Breaux Paul W.'s Form 4 filing
Carvana Co. (CVNA) · filed Jul 18, 2024
- Accession no.
- 0001690820-24-000256
- Filed
- Jul 18, 2024
- Trade date
- Jul 16-18, 2024
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Checked
This filing lists 2 non-derivative transactions and 2 derivative transactions. Open-market sales total $2.17M. 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.
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.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jul 18, 2024 | Class A Common Stock | CConversionDisposed | −6,814 | $4.88 | −$43,417.36 | 0 | Direct | |
| Jul 18, 2024 | Class A Common Stock | CConversionDisposed | −8,186 | $5.81 | −$62,637.61 | 14,219 | Direct |
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.
- F2
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 thereafter. 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 thereafter. The Class B Units have no expiration date.
Referenced by the price of 1 transaction in Table I.
- F3
The Reporting Person was granted 25,000 Class B Units on September 23, 2016 with a participation threshold of $5.8114; 5,000 of which vested on August 9, 2017 and 416 of which vested on the first of each month thereafter. The Class B Units have no expiration date.
Referenced by the price of 1 transaction in Table I.
- F4
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 1 transaction in Table I.
Remarks
Vice President, General Counsel, & Secretary