Jenkins Mark W.'s Form 4 filing
Carvana Co. (CVNA) · filed Nov 6, 2024
- Accession no.
- 0001690820-24-000368
- Filed
- Nov 6, 2024
- Trade date
- Nov 4-6, 2024
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Checked
This filing lists 22 non-derivative transactions and 7 derivative transactions. Open-market sales total $61.0M. 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 |
|---|---|
| Jenkins Mark W.CIK 0001700540 | Officer (Chief Financial Officer) |
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 |
|---|---|---|---|---|---|---|---|---|
| Nov 4, 2024 | Class A Common Stock | MOption exerciseAcquired | +40,000 | $10.07 | +$402,800 | 230,732 | Direct | |
| Nov 4, 2024 | Class A Common Stock | MOption exerciseAcquired | +14,989 | $44.21 | +$662,663.69 | 245,721 | Direct | |
| Nov 4, 2024 | Class A Common Stock | MOption exerciseAcquired | +53,506 | $38.00 | +$2,033,228 | 299,227 | Direct | |
| Nov 4, 2024 | Class A Common Stock | SSaleDisposed | −9,900 | $220.30F2 | −$2,180,970 | 289,327 | Direct | |
| Nov 4, 2024 | Class A Common Stock | SSaleDisposed | −1,936 | $221.28F3 | −$428,398.08 | 287,391 | Direct | |
| Nov 4, 2024 | Class A Common Stock | SSaleDisposed | −28,209 | $222.59F4 | −$6,279,041.31 | 259,182 | Direct | |
| Nov 4, 2024 | Class A Common Stock | SSaleDisposed | −39,835 | $223.53F5 | −$8,904,317.55 | 219,347 | Direct | |
| Nov 4, 2024 | Class A Common Stock | SSaleDisposed | −43,386 | $224.38F6 | −$9,734,950.68 | 175,961 | Direct | |
| Nov 4, 2024 | Class A Common Stock | SSaleDisposed | −47,524 | $225.52F7 | −$10,717,612.48 | 128,437 | Direct | |
| Nov 4, 2024 | Class A Common Stock | SSaleDisposed | −29,403 | $226.40F8 | −$6,656,839.2 | 99,034 | Direct | |
| Nov 4, 2024 | Class A Common Stock | SSaleDisposed | −5,200 | $227.54F9 | −$1,183,208 | 93,834 | Direct | |
| Nov 4, 2024 | Class A Common Stock | SSaleDisposed | −3,102 | $228.26F10 | −$708,062.52 | 90,732 | Direct | |
| Nov 5, 2024 | Class A Common Stock | SSaleDisposed | −6,496 | $230.34F11 | −$1,496,288.64 | 84,236 | Direct | |
| Nov 5, 2024 | Class A Common Stock | SSaleDisposed | −7,008 | $231.51F12 | −$1,622,422.08 | 77,228 | Direct | |
| Nov 5, 2024 | Class A Common Stock | SSaleDisposed | −6,496 | $232.49F13 | −$1,510,255.04 | 70,732 | Direct | |
| Nov 5, 2024 | Class A Common Stock | SSaleDisposed | −20,000 | $235.09F14 | −$4,701,800 | 50,732 | Direct | |
| Nov 6, 2024 | Class A Common Stock | CConversionAcquired | +100,000 | $0.00F15,F16 | $0 | 150,732 | Direct | |
| Nov 6, 2024 | Class A Common Stock | CConversionAcquired | +40,000 | $0.00F15,F16 | $0 | 190,732 | Direct | |
| Nov 6, 2024 | Class A Common Stock | SSaleDisposed | −8,796 | $240.91F17 | −$2,119,044.36 | 181,936 | Direct | |
| Nov 6, 2024 | Class A Common Stock | SSaleDisposed | −2,957 | $241.57F18 | −$714,322.49 | 178,979 | Direct | |
| Nov 6, 2024 | Class A Common Stock | SSaleDisposed | −8,247 | $242.79F19 | −$2,002,289.13 | 170,732 | Direct | |
| Nov 6, 2024 | Class A Common Stock | CConversionAcquired | +20,000 | $0.00F15,F16,F20 | $0 | 190,732 | 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 |
|---|---|---|---|---|---|---|---|---|
| Nov 4, 2024 | Class A Common Stock | MOption exerciseDisposed | −40,000 | $0.00 | $0 | 308,513 | Direct | |
| Nov 4, 2024 | Class A Common Stock | MOption exerciseDisposed | −14,989 | $0.00 | $0 | 0 | Direct | |
| Nov 4, 2024 | Class A Common Stock | MOption exerciseDisposed | −53,506 | $0.00 | $0 | 0 | Direct | |
| Nov 6, 2024 | Class A Common Stock | CConversionDisposed | −100,000 | $12.00 | −$1,604,064 | 66,328 | Direct | |
| Nov 6, 2024 | Class A Common Stock | CConversionDisposed | −40,000 | $12.00 | −$641,640 | 12,858 | Direct | |
| Nov 6, 2024 | Class A Common Stock | CConversionDisposed | −9,619 | $12.00 | −$154,296 | 0 | Direct | |
| Nov 6, 2024 | Class A Common Stock | CConversionDisposed | −10,381 | $5.81 | −$77,842.38 | 86,602 | 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 $219.91 to $220.57, 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
This transaction was executed in multiple trades at prices ranging from $221.00 to $221.99, 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 $222.00 to $222.99, 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 $223.00 to $223.99, 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 $224.00 to $224.99, 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 $225.00 to $225.99, 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 $226.00 to $226.99, 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 $227.00 to $227.92, 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 $228.00 to $228.88, 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 $230.00 to $230.69, 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.
- F12
This transaction was executed in multiple trades at prices ranging from $231.12 to $232.11, 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.
- F13
This transaction was executed in multiple trades at prices ranging from $232.22 to $233.00, 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.
- F14
This transaction was executed in multiple trades at prices ranging from $235.00 to $235.40, 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.
- F15
Mr. Jenkins was granted the 200,000 Class B Units on April 27, 2017 with a participation threshold of $12.00; 40,000 of which vested on February 1, 2018 and 3,333 of which vested on the first of each month thereafter.
Referenced by the price of 3 transactions in Table I.
- F16
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 3 transactions in Table I.
- F17
This transaction was executed in multiple trades at prices ranging from $240.25 to $241.24, 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.
- F18
This transaction was executed in multiple trades at prices ranging from $241.25 to $241.68, 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.
- F19
This transaction was executed in multiple trades at prices ranging from $242.56 to $243.40, 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.
- F20
Mr. Jenkins was granted the 100,000 Class B Units on October 21, 2016 with a participation threshold of $5.81; 20,000 vested on January 1, 2017 and 1,667 vested on the first of each month thereafter.
Referenced by the price of 1 transaction in Table I.