0001209191-21-039356.txt : 20210609
0001209191-21-039356.hdr.sgml : 20210609
20210609210955
ACCESSION NUMBER: 0001209191-21-039356
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210607
FILED AS OF DATE: 20210609
DATE AS OF CHANGE: 20210609
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: GARCIA ERNEST C. II
CENTRAL INDEX KEY: 0001017608
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38073
FILM NUMBER: 211006665
MAIL ADDRESS:
STREET 1: 100 CRESCENT COURT
STREET 2: SUITE 1100
CITY: DALLAS
STATE: TX
ZIP: 75201
FORMER NAME:
FORMER CONFORMED NAME: GARCIA ERNEST C II
DATE OF NAME CHANGE: 19960626
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: VERDE INVESTMENTS, INC.
CENTRAL INDEX KEY: 0001704727
STATE OF INCORPORATION: AZ
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38073
FILM NUMBER: 211006664
BUSINESS ADDRESS:
STREET 1: 100 CRESCENT COURT
STREET 2: SUITE 1100
CITY: DALLAS
STATE: TX
ZIP: 75201
BUSINESS PHONE: 602.778.5000
MAIL ADDRESS:
STREET 1: 100 CRESCENT COURT
STREET 2: SUITE 1100
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]
IRS NUMBER: 814549921
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1930 W. RIO SALADO PARKWAY
CITY: TEMPE
STATE: AZ
ZIP: 85281
BUSINESS PHONE: (480) 719-8809
MAIL ADDRESS:
STREET 1: 1930 W. RIO SALADO PARKWAY
CITY: TEMPE
STATE: AZ
ZIP: 85281
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2021-06-07
0
0001690820
CARVANA CO.
CVNA
0001017608
GARCIA ERNEST C. II
100 CRESCENT COURT, SUITE 1100
DALLAS
TX
75201
0
0
1
0
0001704727
VERDE INVESTMENTS, INC.
100 CRESCENT COURT
SUITE 1100
DALLAS
TX
75201
0
0
1
0
Class A Common Stock
2021-06-07
4
C
0
2600
0.00
A
2600
D
Class A Common Stock
2021-06-07
4
S
0
2600
274.82
D
0
D
Class A Common Stock
2021-06-07
4
C
0
10540
0.00
A
10540
D
Class A Common Stock
2021-06-07
4
S
0
10540
275.7875
D
0
D
Class A Common Stock
2021-06-07
4
C
0
16151
0.00
A
16151
D
Class A Common Stock
2021-06-07
4
S
0
16151
276.7326
D
0
D
Class A Common Stock
2021-06-07
4
C
0
6400
0.00
A
6400
D
Class A Common Stock
2021-06-07
4
S
0
6400
277.6354
D
0
D
Class A Common Stock
2021-06-07
4
C
0
2900
0.00
A
2900
D
Class A Common Stock
2021-06-07
4
S
0
2900
278.7636
D
0
D
Class A Common Stock
2021-06-07
4
C
0
7458
0.00
A
7458
D
Class A Common Stock
2021-06-07
4
S
0
7458
280.0617
D
0
D
Class A Common Stock
2021-06-07
4
C
0
3951
0.00
A
3951
D
Class A Common Stock
2021-06-07
4
S
0
3951
280.6729
D
0
D
Class A Common Stock
555556
I
Verde Investments, Inc.
Class A Common Stock
100000
I
Ernest C. Garcia III Multi-Generational Trust III
Class B Common Stock
2021-06-07
4
J
0
50000
0.00
D
42058225
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
2021-06-07
4
C
0
62500
0.00
D
Class A Common Stock
50000
52572781
D
Class A Units
Class A Common Stock
14792526
I
Ernest Irrevocable 2004 Trust III
Class A Units
Class A Common Stock
14940000
I
Ernest C. Garcia III Multi-Generational Trust III
Class A Units
Class A Common Stock
10000000
I
ECG II SPE, LLC
Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer 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").
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 June 15, 2020, as modified.
Column 4 reflects a weighted average price. Shares sold in multiple transactions at prices ranging from $274.24-$275.20 (weighted average $274.82); $275.25-$276.24 (weighted average $275.7875); $276.255-$277.25 (weighted average $276.7326); $277.27-$278.26 (weighted average $277.6354); $278.43-$279.42 (weighted average $278.7636); $279.50-$280.485 (weighted average $280.0617); and $280.50-$281.01 (weighted average $280.6729), respectively. Reporting person undertakes to provide issuer, securityholder of issuer or SEC staff, upon request, information regarding number of shares sold at each separate price within 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 C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). Mr. Garcia has sole investment and dispository power over the Multi-Generational Trust assets and Mr. Garcia's son, Ernie Garcia, III, together with Ernie Garcia, III's children, are the sole beneficiaries of the Multi-Generational Trust.
Reflects the cancellation for no consideration of Class B Common Stock of the Issuer ("Class B Shares") in connection with the conversion of Class A Units into Class A Shares. Following the reported transaction, the remaining Class B Shares are owned directly by Ernest C. Garcia II.
These Class B Shares are owned directly by the Ernest Irrevocable 2004 Trust III (the "2004 Trust"). Mr. Garcia has shared investment and dispository power over the 2004 Trust assets and Mr. Garcia's son, Ernie Garcia, III, is the sole beneficiary of 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 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
2021-06-09
/s/ Ernest C. Garcia II, Verde Investments, Inc.
2021-06-09