Form 4 for CVNA Carvana
Accepted 2024-07-18 00:00:00 ET · period of report 2024-07-16 · accession 0001690820-24-000256 · 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 | 2024-07-18 | 2024-07-18 | CVNA | BREAUX PAUL W. | See Remarks | C - Cnv Deriv | $0.00 | +15.0K | 129.1K | +13% | $0 |
| D | 2024-07-18 | 2024-07-16 | CVNA | BREAUX PAUL W. | See Remarks | S - Sale | $145.00 | -15.0K | 114.1K | -12% | -$2.17M |
| DM | 2024-07-18 | 2024-07-18 | CVNA | BREAUX PAUL W. | See Remarks | C - Cnv Deriv | $5.39 | -19.7K | 0 | -100% | -$106.1K |
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 | 2024-07-18 | C | A | 15,000 | $0.00 | 129,124 | D | — | — | (F2) 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 vested on the first of each month thereafter. 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 vested on the first of each month thereafter. The Class B Units have no expiration date. (F3) The Reporting Person was granted 25,000 Class B Units on September 23, 2016 with a participation threshold of $5.8114; 5,000 of which vested on August 9, 2017 and 416 of which vested on the first of each month thereafter. The Class B Units have no expiration date. (F4) Pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement"), holders of Class B Units may 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. |
| 2 | Common | Class A Common Stock | 2024-07-16 | S | D | 15,000 | $145.00 | 114,124 | D | — | — | |
| 3 | Derivative | Class B Units | 2024-07-18 | C | D | 10,781 | $5.81 | 14,219 | D | $5.81 · — to — | 8,186 Class A Common Stock | (F3) The Reporting Person was granted 25,000 Class B Units on September 23, 2016 with a participation threshold of $5.8114; 5,000 of which vested on August 9, 2017 and 416 of which vested on the first of each month thereafter. The Class B Units have no expiration date. (F1) The reported conversions and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 9, 2023 (the "10b5-1 Plan"). |
| 4 | Derivative | Class B Units | 2024-07-18 | C | D | 8,897 | $4.88 | 0 | D | $4.88 · — to — | 6,814 Class A Common Stock | (F2) 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 vested on the first of each month thereafter. 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 vested on the first of each month thereafter. The Class B Units have no expiration date. (F1) The reported conversions and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 9, 2023 (the "10b5-1 Plan"). |