0001690820-23-000060.txt : 20230224
0001690820-23-000060.hdr.sgml : 20230224
20230224194604
ACCESSION NUMBER: 0001690820-23-000060
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230222
FILED AS OF DATE: 20230224
DATE AS OF CHANGE: 20230224
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: GARCIA ERNEST C. III
CENTRAL INDEX KEY: 0001700548
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38073
FILM NUMBER: 23669523
MAIL ADDRESS:
STREET 1: 300 E RIO SALADO PKWY
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: 300 E. RIO SALADO PARKWAY
CITY: TEMPE
STATE: AZ
ZIP: 85281
BUSINESS PHONE: (480) 719-8809
MAIL ADDRESS:
STREET 1: 300 E. RIO SALADO PARKWAY
CITY: TEMPE
STATE: AZ
ZIP: 85281
4
1
wf-form4_167728593582796.xml
FORM 4
X0306
4
2023-02-22
0
0001690820
CARVANA CO.
CVNA
0001700548
GARCIA ERNEST C. III
C/O CARVANA CO.
300 E. RIO SALADO PARKWAY
TEMPE
AZ
85281
1
1
1
0
Chief Executive Officer
Class A Common Stock
2023-02-22
4
A
0
99549
0
A
872178
D
Class A Common Stock
950000
I
Ernest C. Garcia III Multi-Generational Trust III
Class A Common Stock
850000
I
Ernest Irrevocable 2004 Trust III
Class B Common Stock
11834021
I
Ernest Irrevocable 2004 Trust III
Class B Common Stock
11952000
I
Ernest C. Garcia III Multi-Generational Trust III
Class B Common Stock
3664526
D
Stock Options (Right to Buy)
10.07
2023-02-22
4
A
0
502619
0
A
2024-04-01
2033-02-22
Class A Common Stock
502619.0
502619
D
Class A Units
Class A Common Stock
11952000.0
14940000
I
Ernest C. Garcia III Multi-Generational Trust III
Class A Units
Class A Common Stock
11834021.0
14792526
I
Ernest Irrevocable 2004 Trust III
Class A Units
Class A Common Stock
3664526.0
4580658
D
Represents shares of Class A Common Stock of Carvana Co. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. The restricted stock units vest 25% on April 1, 2024 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.
The Reporting Person is the Co-Administrative Trustee and Co-Investment Trustee of the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust") and therefore shares voting and dispositive power over the units and shares held directly by the Multi-Generational Trust. The reported securities are directly held by the Multi-Generational Trust, for which the Reporting Person was formally named Co-Trustee on February 1, 2022. Because this change in the Reporting Person's beneficial ownership did not involve a reportable transfer or other transaction with respect to the Issuer's securities, this filing is voluntarily being made now in order to incorporate securities held by the Multi-Generational Trust into his reported holdings.
These shares of Class A Common Stock are held directly by the Multi-Generational Trust.
These Class A Shares are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Co-Administrative Trustee and Co-Investment Trustee of the Irrevocable Trust and therefore shares voting and dispositive power over the shares held directly by the Irrevocable Trust.
These shares of Class A Common Stock are held directly by the Irrevocable Trust.
These shares of Class B Common Stock are held directly by the Irrevocable Trust.
These shares of Class B Common Stock are held directly by the Multi-Generational Trust.
The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vest 25% on April 1, 2024 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.
Pursuant to the Exchange Agreeement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group, LLC and the members of Carvana Group, LLC, the Class A Units are exchangeable for 0.8 shares of Class A Common Stock of the Issuer, together with an equivalent number of shares of Class B Common Stock of the Issuer.
These Class A Units are held directly by the Multi-Generational Trust.
These Class A Units are held directly by the Irrevocable Trust.
/s/ Paul Breaux, by Power of Attorney for Ernest C. Garcia, III
2023-02-24