0001690820-21-000180.txt : 20210603
0001690820-21-000180.hdr.sgml : 20210603
20210603194115
ACCESSION NUMBER: 0001690820-21-000180
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210601
FILED AS OF DATE: 20210603
DATE AS OF CHANGE: 20210603
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: HUSTON BENJAMIN E.
CENTRAL INDEX KEY: 0001700537
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38073
FILM NUMBER: 21994325
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_162276363942086.xml
FORM 4
X0306
4
2021-06-01
0
0001690820
CARVANA CO.
CVNA
0001700537
HUSTON BENJAMIN E.
C/O CARVANA CO.
1930 W. RIO SALADO PARKWAY
TEMPE
AZ
85281
0
1
0
0
Chief Operating Officer
Class A Common Stock
2021-06-01
4
C
0
10000
0
A
41199
D
Class A Common Stock
2021-06-01
4
S
0
10000
266.92
D
31199
D
Class A Common Stock
2021-06-01
4
F
0
267
273.14
D
30932
D
Class B Units
0.0
2021-06-01
4
C
0
12500
0
D
Class A Common Stock
10000.0
227410
D
The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 16, 2021 (the "10b5-1 Plan"). The Reporting Person acquired the Class A Common Stock on June 1, 2021 by exchanging 12,500 Class B common units of Carvana Group, LLC ("Class B Units") for 10,000 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 theAdjusted 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 $265.29 to $268.03, inclusive; the price reported above reflects the volume weighted average sale price.
Represents total number of shares of Class A Common Stock of the Issuer withheld for taxes upon vesting of restricted stock units pursuant to various awards.
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 $0.00; 250,000 vested on the grant date and 16,667 vest on the first of each month thereafter.
/s/ Paul Breaux, by Power of Attorney for Benjamin E. Huston
2021-06-03