4//SEC Filing
GARCIA ERNEST C. II 4
Accession 0000950170-25-109122
CIK 0001690820other
Filed
Aug 13, 8:00 PM ET
Accepted
Aug 14, 6:45 PM ET
Size
41.0 KB
Accession
0000950170-25-109122
Insider Transaction Report
Form 4
CARVANA CO.CVNA
ECG II SPE, LLC
10% Owner
Transactions
- Sale
Class A Common Stock
2025-08-12$339.88/sh−6,918$2,351,293→ 65,525 total - Sale
Class A Common Stock
2025-08-12$341.91/sh−5,680$1,942,044→ 50,198 total - Sale
Class A Common Stock
2025-08-12$343.12/sh−6,588$2,260,461→ 43,610 total - Conversion
Class A Common Stock
2025-08-12+82,888→ 82,888 total - Sale
Class A Common Stock
2025-08-12$335.40/sh−100$33,540→ 82,788 total - Sale
Class A Common Stock
2025-08-12$337.12/sh−1,594$537,367→ 81,194 total - Sale
Class A Common Stock
2025-08-12$337.96/sh−3,010$1,017,273→ 78,184 total - Sale
Class A Common Stock
2025-08-12$338.90/sh−5,741$1,945,604→ 72,443 total - Sale
Class A Common Stock
2025-08-12$340.86/sh−9,647$3,288,236→ 55,878 total - Sale
Class A Common Stock
2025-08-12$349.39/sh−500$174,695→ 37,140 total - Sale
Class A Common Stock
2025-08-12$351.56/sh−6,533$2,296,749→ 24,188 total - Sale
Class A Common Stock
2025-08-12$353.59/sh−16,686$5,900,054→ 1,152 total - Other
Class B Common Stock
2025-08-12−82,888→ 34,537,404 total - Conversion
Class A Units
2025-08-12−103,610→ 43,171,754 total→ Class A Common Stock (82,888 underlying) - Sale
Class A Common Stock
2025-08-12$343.77/sh−3,419$1,175,361→ 40,191 total - Sale
Class A Common Stock
2025-08-12$344.88/sh−1,710$589,749→ 38,481 total - Sale
Class A Common Stock
2025-08-12$345.71/sh−293$101,293→ 38,188 total - Sale
Class A Common Stock
2025-08-12$348.61/sh−548$191,040→ 37,640 total - Sale
Class A Common Stock
2025-08-12$350.43/sh−6,419$2,249,428→ 30,721 total - Sale
Class A Common Stock
2025-08-12$352.51/sh−6,350$2,238,444→ 17,838 total - Sale
Class A Common Stock
2025-08-12$354.17/sh−1,152$408,009→ 0 total
Holdings
- 8,000,000(indirect: By LLC)
Class B Common Stock
- 10,000,000(indirect: By LLC)
Class A Units
→ Class A Common Stock (8,000,000 underlying)
GARCIA ERNEST C. II
10% Owner
Transactions
- Conversion
Class A Common Stock
2025-08-12+82,888→ 82,888 total - Sale
Class A Common Stock
2025-08-12$337.96/sh−3,010$1,017,273→ 78,184 total - Sale
Class A Common Stock
2025-08-12$341.91/sh−5,680$1,942,044→ 50,198 total - Sale
Class A Common Stock
2025-08-12$343.77/sh−3,419$1,175,361→ 40,191 total - Sale
Class A Common Stock
2025-08-12$352.51/sh−6,350$2,238,444→ 17,838 total - Sale
Class A Common Stock
2025-08-12$353.59/sh−16,686$5,900,054→ 1,152 total - Sale
Class A Common Stock
2025-08-12$354.17/sh−1,152$408,009→ 0 total - Sale
Class A Common Stock
2025-08-12$350.43/sh−6,419$2,249,428→ 30,721 total - Sale
Class A Common Stock
2025-08-12$337.12/sh−1,594$537,367→ 81,194 total - Sale
Class A Common Stock
2025-08-12$338.90/sh−5,741$1,945,604→ 72,443 total - Conversion
Class A Units
2025-08-12−103,610→ 43,171,754 total→ Class A Common Stock (82,888 underlying) - Sale
Class A Common Stock
2025-08-12$339.88/sh−6,918$2,351,293→ 65,525 total - Sale
Class A Common Stock
2025-08-12$340.86/sh−9,647$3,288,236→ 55,878 total - Sale
Class A Common Stock
2025-08-12$343.12/sh−6,588$2,260,461→ 43,610 total - Sale
Class A Common Stock
2025-08-12$348.61/sh−548$191,040→ 37,640 total - Sale
Class A Common Stock
2025-08-12$351.56/sh−6,533$2,296,749→ 24,188 total - Other
Class B Common Stock
2025-08-12−82,888→ 34,537,404 total - Sale
Class A Common Stock
2025-08-12$335.40/sh−100$33,540→ 82,788 total - Sale
Class A Common Stock
2025-08-12$344.88/sh−1,710$589,749→ 38,481 total - Sale
Class A Common Stock
2025-08-12$345.71/sh−293$101,293→ 38,188 total - Sale
Class A Common Stock
2025-08-12$349.39/sh−500$174,695→ 37,140 total
Holdings
- 10,000,000(indirect: By LLC)
Class A Units
→ Class A Common Stock (8,000,000 underlying) - 8,000,000(indirect: By LLC)
Class B Common Stock
Footnotes (7)
- [F1]Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer 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 (the "Exchange Agreement").
- [F2]The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on December 13, 2024.
- [F3]The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $335.40-$335.43, inclusive (weighted average of $335.4003); $336.40-$337.36, inclusive (weighted average of $337.1186); $337.40-$338.38, inclusive (weighted average of $337.9644); $338.40-$339.39, inclusive (weighted average of $338.8964); $339.40-$340.39, inclusive (weighted average of $339.8805); $340.40-$341.33, inclusive (weighted average of $340.8558); $341.41-$342.38, inclusive (weighted average of $341.9091); and $342.41-$343.40, inclusive (weighted average of $343.1179), respectively. The reporting person undertakes to provide to the issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
- [F4]The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $343.41-$344.40, inclusive (weighted average of $343.7732); $344.43-$345.38, inclusive (weighted average of $344.8823); $348.00-$348.91, inclusive (weighted average of $348.613); $349.02-$349.50, inclusive (weighted average of $349.3897); $350.02-$351.00, inclusive (weighted average of $350.4327); $351.02-$351.99, inclusive (weighted average of $351.5612); $352.04-$353.025, inclusive (weighted average of $352.5109); $353.08-$354.05, inclusive (weighted average of $353.5931); and $354.08-$354.48, inclusive (weighted average of $354.1745), respectively. The reporting person undertakes to provide to the issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
- [F5]Reflects the cancellation for no consideration of Class B Common Stock of the Issuer ("Class B Shares") in connection with the conversion of Class A Units into Class A Shares. Following the reported transaction, the remaining Class B Shares are owned directly by Ernest C. Garcia II.
- [F6]These Class B Shares are owned directly by ECG II SPE, LLC ("E-SPE"), an entity which Mr. Garcia wholly owns and controls.
- [F7]These Class A Units are owned directly by E-SPE and are exchangeable for 0.8 Class A Shares pursuant to the Exchange Agreement.
Documents
Issuer
CARVANA CO.
CIK 0001690820
Entity typeother
Related Parties
1- filerCIK 0001017608
Filing Metadata
- Form type
- 4
- Filed
- Aug 13, 8:00 PM ET
- Accepted
- Aug 14, 6:45 PM ET
- Size
- 41.0 KB