Form 4 for CVNA Carvana
Accepted 2024-11-06 00:00:00 ET · period of report 2024-11-04 · accession 0001690820-24-000368 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-11-06 | 2024-11-04+ | CVNA | JENKINS MARK W. | CFO | S - Sale+OE | $227.04 | -268.5K | 287.4K | -48% | -$60.96M |
| DM | 2024-11-06 | 2024-11-06 | CVNA | JENKINS MARK W. | CFO | C - Cnv Deriv | $0.00 | +160.0K | 190.7K | +521% | $0 |
| DM | 2024-11-06 | 2024-11-04 | CVNA | JENKINS MARK W. | CFO | M - OptEx | $28.56 | +108.5K | 299.2K | +57% | +$3.10M |
| DM | 2024-11-06 | 2024-11-06 | CVNA | JENKINS MARK W. | CFO | C - Cnv Deriv | $11.61 | -213.4K | 86.6K | -71% | -$2.48M |
| DM | 2024-11-06 | 2024-11-04 | CVNA | JENKINS MARK W. | CFO | M - OptEx | $0.00 | -108.5K | 0 | -100% | $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 | 2024-11-04 | S | D | 39,835 | $223.53 | 219,347 | D | — | — | (F5) This transaction was executed in multiple trades at prices ranging from $223.00 to $223.99, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. |
| 2 | Common | Class A Common Stock | 2024-11-04 | S | D | 28,209 | $222.59 | 259,182 | D | — | — | (F4) This transaction was executed in multiple trades at prices ranging from $222.00 to $222.99, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. |
| 3 | Common | Class A Common Stock | 2024-11-04 | S | D | 43,386 | $224.38 | 175,961 | D | — | — | (F6) This transaction was executed in multiple trades at prices ranging from $224.00 to $224.99, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. |
| 4 | Common | Class A Common Stock | 2024-11-04 | S | D | 47,524 | $225.52 | 128,437 | D | — | — | (F7) This transaction was executed in multiple trades at prices ranging from $225.00 to $225.99, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. |
| 5 | Common | Class A Common Stock | 2024-11-04 | S | D | 29,403 | $226.40 | 99,034 | D | — | — | (F8) This transaction was executed in multiple trades at prices ranging from $226.00 to $226.99, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. |
| 6 | Common | Class A Common Stock | 2024-11-04 | S | D | 5,200 | $227.54 | 93,834 | D | — | — | (F9) This transaction was executed in multiple trades at prices ranging from $227.00 to $227.92, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. |
| 7 | Common | Class A Common Stock | 2024-11-04 | S | D | 3,102 | $228.26 | 90,732 | D | — | — | (F10) This transaction was executed in multiple trades at prices ranging from $228.00 to $228.88, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. |
| 8 | Common | Class A Common Stock | 2024-11-05 | S | D | 6,496 | $230.34 | 84,236 | D | — | — | (F11) This transaction was executed in multiple trades at prices ranging from $230.00 to $230.69, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. |
| 9 | Common | Class A Common Stock | 2024-11-05 | S | D | 7,008 | $231.51 | 77,228 | D | — | — | (F12) This transaction was executed in multiple trades at prices ranging from $231.12 to $232.11, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. |
| 10 | Common | Class A Common Stock | 2024-11-05 | S | D | 6,496 | $232.49 | 70,732 | D | — | — | (F13) This transaction was executed in multiple trades at prices ranging from $232.22 to $233.00, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. |
| 11 | Common | Class A Common Stock | 2024-11-05 | S | D | 20,000 | $235.09 | 50,732 | D | — | — | (F14) This transaction was executed in multiple trades at prices ranging from $235.00 to $235.40, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. |
| 12 | Common | Class A Common Stock | 2024-11-06 | C | A | 100,000 | $0.00 | 150,732 | D | — | — | (F15) Mr. Jenkins was granted the 200,000 Class B Units on April 27, 2017 with a participation threshold of $12.00; 40,000 of which vested on February 1, 2018 and 3,333 of which vested on the first of each month thereafter. (F16) 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. |
| 13 | Common | Class A Common Stock | 2024-11-06 | C | A | 40,000 | $0.00 | 190,732 | D | — | — | (F15) Mr. Jenkins was granted the 200,000 Class B Units on April 27, 2017 with a participation threshold of $12.00; 40,000 of which vested on February 1, 2018 and 3,333 of which vested on the first of each month thereafter. (F16) 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. |
| 14 | Common | Class A Common Stock | 2024-11-06 | S | D | 8,796 | $240.91 | 181,936 | D | — | — | (F17) This transaction was executed in multiple trades at prices ranging from $240.25 to $241.24, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. |
| 15 | Common | Class A Common Stock | 2024-11-06 | S | D | 2,957 | $241.57 | 178,979 | D | — | — | (F18) This transaction was executed in multiple trades at prices ranging from $241.25 to $241.68, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. |
| 16 | Common | Class A Common Stock | 2024-11-06 | S | D | 8,247 | $242.79 | 170,732 | D | — | — | (F19) This transaction was executed in multiple trades at prices ranging from $242.56 to $243.40, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. |
| 17 | Common | Class A Common Stock | 2024-11-06 | C | A | 20,000 | $0.00 | 190,732 | D | — | — | (F15) Mr. Jenkins was granted the 200,000 Class B Units on April 27, 2017 with a participation threshold of $12.00; 40,000 of which vested on February 1, 2018 and 3,333 of which vested on the first of each month thereafter. (F20) Mr. Jenkins was granted the 100,000 Class B Units on October 21, 2016 with a participation threshold of $5.81; 20,000 vested on January 1, 2017 and 1,667 vested on the first of each month thereafter. (F16) 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. |
| 18 | Common | Class A Common Stock | 2024-11-04 | M | A | 40,000 | $10.07 | 230,732 | D | — | — | |
| 19 | Common | Class A Common Stock | 2024-11-04 | M | A | 14,989 | $44.21 | 245,721 | D | — | — | |
| 20 | Common | Class A Common Stock | 2024-11-04 | M | A | 53,506 | $38.00 | 299,227 | D | — | — | |
| 21 | Common | Class A Common Stock | 2024-11-04 | S | D | 9,900 | $220.30 | 289,327 | D | — | — | (F2) This transaction was executed in multiple trades at prices ranging from $219.91 to $220.57, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. |
| 22 | Common | Class A Common Stock | 2024-11-04 | S | D | 1,936 | $221.28 | 287,391 | D | — | — | (F3) This transaction was executed in multiple trades at prices ranging from $221.00 to $221.99, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. |
| 23 | Derivative | Class B Units | 2024-11-06 | C | D | 12,858 | $12.00 | 0 | D | $12.00 · — to — | 9,619 Class A Common Stock | (F15) Mr. Jenkins was granted the 200,000 Class B Units on April 27, 2017 with a participation threshold of $12.00; 40,000 of which vested on February 1, 2018 and 3,333 of which vested on the first of each month thereafter. (F1) The reported option exercises, unit conversions, and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 5, 2024. |
| 24 | Derivative | Class B Units | 2024-11-06 | C | D | 53,470 | $12.00 | 12,858 | D | $12.00 · — to — | 40,000 Class A Common Stock | (F15) Mr. Jenkins was granted the 200,000 Class B Units on April 27, 2017 with a participation threshold of $12.00; 40,000 of which vested on February 1, 2018 and 3,333 of which vested on the first of each month thereafter. (F1) The reported option exercises, unit conversions, and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 5, 2024. |
| 25 | Derivative | Class B Units | 2024-11-06 | C | D | 133,672 | $12.00 | 66,328 | D | $12.00 · — to — | 100,000 Class A Common Stock | (F15) Mr. Jenkins was granted the 200,000 Class B Units on April 27, 2017 with a participation threshold of $12.00; 40,000 of which vested on February 1, 2018 and 3,333 of which vested on the first of each month thereafter. (F1) The reported option exercises, unit conversions, and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 5, 2024. |
| 26 | Derivative | Stock Options (Right to Buy) | 2024-11-04 | M | D | 53,506 | $0.00 | 0 | D | $38.00 · 2020-04-01 to 2029-02-25 | 53,506 Class A Common Stock | (F23) The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vest 25% on April 1, 2020 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer. |
| 27 | Derivative | Stock Options (Right to Buy) | 2024-11-04 | M | D | 40,000 | $0.00 | 308,513 | D | $10.07 · 2024-04-01 to 2033-02-22 | 40,000 Class A Common Stock | (F21) The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vested 25% on April 1, 2024 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer. |
| 28 | Derivative | Class B Units | 2024-11-06 | C | D | 13,398 | $5.81 | 86,602 | D | $5.81 · — to — | 10,381 Class A Common Stock | (F1) The reported option exercises, unit conversions, and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 5, 2024. (F20) Mr. Jenkins was granted the 100,000 Class B Units on October 21, 2016 with a participation threshold of $5.81; 20,000 vested on January 1, 2017 and 1,667 vested on the first of each month thereafter. |
| 29 | Derivative | Stock Options (Right to Buy) | 2024-11-04 | M | D | 14,989 | $0.00 | 0 | D | $44.21 · 2019-04-01 to 2028-07-28 | 14,989 Class A Common Stock | (F22) The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vested 25% on April 1, 2019 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer. |