Form 4 for CVNA Carvana
Accepted 2025-04-09 00:00:00 ET · period of report 2025-04-07 · accession 0001690820-25-000130 · 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 | 2025-04-09 | 2025-04-09 | CVNA | HUSTON BENJAMIN E. | COO | C - Cnv Deriv | $0.00 | +26.7K | 150.5K | +22% | $0 |
| DM | 2025-04-09 | 2025-04-07 | CVNA | HUSTON BENJAMIN E. | COO | S - Sale | $150.90 | -50.0K | 132.4K | -27% | -$7.54M |
| D | 2025-04-09 | 2025-04-09 | CVNA | HUSTON BENJAMIN E. | COO | C - Cnv Deriv | $0.00 | -33.4K | 58.1K | -37% | $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 | 2025-04-09 | C | A | 26,710 | $0.00 | 150,513 | D | — | — | (F6) 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. (F5) Mr. Huston was granted 1,000,000 Class B common units ("Class B Units") of Carvana Group, LLC ("Carvana Group") 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. |
| 2 | Common | Class A Common Stock | 2025-04-07 | S | D | 8,600 | $152.27 | 123,803 | D | — | — | (F4) This transaction was executed in multiple trades at prices ranging from $152.13 to $152.48, 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 | 2025-04-07 | S | D | 32,494 | $150.41 | 141,309 | D | — | — | (F2) This transaction was executed in multiple trades at prices ranging from $150.00 to $150.99, 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 | 2025-04-07 | S | D | 8,906 | $151.34 | 132,403 | D | — | — | (F3) This transaction was executed in multiple trades at prices ranging from $151.00 to $151.89, 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 | Derivative | Class B Units | 2025-04-09 | C | D | 33,388 | $0.00 | 58,061 | D | $0.00 · — to — | 26,710 Class A Common Stock | (F1) The reported unit conversions and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024 (the "10b5-1 Plan"). (F5) Mr. Huston was granted 1,000,000 Class B common units ("Class B Units") of Carvana Group, LLC ("Carvana Group") 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. |