Huston Benjamin E.'s Form 4 filing
Carvana Co.CVNA · filed May 5, 2025
- Accession no.
- 0001690820-25-000149
- Filed
- May 5, 2025
- Trade date
- May 1-5, 2025
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Checked
This filing lists 13 non-derivative transactions and 1 derivative transaction. Open-market sales total $2.54M. It was filed 4 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 |
|---|---|---|---|---|---|---|---|---|
| May 1, 2025 | Class A Common Stock | FTax withholdingDisposed | −1,219 | $251.87 | −$307,029.53 | 149,294 | Direct | |
| May 1, 2025 | Class A Common Stock | SSaleDisposed | −200 | $246.63 | −$49,326 | 149,094 | Direct | |
| May 1, 2025 | Class A Common Stock | SSaleDisposed | −400 | $248.48F3 | −$99,392 | 148,694 | Direct | |
| May 1, 2025 | Class A Common Stock | SSaleDisposed | −300 | $250.19F4 | −$75,057 | 148,394 | Direct | |
| May 1, 2025 | Class A Common Stock | SSaleDisposed | −3,202 | $252.08F5 | −$807,160.16 | 145,192 | Direct | |
| May 1, 2025 | Class A Common Stock | SSaleDisposed | −2,098 | $252.95F6 | −$530,689.1 | 143,094 | Direct | |
| May 1, 2025 | Class A Common Stock | SSaleDisposed | −900 | $254.34F7 | −$228,906 | 142,194 | Direct | |
| May 1, 2025 | Class A Common Stock | SSaleDisposed | −1,200 | $255.43F8 | −$306,516 | 140,994 | Direct | |
| May 1, 2025 | Class A Common Stock | SSaleDisposed | −800 | $256.27F9 | −$205,016 | 140,194 | Direct | |
| May 1, 2025 | Class A Common Stock | SSaleDisposed | −400 | $257.54F10 | −$103,016 | 139,794 | Direct | |
| May 1, 2025 | Class A Common Stock | SSaleDisposed | −200 | $259.39F11 | −$51,878 | 139,594 | Direct | |
| May 1, 2025 | Class A Common Stock | SSaleDisposed | −300 | $262.18F12 | −$78,654 | 139,294 | Direct | |
| May 5, 2025 | Class A Common Stock | CConversionAcquired | +10,000 | $0.00F13,F14 | $0 | 149,294 | 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 |
|---|---|---|---|---|---|---|---|---|
| May 5, 2025 | Class A Common Stock | CConversionDisposed | −10,000 | $0.00 | $0 | 45,561 | 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.
- F3
This transaction was executed in multiple trades at prices ranging from $248.05 to $248.96, 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.
- F4
This transaction was executed in multiple trades at prices ranging from $250.05 to $250.33, 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 $251.59 to $252.57, 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.
- F6
This transaction was executed in multiple trades at prices ranging from $252.61 to $253.58, 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 $253.85 to $254.78, 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 $254.97 to $255.91, 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 $255.98 to $256.80, 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 $257.14 to $258.03, 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 $259.10 to $259.67, 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 $262.03 to $262.42, 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
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.
- F14
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.