SEC Form 4 · accession 0001690820-18-000121
CARVANA CO. · CVNA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ernest C. Garcia III
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Nov 9, 2018
Accepted (ET)
Nov 13, 2018 · 8:49 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 | Nov 9, 2018 | D | 32,932 | $0.00 | D | 14,087 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reported shares were contributed to the Issuer to fund restricted stock unit awards to employees of Carvana, LLC under the Issuer's 2017 Omnibus Incentive Plan at no charge to Issuer, pursuant to a Contribution Agreement dated November 6, 2018, by and between the Issuer and the Reporting Person.
- F2On November 6, 2018, 14,534 of the reported shares were transferred to the Reporting Person from the direct holdings of the Ernest Irrevocable 2004 Trust III (the "Trust"). The Reporting Person is the Co-Administrative Trustee and Co-Investment Trustee of the Trust and therefore shares voting and dispositive power over the stock held directly by the Trust.