Breaux Paul W.'s Form 4 filing
Carvana Co. (CVNA) · filed May 3, 2024
- Accession no.
- 0001690820-24-000171
- Filed
- May 3, 2024
- Trade date
- May 1-3, 2024
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Checked
This filing lists 14 non-derivative transactions and 2 derivative transactions. Open-market sales total $6.78M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Breaux Paul W.CIK 0001700545 | Officer (See Remarks) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| May 1, 2024 | Class A Common Stock | AGrant or awardAcquired | +33,390 | $0.00 | $0 | 143,183 | Direct | |
| May 2, 2024 | Class A Common Stock | SSaleDisposed | −300 | $112.14F3 | −$33,642 | 142,883 | Direct | |
| May 2, 2024 | Class A Common Stock | SSaleDisposed | −2,001 | $113.43F4 | −$226,973.43 | 140,882 | Direct | |
| May 2, 2024 | Class A Common Stock | SSaleDisposed | −801 | $114.37F5 | −$91,610.37 | 140,081 | Direct | |
| May 2, 2024 | Class A Common Stock | SSaleDisposed | −1,400 | $115.41F6 | −$161,574 | 138,681 | Direct | |
| May 2, 2024 | Class A Common Stock | SSaleDisposed | −1,200 | $116.69F7 | −$140,028 | 137,481 | Direct | |
| May 2, 2024 | Class A Common Stock | SSaleDisposed | −2,139 | $117.84F8 | −$252,059.76 | 135,342 | Direct | |
| May 2, 2024 | Class A Common Stock | SSaleDisposed | −1,500 | $118.72F9 | −$178,080 | 133,842 | Direct | |
| May 2, 2024 | Class A Common Stock | SSaleDisposed | −1,459 | $119.95F10 | −$175,007.05 | 132,383 | Direct | |
| May 2, 2024 | Class A Common Stock | SSaleDisposed | −600 | $120.99F11 | −$72,594 | 131,783 | Direct | |
| May 3, 2024 | Class A Common Stock | CConversionAcquired | +28,575 | $0.00F12,F13 | $0 | 160,358 | Direct | |
| May 2, 2024 | Class A Common Stock | SSaleDisposed | −30,000 | $120.00 | −$3,600,000 | 130,358 | Direct | |
| May 3, 2024 | Class A Common Stock | CConversionAcquired | +15,000 | $0.00F12,F13 | $0 | 145,358 | Direct | |
| May 3, 2024 | Class A Common Stock | SSaleDisposed | −15,000 | $123.00 | −$1,845,000 | 130,358 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F3
This transaction was executed in multiple trades at prices ranging from $ 111.83 to $112.30, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
Referenced by the price of 1 transaction in Table I.
- F4
This transaction was executed in multiple trades at prices ranging from $ 112.86 to $113.81, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
Referenced by the price of 1 transaction in Table I.
- F5
This transaction was executed in multiple trades at prices ranging from $ 113.88 to $114.69, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
Referenced by the price of 1 transaction in Table I.
- F6
This transaction was executed in multiple trades at prices ranging from $ 115.13 to $116.05, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
Referenced by the price of 1 transaction in Table I.
- F7
This transaction was executed in multiple trades at prices ranging from $ 116.29 to $117.12, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
Referenced by the price of 1 transaction in Table I.
- F8
This transaction was executed in multiple trades at prices ranging from $ 117.37 to $118.23 inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
Referenced by the price of 1 transaction in Table I.
- F9
This transaction was executed in multiple trades at prices ranging from $ 118.39 to $119.14, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
Referenced by the price of 1 transaction in Table I.
- F10
This transaction was executed in multiple trades at prices ranging from $ 119.58 to $120.27, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
Referenced by the price of 1 transaction in Table I.
- F11
This transaction was executed in multiple trades at prices ranging from $ 120.59 to $121.50, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
Referenced by the price of 1 transaction in Table I.
- F12
The reported conversions and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 9, 2023 (the "10b5-1 Plan").
Referenced by the price of 2 transactions in Table I.
- F13
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.
Referenced by the price of 2 transactions in Table I.
- F14
The Reporting Person was granted 250,000 Class B Units on December 30, 2015 with a participation threshold of $4.878; 50,000 of which vested on August 3, 2016 and 4,167 of which vested on the first of each month beginning September 1, 2016. The Reporting Person was also granted 12,500 Class B Units on January 29, 2016 with a participation threshold of $4.878; 2,500 of which vested on August 3, 2016 and 209 of which vested on the first of each month beginning September 1, 2016. The Class B Units have no expiration date.
Referenced by the price of 2 transactions in Table II.
Remarks
Vice President, General Counsel, & Secretary