares of Class A Common Stock obtained, is exchangeable for 0.8 shares of Class A Common Stock of the Issuer.