0001690820-21-000267.txt : 20210917 0001690820-21-000267.hdr.sgml : 20210917 20210917194432 ACCESSION NUMBER: 0001690820-21-000267 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210916 FILED AS OF DATE: 20210917 DATE AS OF CHANGE: 20210917 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: 211261765 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_163192225532209.xml FORM 4 X0306 4 2021-09-16 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 2021-09-17 4 C 0 5000 0 A 35129 D Class A Common Stock 2021-09-16 4 S 0 5000 342.09 D 30129 D Class B Units 0.0 2021-09-17 4 C 0 6250 0 D Class A Common Stock 5000.0 193747 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 September 16, 2021 by exchanging 6,250 Class B common units of Carvana Group, LLC ("Class B Units") for 5,000 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. 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 2021-09-17