Breaux Paul W.'s Form 4 filing
Carvana Co. (CVNA) · filed Oct 24, 2024
- Accession no.
- 0001690820-24-000338
- Filed
- Oct 24, 2024
- Trade date
- Oct 22-23, 2024
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Checked
This filing lists 5 non-derivative transactions and 3 derivative transactions. Open-market sales total $7.92M. 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 |
|---|---|---|---|---|---|---|---|---|
| Oct 22, 2024 | Class A Common Stock | MOption exerciseAcquired | +6,769 | $10.07 | +$68,163.83 | 134,042 | Direct | |
| Oct 22, 2024 | Class A Common Stock | SSaleDisposed | −14,548 | $198.00F2 | −$2,880,504 | 119,494 | Direct | |
| Oct 23, 2024 | Class A Common Stock | CConversionAcquired | +7,779 | $0.00F3,F4 | $0 | 127,273 | Direct | |
| Oct 23, 2024 | Class A Common Stock | SSaleDisposed | −25,452 | $198.00 | −$5,039,496 | 101,821 | Direct | |
| Oct 23, 2024 | Class A Common Stock | CConversionAcquired | +24,937 | $0.00F3,F4 | $0 | 126,758 | 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.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Oct 22, 2024 | Class A Common Stock | MOption exerciseDisposed | −6,769 | $0.00 | $0 | 309,334 | Direct | |
| Oct 23, 2024 | Class A Common Stock | CConversionDisposed | −7,779 | $12.00 | −$126,612 | 33,795 | Direct | |
| Oct 23, 2024 | Class A Common Stock | CConversionDisposed | −24,937 | $12.00 | −$405,540 | 0 | 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
This transaction was executed in multiple trades at prices ranging from $ 198.00 to $198.07, 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.
- F3
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.
- F4
The Reporting Person was granted 50,000 Class B Units on April 27, 2017 with a participation threshold of $12.00; 10,000 of which vested on February 1, 2018 and 833 of which vested on the first of each month thereafter. The Class B Units have no expiration date.
Referenced by the price of 2 transactions in Table I.
Remarks
Vice President, General Counsel, & Secretary