0001690820-20-000306.txt : 20201217 0001690820-20-000306.hdr.sgml : 20201217 20201217194232 ACCESSION NUMBER: 0001690820-20-000306 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20201215 FILED AS OF DATE: 20201217 DATE AS OF CHANGE: 20201217 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: JENKINS MARK W. CENTRAL INDEX KEY: 0001700540 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38073 FILM NUMBER: 201397617 MAIL ADDRESS: STREET 1: 1930 W. RIO SALADO PARKWAY CITY: TEMPE STATE: AZ ZIP: 85281 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 wf-form4_160825213920485.xml FORM 4 X0306 4 2020-12-15 0 0001690820 CARVANA CO. CVNA 0001700540 JENKINS MARK W. C/O CARVANA CO. 1930 W RIO SALADO PKWY TEMPE AZ 85281 0 1 0 0 Chief Financial Officer Class A Common Stock 2020-12-15 4 C 0 1441 0 A 35261 D Class A Common Stock 2020-12-15 4 S 0 1441 268.62 D 33820 D Class A Common Stock 2020-12-17 4 C 0 8559 0 A 42379 D Class A Common Stock 2020-12-17 4 S 0 8559 269.44 D 33820 D Class B Units 0.0 2020-12-15 4 C 0 1802 0 D Class A Common Stock 1441.0 306946 D Class B Units 0.0 2020-12-17 4 C 0 10699 0 D Class A Common Stock 8559.0 296247 D The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 15, 2020 (the "10b5-1 Plan"). The Reporting Person acquired the Class A Common Stock on December 15, 2020 by exchanging 1,802 Class B common units of Carvana Group, LLC ("Class B Units") for 1,441 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement"). The Exchange Agreement permits holders of Class B Units to 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. This transaction was executed in multiple trades at prices ranging from $268.50 to $268.73, inclusive; the price reported above reflects the volume weighted average sale price. The reported sales were effected pursuant to the 10b5-1 Plan. The Reporting Person acquired the Class A Common Stock on December 17, 2020 by exchanging 10,699 Class B Units for 8,559 shares of Class A Common Stock pursuant to the Exchange Agreement. This transaction was executed in multiple trades at prices ranging from $268.53 to $270.56, inclusive; the price reported above reflects the volume weighted average sale price. The exchanged Class B Units have a participation threshold of $0.00. The Class B Units have no expiration date. The Reporting Person was granted 1,000,000 Class B Units on March 24, 2015 with a participation threshold of $0.000; 200,000 of which vested on July 1, 2015 and 16,667 of which vest on the first of each month thereafter. /s/ Paul Breaux, by Power of Attorney for Mark W. Jenkins 2020-12-17