0001690820-21-000227.txt : 20210804
0001690820-21-000227.hdr.sgml : 20210804
20210804193759
ACCESSION NUMBER: 0001690820-21-000227
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210801
FILED AS OF DATE: 20210804
DATE AS OF CHANGE: 20210804
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: 211145746
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_162812026358457.xml
FORM 4
X0306
4
2021-08-01
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
2021-08-01
4
F
0
269
337.56
D
30396
D
Class A Common Stock
2021-08-03
4
C
0
10000
0
A
40396
D
Class A Common Stock
2021-08-02
4
S
0
10000
336.02
D
30396
D
Class B Units
0.0
2021-08-03
4
C
0
12500
0
D
Class A Common Stock
10000.0
202399
D
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 reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 15, 2021 (the "10b5-1 Plan"). The Reporting Person acquired the Class A Common Stock on August 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 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 $333.70 to $338.00, 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
2021-08-04