Form 4 for CVNA Carvana
Accepted 2025-05-16 00:00:00 ET · period of report 2025-05-14 · accession 0001690820-25-000186 · 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 | 2025-05-16 | 2025-05-16 | CVNA | JENKINS MARK W. | CFO | C - Cnv Deriv | $0.00 | +20.0K | 213.5K | +10% | $0 |
| D | 2025-05-16 | 2025-05-14 | CVNA | JENKINS MARK W. | CFO | S - Sale | $300.00 | -20.0K | 193.5K | -9% | -$6.00M |
| DM | 2025-05-16 | 2025-05-16 | CVNA | JENKINS MARK W. | CFO | C - Cnv Deriv | $5.22 | -25.6K | 43.8K | -37% | -$133.4K |
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 | 2025-05-16 | C | A | 20,000 | $0.00 | 213,459 | D | — | — | (F3) 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. (F4) Mr. Jenkins was granted the 60,000 Class B Units on January 28, 2016 with a participation threshold of $4.878; 12,000 vested on March 1, 2016 and 1,000 vested on the first of each month thereafter. The Class B Units have no expiration date. (F2) 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. The Class B units have no expiration date. |
| 2 | Common | Class A Common Stock | 2025-05-14 | S | D | 20,000 | $300.00 | 193,459 | D | — | — | |
| 3 | Derivative | Class B Units | 2025-05-16 | C | D | 9,363 | $5.81 | 0 | D | $5.81 · — to — | 7,309 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 August 5, 2024. (F2) 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. The Class B units have no expiration date. |
| 4 | Derivative | Class B Units | 2025-05-16 | C | D | 16,193 | $4.88 | 43,807 | D | $4.88 · — to — | 12,691 Class A Common Stock | (F4) Mr. Jenkins was granted the 60,000 Class B Units on January 28, 2016 with a participation threshold of $4.878; 12,000 vested on March 1, 2016 and 1,000 vested on the first of each month thereafter. The Class B Units have no expiration date. |