SEC Form 4 · accession 0001209191-17-066379
CARVANA CO. · CVNA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Dec 15, 2017
Accepted (ET)
Dec 19, 2017 · 4:44 pm EST
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 | Dec 15, 2017 | S | 5,500 | $22.4737 | D | 1,939,369 | D | |
| Class A Common StockF2 | Dec 15, 2017 | S | 1,000,000 | $22.50 | D | 939,369 | D | |
| Class A Common StockF3,F2 | Dec 15, 2017 | S | 53,211 | $23.9966 | D | 886,158 | D | |
| Class A Common StockF4,F2 | Dec 15, 2017 | S | 42,913 | $24.5271 | D | 843,245 | D |
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 were sold in multiple transactions at prices ranging from $22.03 to $22.95, inclusive. The reporting person undertakes to provide to Carvana Co. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
- F2These shares are owned directly by 2014 Fidel Family Trust dated June 16, 2014 (the "Trust"), a ten percent owner of the Issuer, and indirectly by Kathryn L. Fidel, the sole trustee of the Trust, who has the power to vote and dispose of the Trust's holdings.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.26 to $24.25, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.27 to $24.80, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.