JENKINS MARK W., CFO, reported a transaction classified as exercise at CARVANA CO. involving 28422.000000 shares for an estimated $0.00. Reported holdings after the transaction were 0.000000 shares. The stored filing text includes a detected 10b5-1 reference.
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Chief Financial Officer
The reported unit conversions, option exercises, and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 5, 2024.
This transaction was executed in multiple trades at prices ranging from $275.00 to $275.89, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person
undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
This transaction was executed in multiple trades at prices ranging from $276.24 to $276.32, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person un…
Mr. Jenkins was granted the 100,000 Class B Units on October 21, 2016 with a participation threshold of $5.81; 20,000 vested on January 1, 2017 and 1,667 vested on the first of each month thereafter.
Pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement"), holders of Class B Units may
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 $288.62 to $289.30, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person un…
The option vested 25% on April 1, 2021 and in 36 equal monthly installments thereafter, subject to the Reporting Person's continued service with the Issuer.
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