0000950170-24-081684.txt : 20240703
0000950170-24-081684.hdr.sgml : 20240703
20240703183430
ACCESSION NUMBER: 0000950170-24-081684
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240701
FILED AS OF DATE: 20240703
DATE AS OF CHANGE: 20240703
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: GARCIA ERNEST C. II
CENTRAL INDEX KEY: 0001017608
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38073
FILM NUMBER: 241101252
MAIL ADDRESS:
STREET 1: 5430 LYNDON B. JOHNSON FWY, TOWER 3
STREET 2: SUITE 1250
CITY: DALLAS
STATE: TX
ZIP: 75240
FORMER NAME:
FORMER CONFORMED NAME: GARCIA ERNEST C II
DATE OF NAME CHANGE: 19960626
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: ECG II SPE, LLC
CENTRAL INDEX KEY: 0001754720
ORGANIZATION NAME:
STATE OF INCORPORATION: AZ
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38073
FILM NUMBER: 241101250
BUSINESS ADDRESS:
STREET 1: 5430 LYNDON B. JOHNSON FWY, TOWER 3
STREET 2: SUITE 1250
CITY: DALLAS
STATE: TX
ZIP: 75240
BUSINESS PHONE: 469.564.4800
MAIL ADDRESS:
STREET 1: 5430 LYNDON B. JOHNSON FWY, TOWER 3
STREET 2: SUITE 1250
CITY: DALLAS
STATE: TX
ZIP: 75240
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: VERDE INVESTMENTS, INC.
CENTRAL INDEX KEY: 0001704727
ORGANIZATION NAME:
STATE OF INCORPORATION: AZ
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38073
FILM NUMBER: 241101251
BUSINESS ADDRESS:
STREET 1: 5430 LYNDON B. JOHNSON FWY, TOWER 3
STREET 2: SUITE 1250
CITY: DALLAS
STATE: TX
ZIP: 75201
BUSINESS PHONE: 469.564.4800
MAIL ADDRESS:
STREET 1: 5430 LYNDON B. JOHNSON FWY, TOWER 3
STREET 2: SUITE 1250
CITY: DALLAS
STATE: TX
ZIP: 75201
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CARVANA CO.
CENTRAL INDEX KEY: 0001690820
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500]
ORGANIZATION NAME: 07 Trade & Services
IRS NUMBER: 814549921
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 300 E. RIO SALADO PARKWAY
CITY: TEMPE
STATE: AZ
ZIP: 85281
BUSINESS PHONE: (480) 719-8809
MAIL ADDRESS:
STREET 1: 300 E. RIO SALADO PARKWAY
CITY: TEMPE
STATE: AZ
ZIP: 85281
4
1
ownership.xml
4
X0508
4
2024-07-01
0001690820
CARVANA CO.
CVNA
0001017608
GARCIA ERNEST C. II
5430 LYNDON B. JOHNSON FWY, TOWER 3
SUITE 1250
DALLAS
TX
75240
false
false
true
false
0001704727
VERDE INVESTMENTS, INC.
5430 LYNDON B. JOHNSON FWY, TOWER 3
SUITE 1250
DALLAS
TX
75240
false
false
true
false
0001754720
ECG II SPE, LLC
5430 LYNDON B. JOHNSON FWY, TOWER 3
SUITE 1250
DALLAS
TX
75240
false
false
true
false
true
Class A Common Stock
2024-07-01
4
S
false
1800
121.6644
D
635700
D
Class A Common Stock
2024-07-01
4
S
false
6915
123.0937
D
628785
D
Class A Common Stock
2024-07-01
4
S
false
22507
123.8645
D
606278
D
Class A Common Stock
2024-07-01
4
S
false
20256
124.9203
D
586022
D
Class A Common Stock
2024-07-01
4
S
false
16291
125.6599
D
569731
D
Class A Common Stock
2024-07-01
4
S
false
5809
126.6324
D
563922
D
Class A Common Stock
2024-07-01
4
S
false
434
128.2705
D
563488
D
Class A Common Stock
2024-07-01
4
S
false
988
128.9867
D
562500
D
Class A Common Stock
2024-07-02
4
S
false
6062
122.1947
D
556438
D
Class A Common Stock
2024-07-02
4
S
false
10307
123.0154
D
546131
D
Class A Common Stock
2024-07-02
4
S
false
17327
124.1496
D
528804
D
Class A Common Stock
2024-07-02
4
S
false
25045
125.0496
D
503759
D
Class A Common Stock
2024-07-02
4
S
false
8500
126.0919
D
495259
D
Class A Common Stock
2024-07-02
4
S
false
5361
127.2475
D
489898
D
Class A Common Stock
2024-07-02
4
S
false
2398
127.9736
D
487500
D
Class A Common Stock
2578314
I
Verde Investments, Inc.
Class A Common Stock
850000
I
Ernest Irrevocable 2004 Trust III
Class A Common Stock
950000
I
Ernest C. Garcia III Multi-Generational Trust III
Class B Common Stock
41442317
D
Class B Common Stock
11834021
I
Ernest Irrevocable 2004 Trust III
Class B Common Stock
11952000
I
Ernest C. Garcia III Multi-Generational Trust III
Class B Common Stock
8000000
I
ECG II SPE, LLC
Class A Units
Class A Common Stock
51802896
51802896
D
Class A Units
Class A Common Stock
14792526
14792526
I
Ernest Irrevocable 2004 Trust III
Class A Units
Class A Common Stock
14940000
14940000
I
Ernest C. Garcia III Multi-Generational Trust III
Class A Units
Class A Common Stock
10000000
10000000
I
ECG II SPE, LLC
The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on March 11, 2024.
The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $121.20 to $122.16, inclusive (weighted average of $121.6644); $122.37 to $123.3698, inclusive (weighted average of $123.0937); $123.37 to $124.36, inclusive (weighted average of $123.8645); $124.38 to $125.36, inclusive (weighted average of $124.9203); $125.39 to $126.37, inclusive (weighted average of $125.6599); $126.4268 to $127.3115, inclusive (weighted average of $126.6324); $127.7002 to $128.6553, inclusive (weighted average of $128.2705); and $128.74 to $129.03, inclusive (weighted average of $128.9867), respectively. The reporting person undertakes to provide to the issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $121.6039 to $122.60, inclusive (weighted average of $122.1947); $122.6075 to $123.604, inclusive (weighted average of $123.0154); $123.61 to $124.59, inclusive (weighted average of $124.1496); $124.61 to $125.58, inclusive (weighted average of $125.0496); $125.64 to $126.62, inclusive (weighted average of $126.0919); $126.79 to $127.78, inclusive (weighted average of $127.2475); and $127.80 to $128.32, inclusive (weighted average of $127.9736), respectively. The reporting person undertakes to provide to the issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
These Class A Shares are owned directly by Verde Investments, Inc., an entity which Mr. Garcia wholly owns and controls.
These Class A Shares are owned directly by the Ernest Irrevocable 2004 Trust III (the "2004 Trust"). Mr. Garcia may have shared voting and dispositive power with respect to the Class A Shares held by the 2004 Trust. Mr. Garcia is a non-voting co-trustee with respect to the 2004 Trust and Mr. Garcia's son, Ernie Garcia III, is the sole beneficiary.
These Class A Shares are owned directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). Mr. Garcia may have shared voting and dispositive power with respect to the Class A Shares held by the Multi-Generational Trust. Mr. Garcia is a non-voting co-trustee with respect to the Multi-Generational Trust, and Ernie Garcia III and his children are the sole beneficiaries.
These Class B Shares are owned directly by the 2004 Trust.
These Class B Shares are owned directly by the Multi-Generational Trust.
These Class B Shares are owned directly by ECG II SPE, LLC ("E-SPE"), an entity which Mr. Garcia wholly owns and controls.
These Class A Units are exchangeable for 0.8 Class A Shares pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement").
These Class A Units are owned directly by the 2004 Trust and are exchangeable for 0.8 Class A Shares pursuant to the Exchange Agreement.
These Class A Units are owned directly by the Multi-Generational Trust and are exchangeable for 0.8 Class A Shares pursuant to the Exchange Agreement.
These Class A Units are owned directly by E-SPE and are exchangeable for 0.8 Class A Shares pursuant to the Exchange Agreement.
/s/ Ernest c. Garcia II
2024-07-03
/s/ Ernest C. Garcia II, Verde Investments, Inc.
2024-07-03
/s/ Ernest C. Garcia II, ECG II SPE, LLC
2024-07-03