Jenkins Mark W.'s Form 4 filing
Carvana Co. (CVNA) · filed Jun 3, 2025
- Accession no.
- 0001690820-25-000206
- Filed
- Jun 3, 2025
- Trade date
- May 30-Jun 3, 2025
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Checked
This filing lists 22 non-derivative transactions and 5 derivative transactions. Open-market sales total $20.9M. 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 |
|---|---|
| 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 |
|---|---|---|---|---|---|---|---|---|
| May 30, 2025 | Class A Common Stock | SSaleDisposed | −20,000 | $325.13F2 | −$6,502,600 | 193,459 | Direct | |
| May 30, 2025 | Class A Common Stock | SSaleDisposed | −31,380 | $326.61F3 | −$10,249,021.8 | 162,079 | Direct | |
| May 30, 2025 | Class A Common Stock | MOption exerciseAcquired | +31,380 | $126.40 | +$3,966,432 | 193,459 | Direct | |
| Jun 1, 2025 | Class A Common Stock | FTax withholdingDisposed | −1,220 | $327.16 | −$399,135.2 | 192,239 | Direct | |
| Jun 2, 2025 | Class A Common Stock | MOption exerciseAcquired | +10,000 | $10.07 | +$100,700 | 202,239 | Direct | |
| Jun 2, 2025 | Class A Common Stock | MOption exerciseAcquired | +2,000 | $42.03 | +$84,060 | 204,239 | Direct | |
| Jun 2, 2025 | Class A Common Stock | MOption exerciseAcquired | +750 | $51.97 | +$38,977.5 | 204,989 | Direct | |
| Jun 2, 2025 | Class A Common Stock | SSaleDisposed | −300 | $317.67F5 | −$95,301 | 204,689 | Direct | |
| Jun 2, 2025 | Class A Common Stock | SSaleDisposed | −309 | $318.44F6 | −$98,397.96 | 204,380 | Direct | |
| Jun 2, 2025 | Class A Common Stock | SSaleDisposed | −600 | $319.83F7 | −$191,898 | 203,780 | Direct | |
| Jun 2, 2025 | Class A Common Stock | SSaleDisposed | −700 | $321.21F8 | −$224,847 | 203,080 | Direct | |
| Jun 2, 2025 | Class A Common Stock | SSaleDisposed | −689 | $322.24F9 | −$222,023.36 | 202,391 | Direct | |
| Jun 2, 2025 | Class A Common Stock | SSaleDisposed | −500 | $323.11F10 | −$161,555 | 201,891 | Direct | |
| Jun 2, 2025 | Class A Common Stock | SSaleDisposed | −416 | $324.40F11 | −$134,950.4 | 201,475 | Direct | |
| Jun 2, 2025 | Class A Common Stock | SSaleDisposed | −1,500 | $325.75F12 | −$488,625 | 199,975 | Direct | |
| Jun 2, 2025 | Class A Common Stock | SSaleDisposed | −1,507 | $326.48F13 | −$492,005.36 | 198,468 | Direct | |
| Jun 2, 2025 | Class A Common Stock | SSaleDisposed | −1,501 | $327.58F14 | −$491,697.58 | 196,967 | Direct | |
| Jun 2, 2025 | Class A Common Stock | SSaleDisposed | −749 | $328.56F15 | −$246,091.44 | 196,218 | Direct | |
| Jun 2, 2025 | Class A Common Stock | SSaleDisposed | −1,333 | $329.79F16 | −$439,610.07 | 194,885 | Direct | |
| Jun 2, 2025 | Class A Common Stock | SSaleDisposed | −2,046 | $330.96F17 | −$677,144.16 | 192,839 | Direct | |
| Jun 2, 2025 | Class A Common Stock | SSaleDisposed | −600 | $331.71F18 | −$199,026 | 192,239 | Direct | |
| Jun 3, 2025 | Class A Common Stock | CConversionAcquired | +20,000 | $0.00F19,F20 | $0 | 212,239 | 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 30, 2025 | Class A Common Stock | MOption exerciseDisposed | −31,380 | $0.00 | $0 | 17,208 | Direct | |
| Jun 2, 2025 | Class A Common Stock | MOption exerciseDisposed | −10,000 | $0.00 | $0 | 238,513 | Direct | |
| Jun 2, 2025 | Class A Common Stock | MOption exerciseDisposed | −2,000 | $0.00 | $0 | 68,703 | Direct | |
| Jun 2, 2025 | Class A Common Stock | MOption exerciseDisposed | −750 | $0.00 | $0 | 26,096 | Direct | |
| Jun 3, 2025 | Class A Common Stock | CConversionDisposed | −20,000 | $4.88 | −$124,347.28 | 18,326 | 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 $325.00 to $325.75, 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 $326.40 to $327.10 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 $317.12 to $318.06 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 $318.16 to $318.63 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 $319.41 to $320.20 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 $320.69 to $321.52 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 $321.85 to $322.84 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 $322.86 to $323.30 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 $323.94 to $324.85 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 $325.04 to $326.03 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.
- F13
This transaction was executed in multiple trades at prices ranging from $326.11 to $326.80 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.
- F14
This transaction was executed in multiple trades at prices ranging from $327.18 to $328.13 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.
- F15
This transaction was executed in multiple trades at prices ranging from $328.20 to $329.18 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.
- F16
This transaction was executed in multiple trades at prices ranging from $329.31 to $330.27 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 $330.37 to $331.33 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.
- F18
This transaction was executed in multiple trades at prices ranging from $331.55 to $331.90 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.
- F19
Mr. Jenkins was granted the 60,000 Class B Units on January 28, 2016 with a participation threshold of $4.878; 12,000 vested on March 1, 2016 and 1,000 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.
- F20
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.