SEC Form 4 · accession 0000899243-17-012012
CARVANA CO. · CVNA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
May 4, 2017
Accepted (ET)
May 5, 2017 · 5:39 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001690820
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1,F2 | May 4, 2017 | P | 164,517 | $8.20 | A | 1,464,517 | I | See Footnote |
| Class A Common StockF3 | holding | — | — | — | 100,000 | I | See Footnote | |
| Class A Common StockF4 | holding | — | — | — | 100,000 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares of Class A Common Stock were purchased in multiple transactions at prices ranging from $8.19 to $8.20, inclusive.
- F2These shares are owned directly by Verde Investments, Inc., an entity that Mr. Garcia wholly owns and controls.
- F3These shares of Class A Common Stock are owned directly by the Ernest Irrevocable 2004 Trust III (the "2004 Trust"). Mr. Garcia has sole investment and dispository power over the 2004 Trust assets and Mr. Garcia's son, Ernie Garcia, III, is the sole beneficiary of the 2004 Trust.
- F4These shares of Class A Common Stock are owned directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). Mr. Garcia has sole investment and dispository power over the Multi-Generational Trust assets and Mr. Garcia's son, Ernie Garcia, III, together with Ernie Garcia, III's children, are the sole beneficiaries of the Multi-Generational Trust.