Huston Benjamin E.'s Form 4 filing
Carvana Co.CVNA · filed Apr 2, 2025
- Accession no.
- 0001690820-25-000123
- Filed
- Apr 2, 2025
- Trade date
- Mar 31-Apr 2, 2025
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Checked
This filing lists 20 non-derivative transactions and 1 derivative transaction. Open-market sales total $10.4M. 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 |
|---|---|
| Huston Benjamin E.CIK 0001700537 | Officer (Chief Operating 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 |
|---|---|---|---|---|---|---|---|---|
| Mar 31, 2025 | Class A Common Stock | SSaleDisposed | −700 | $194.19F2 | −$135,933 | 177,416 | Direct | |
| Mar 31, 2025 | Class A Common Stock | SSaleDisposed | −1,100 | $195.35F3 | −$214,885 | 176,316 | Direct | |
| Mar 31, 2025 | Class A Common Stock | SSaleDisposed | −800 | $196.25F4 | −$157,000 | 175,516 | Direct | |
| Mar 31, 2025 | Class A Common Stock | SSaleDisposed | −800 | $197.55F5 | −$158,040 | 174,716 | Direct | |
| Mar 31, 2025 | Class A Common Stock | SSaleDisposed | −800 | $199.09F6 | −$159,272 | 173,916 | Direct | |
| Mar 31, 2025 | Class A Common Stock | SSaleDisposed | −1,096 | $200.74F7 | −$220,011.04 | 172,820 | Direct | |
| Mar 31, 2025 | Class A Common Stock | SSaleDisposed | −2,076 | $201.85F8 | −$419,040.6 | 170,744 | Direct | |
| Mar 31, 2025 | Class A Common Stock | SSaleDisposed | −2,207 | $202.70F9 | −$447,358.9 | 168,537 | Direct | |
| Mar 31, 2025 | Class A Common Stock | SSaleDisposed | −1,853 | $203.79F10 | −$377,622.87 | 166,684 | Direct | |
| Mar 31, 2025 | Class A Common Stock | SSaleDisposed | −1,930 | $204.89F11 | −$395,437.7 | 164,754 | Direct | |
| Mar 31, 2025 | Class A Common Stock | SSaleDisposed | −300 | $206.05F12 | −$61,815 | 164,454 | Direct | |
| Mar 31, 2025 | Class A Common Stock | SSaleDisposed | −2,555 | $207.64F13 | −$530,520.2 | 161,899 | Direct | |
| Mar 31, 2025 | Class A Common Stock | SSaleDisposed | −9,051 | $208.50F14 | −$1,887,133.5 | 152,848 | Direct | |
| Mar 31, 2025 | Class A Common Stock | SSaleDisposed | −12,001 | $209.38F15 | −$2,512,769.38 | 140,847 | Direct | |
| Mar 31, 2025 | Class A Common Stock | SSaleDisposed | −5,269 | $210.48F16 | −$1,109,019.12 | 135,578 | Direct | |
| Mar 31, 2025 | Class A Common Stock | SSaleDisposed | −5,607 | $211.47F17 | −$1,185,712.29 | 129,971 | Direct | |
| Mar 31, 2025 | Class A Common Stock | SSaleDisposed | −1,455 | $212.39F18 | −$309,027.45 | 128,516 | Direct | |
| Mar 31, 2025 | Class A Common Stock | SSaleDisposed | −400 | $213.36F19 | −$85,344 | 128,116 | Direct | |
| Apr 1, 2025 | Class A Common Stock | FTax withholdingDisposed | −4,313 | $212.59 | −$916,900.67 | 123,803 | Direct | |
| Apr 2, 2025 | Class A Common Stock | CConversionAcquired | +50,000 | $0.00F21,F22 | $0 | 173,803 | 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 |
|---|---|---|---|---|---|---|---|---|
| Apr 2, 2025 | Class A Common Stock | CConversionDisposed | −50,000 | $0.00 | $0 | 91,449 | 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 $193.61 to $194.53, 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 $194.70 to $195.65, 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 $195.70 to $196.66, 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 $197.00 to $197.90, 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 $198.60 to $199.47, 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 $200.19 to $201.18, 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 $201.19 to $202.13, 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 $202.20 to $203.19, 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 $203.20 to $204.19, 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 $204.41 to $205.40, 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.
- F12
This transaction was executed in multiple trades at prices ranging from $205.65 to $206.49, 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 $206.98 to $207.97, 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 $207.98 to $208.96, 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
This transaction was executed in multiple trades at prices ranging from $208.98 to $209.97, 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.
- F16
This transaction was executed in multiple trades at prices ranging from $210.00 to $210.99, 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.
- F17
This transaction was executed in multiple trades at prices ranging from $211.00 to $211.94, 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 $212.06 to $212.94, 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 $213.14 to $213.66, 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.
- F21
Mr. Huston was granted 1,000,000 Class B common units ("Class B Units") of Carvana Group, LLC ("Carvana Group") on March 24, 2015 with a participation threshold of $0.00; 250,000 vested on the grant date and 16,667 vest on the first of each month thereafter.
Referenced by the price of 1 transaction in Table I.
- F22
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.