0001690820-21-000261.txt : 20210903 0001690820-21-000261.hdr.sgml : 20210903 20210903171218 ACCESSION NUMBER: 0001690820-21-000261 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210901 FILED AS OF DATE: 20210903 DATE AS OF CHANGE: 20210903 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: 211237406 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_163070352256477.xml FORM 4 X0306 4 2021-09-01 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 2021-09-01 4 F 0 267 330.48 D 30129 D Class A Common Stock 2021-09-02 4 C 0 1930 0 A 32059 D Class A Common Stock 2021-09-01 4 S 0 1930 326.95 D 30129 D Class B Units 0.0 2021-09-02 4 C 0 2413 0 D Class A Common Stock 1930.0 199997 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 16, 2021 (the "10b5-1 Plan"). The Reporting Person acquired the Class A Common Stock on September 1, 2021 by exchanging 2,413 Class B common units of Carvana Group, LLC ("Class B Units") for 1,930 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 $325.94 to $327.93, 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 $0.00; 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 2021-09-03