Reported relationships
Latest disclosed role at each company.
| Company | Last reported as | Report date | Published |
|---|---|---|---|
| CARVANA CO.CVNA · Entity 2331 | Director · Chief Executive Officer · 10% owner | October 01, 2026 | October 05, 2026 |
Disclosed balances
About these balances
Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.
CARVANA CO.
Report date October 01, 2026 · Filed October 05, 2026
| Security / award | Ownership account | Disclosed shares / units | Disclosure context |
|---|---|---|---|
| Class A Common StockSEC Table I · non-derivative | Direct | 4,709,732 |
Reported balance
After 2026-10-01 transaction · row 1
1 source rowRow 1 · 2026-10-01 · Tax withholding · Disposed 7,067 · Balance 4,709,732 F1: 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. |
| Class A Common StockSEC Table I · non-derivative | IndirectErnest C. Garcia III Multi-Generational Trust III | 2,250,000 |
Reported balance
Holding disclosure · report date 2026-10-01 · row 2
Holding and transaction disclosures are not merged.
1 source rowRow 2 · Balance 2,250,000 F2: These shares of Class A common stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust. |
| Class A Common StockSEC Table I · non-derivative | IndirectErnest Irrevocable 2004 Trust III | 1,750,000 |
Reported balance
Holding disclosure · report date 2026-10-01 · row 3
Holding and transaction disclosures are not merged.
1 source rowRow 3 · Balance 1,750,000 F3: These shares of Class A common stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust. |
Filing footnotes · ownership attribution and instrument terms
F1: 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.
F2: These shares of Class A common stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust.
F3: These shares of Class A common stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust.
Transaction history
JSON APIPurchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”
The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.
| Transaction date | Company | Activity / security | Shares / units | Reported price | Reported value | Details |
|---|---|---|---|---|---|---|
| May 19, 2025 Filed May 20, 2025 23:36 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 4,700 | $301.02 | $1,414,794.00 |
DisclosureSEC source: 0001690820-25-000189 · wk-form4_1747784193.xml · nonDerivative · entry 5 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: Plan reported Ownership: Indirect · Ernest C. Garcia III Multi-Generational Trust III Disclosed balance after: 930,300 F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. F7 · price: This transaction was executed in multiple trades at prices ranging from $300.51 to $301.51, 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. F5 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust. Read SEC document |
| May 19, 2025 Filed May 20, 2025 23:36 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 5,000 | $300.18 | $1,500,900.00 |
DisclosureSEC source: 0001690820-25-000189 · wk-form4_1747784193.xml · nonDerivative · entry 4 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: Plan reported Ownership: Indirect · Ernest Irrevocable 2004 Trust III Disclosed balance after: 830,000 F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. F6 · price: This transaction was executed in multiple trades at prices ranging from $300.00 to $300.51, 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. F3 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust. Read SEC document |
| May 16, 2025 Filed May 20, 2025 23:36 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 5,000 | $300.21 | $1,501,050.00 |
DisclosureSEC source: 0001690820-25-000189 · wk-form4_1747784193.xml · nonDerivative · entry 3 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: Plan reported Ownership: Indirect · Ernest C. Garcia III Multi-Generational Trust III Disclosed balance after: 935,000 F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. F4 · price: This transaction was executed in multiple trades at prices ranging from $300.15 to $300.39, 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. F5 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust. Read SEC document |
| May 16, 2025 Filed May 20, 2025 23:36 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 5,000 | $300.10 | $1,500,500.00 |
DisclosureSEC source: 0001690820-25-000189 · wk-form4_1747784193.xml · nonDerivative · entry 2 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: Plan reported Ownership: Indirect · Ernest Irrevocable 2004 Trust III Disclosed balance after: 835,000 F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. F2 · price: This transaction was executed in multiple trades at prices ranging from $300.00 to $300.15, 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. F3 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust. Read SEC document |
| May 15, 2025 Filed May 16, 2025 21:48 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 300 | $304.00 | $91,200.00 |
DisclosureSEC source: 0001690820-25-000183 · wk-form4_1747432092.xml · nonDerivative · entry 8 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: Plan reported Ownership: Indirect · Ernest C. Garcia III Multi-Generational Trust III Disclosed balance after: 940,000 F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. F6 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust. Read SEC document |
| May 15, 2025 Filed May 16, 2025 21:48 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 4,700 | $303.39 | $1,425,933.00 |
DisclosureSEC source: 0001690820-25-000183 · wk-form4_1747432092.xml · nonDerivative · entry 7 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: Plan reported Ownership: Indirect · Ernest C. Garcia III Multi-Generational Trust III Disclosed balance after: 940,300 F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. F9 · price: This transaction was executed in multiple trades at prices ranging from $302.80 to $303.65, 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. F6 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust. Read SEC document |
| May 15, 2025 Filed May 16, 2025 21:48 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 1,930 | $302.68 | $584,172.40 |
DisclosureSEC source: 0001690820-25-000183 · wk-form4_1747432092.xml · nonDerivative · entry 6 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: Plan reported Ownership: Indirect · Ernest Irrevocable 2004 Trust III Disclosed balance after: 840,000 F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. F8 · price: This transaction was executed in multiple trades at prices ranging from $302.50 to $302.80, 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. F3 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust. Read SEC document |
| May 15, 2025 Filed May 16, 2025 21:48 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 3,070 | $302.01 | $927,170.70 |
DisclosureSEC source: 0001690820-25-000183 · wk-form4_1747432092.xml · nonDerivative · entry 5 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: Plan reported Ownership: Indirect · Ernest Irrevocable 2004 Trust III Disclosed balance after: 841,930 F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. F7 · price: This transaction was executed in multiple trades at prices ranging from $301.47 to $302.47, 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. F3 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust. Read SEC document |
| May 14, 2025 Filed May 16, 2025 21:48 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 5,000 | $304.50 | $1,522,500.00 |
DisclosureSEC source: 0001690820-25-000183 · wk-form4_1747432092.xml · nonDerivative · entry 4 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: Plan reported Ownership: Indirect · Ernest C. Garcia III Multi-Generational Trust III Disclosed balance after: 945,000 F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. F5 · price: This transaction was executed in multiple trades at prices ranging from $304.18 to $305.15, 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. F6 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust. Read SEC document |
| May 14, 2025 Filed May 16, 2025 21:48 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 2,718 | $304.01 | $826,299.18 |
DisclosureSEC source: 0001690820-25-000183 · wk-form4_1747432092.xml · nonDerivative · entry 3 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: Plan reported Ownership: Indirect · Ernest Irrevocable 2004 Trust III Disclosed balance after: 845,000 F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. F4 · price: This transaction was executed in multiple trades at prices ranging from $303.48 to $304.18, 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. F3 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust. Read SEC document |
| May 14, 2025 Filed May 16, 2025 21:48 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 2,282 | $302.77 | $690,921.14 |
DisclosureSEC source: 0001690820-25-000183 · wk-form4_1747432092.xml · nonDerivative · entry 2 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: Plan reported Ownership: Indirect · Ernest Irrevocable 2004 Trust III Disclosed balance after: 847,718 F1 · shares: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. F2 · price: This transaction was executed in multiple trades at prices ranging from $302.46 to $303.42, 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. F3 · ownership.nature: These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust. Read SEC document |
| May 01, 2025 Filed May 5, 2025 23:23 UTC | CARVANA CO. CVNA · Entity 2331 | Tax withholdingClass A Common Stock | 1,229 | $251.87 | $309,548.23 |
DisclosureSEC source: 0001690820-25-000144 · wk-form4_1746487390.xml · nonDerivative · entry 1 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 926,843 F1 · shares: 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. Read SEC document |
| April 01, 2025 Filed Apr 2, 2025 22:32 UTC | CARVANA CO. CVNA · Entity 2331 | Tax withholdingClass A Common Stock | 4,348 | $212.59 | $924,341.32 |
DisclosureSEC source: 0001690820-25-000121 · wk-form4_1743633171.xml · nonDerivative · entry 1 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 928,072 F1 · shares: 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. Read SEC document |
| March 01, 2025 Filed Mar 4, 2025 23:34 UTC | CARVANA CO. CVNA · Entity 2331 | Tax withholdingClass A Common Stock | 980 | $233.10 | $228,438.00 |
DisclosureSEC source: 0001690820-25-000090 · wk-form4_1741131285.xml · nonDerivative · entry 1 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 932,420 F1 · shares: 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. Read SEC document |
| February 01, 2025 Filed Feb 4, 2025 22:29 UTC | CARVANA CO. CVNA · Entity 2331 | Tax withholdingClass A Common Stock | 651 | $247.48 | $161,109.48 |
DisclosureSEC source: 0001690820-25-000058 · wk-form4_1738708134.xml · nonDerivative · entry 1 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 933,400 F1 · shares: 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. Read SEC document |
| January 17, 2025 Filed Jan 22, 2025 23:42 UTC | CARVANA CO. CVNA · Entity 2331 | GrantClass A Common Stock | 31,990 | $0.00 | $0.00 |
DisclosureSEC source: 0001690820-25-000034 · wk-form4_1737589322.xml · nonDerivative · entry 1 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 934,051 F1 · shares: 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, 2026 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer. F1 · price: 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, 2026 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer. Read SEC document |
| January 01, 2025 Filed Jan 3, 2025 22:33 UTC | CARVANA CO. CVNA · Entity 2331 | Tax withholdingClass A Common Stock | 670 | $203.36 | $136,251.20 |
DisclosureSEC source: 0001690820-25-000012 · wk-form4_1735943595.xml · nonDerivative · entry 1 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 902,061 F1 · shares: 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. Read SEC document |
| December 01, 2024 Filed Dec 3, 2024 22:58 UTC | CARVANA CO. CVNA · Entity 2331 | Tax withholdingClass A Common Stock | 980 | $260.42 | $255,211.60 |
DisclosureSEC source: 0001690820-24-000386 · wk-form4_1733266692.xml · nonDerivative · entry 1 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 902,731 F1 · shares: 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. Read SEC document |
| November 01, 2024 Filed Nov 1, 2024 23:12 UTC | CARVANA CO. CVNA · Entity 2331 | Tax withholdingClass A Common Stock | 980 | $229.08 | $224,498.40 |
DisclosureSEC source: 0001690820-24-000358 · wk-form4_1730502736.xml · nonDerivative · entry 3 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 903,711 F3 · shares: 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. Read SEC document |
| October 30, 2024 Filed Nov 1, 2024 23:12 UTC | CARVANA CO. CVNA · Entity 2331 | Tax withholdingClass A Common Stock | 9,268 | $207.31 | $1,921,349.08 |
DisclosureSEC source: 0001690820-24-000358 · wk-form4_1730502736.xml · nonDerivative · entry 2 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 904,691 F2 · shares: Represents shares of Class A Common Stock of the Issuer withheld for taxes upon vesting of RSUs under the Performance Restricted Stock Unit Award Agreement. Read SEC document |
| October 30, 2024 Filed Nov 1, 2024 23:12 UTC | CARVANA CO. CVNA · Entity 2331 | GrantClass A Common Stock | 22,412 | $0.00 | $0.00 |
DisclosureSEC source: 0001690820-24-000358 · wk-form4_1730502736.xml · nonDerivative · entry 1 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 913,959 F1 · shares: Represents restricted stock units ("RSUs") granted on January 24, 2024 under the Reporting Person's Performance Restricted Stock Unit Award Agreement between Carvana Co. and the Reporting Person, dated January 24, 2024. The performance condition for the RSUs reported herein has been met, and all RSUs reported herein vested on October 30, 2024 Read SEC document |
| October 01, 2024 Filed Oct 3, 2024 22:51 UTC | CARVANA CO. CVNA · Entity 2331 | Tax withholdingClass A Common Stock | 981 | $175.80 | $172,459.80 |
DisclosureSEC source: 0001690820-24-000328 · wk-form4_1727995863.xml · nonDerivative · entry 1 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 891,547 F1 · shares: 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. Read SEC document |
| September 01, 2024 Filed Sep 4, 2024 23:52 UTC | CARVANA CO. CVNA · Entity 2331 | Tax withholdingClass A Common Stock | 980 | $150.62 | $147,607.60 |
DisclosureSEC source: 0001690820-24-000309 · wk-form4_1725489255.xml · nonDerivative · entry 1 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 892,528 F1 · shares: 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. Read SEC document |
| August 01, 2024 Filed Aug 2, 2024 21:29 UTC | CARVANA CO. CVNA · Entity 2331 | Tax withholdingClass A Common Stock | 980 | $146.52 | $143,589.60 |
DisclosureSEC source: 0001690820-24-000288 · wk-form4_1722634178.xml · nonDerivative · entry 1 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 893,508 F1 · shares: 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. Read SEC document |
| July 01, 2024 Filed Jul 3, 2024 21:44 UTC | CARVANA CO. CVNA · Entity 2331 | Tax withholdingClass A Common Stock | 981 | $124.35 | $121,987.35 |
DisclosureSEC source: 0001690820-24-000250 · wk-form4_1720043043.xml · nonDerivative · entry 1 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 894,488 F1 · shares: 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. Read SEC document |
| June 01, 2024 Filed Jun 4, 2024 21:49 UTC | CARVANA CO. CVNA · Entity 2331 | Tax withholdingClass A Common Stock | 980 | $99.98 | $97,980.40 |
DisclosureSEC source: 0001690820-24-000224 · wk-form4_1717537754.xml · nonDerivative · entry 1 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 895,469 F1 · shares: 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. Read SEC document |
| May 02, 2024 Filed May 4, 2024 00:38 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 3,000 | $117.64 | $352,920.00 |
DisclosureSEC source: 0001690820-24-000197 · wk-form4_1714783093.xml · nonDerivative · entry 5 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 896,449 F2 · shares: Represents total number of shares of Class A Common Stock of the Issuer sold to pay required taxes upon vesting of restricted stock units pursuant to various awards. F6 · price: This transaction was executed in multiple trades at prices ranging from $ 117.25 to $118.23, 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. Read SEC document |
| May 02, 2024 Filed May 4, 2024 00:38 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 9,254 | $116.42 | $1,077,350.68 |
DisclosureSEC source: 0001690820-24-000197 · wk-form4_1714783093.xml · nonDerivative · entry 4 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 899,449 F2 · shares: Represents total number of shares of Class A Common Stock of the Issuer sold to pay required taxes upon vesting of restricted stock units pursuant to various awards. F5 · price: This transaction was executed in multiple trades at prices ranging from $ 115.95 to $116.92, 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. Read SEC document |
| May 02, 2024 Filed May 4, 2024 00:38 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 4,746 | $115.46 | $547,973.16 |
DisclosureSEC source: 0001690820-24-000197 · wk-form4_1714783093.xml · nonDerivative · entry 3 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 908,703 F2 · shares: Represents total number of shares of Class A Common Stock of the Issuer sold to pay required taxes upon vesting of restricted stock units pursuant to various awards. F4 · price: This transaction was executed in multiple trades at prices ranging from $ 114.94 to $115.93 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. Read SEC document |
| May 02, 2024 Filed May 4, 2024 00:38 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 1,100 | $114.34 | $125,774.00 |
DisclosureSEC source: 0001690820-24-000197 · wk-form4_1714783093.xml · nonDerivative · entry 2 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 913,449 F2 · shares: Represents total number of shares of Class A Common Stock of the Issuer sold to pay required taxes upon vesting of restricted stock units pursuant to various awards. F3 · price: This transaction was executed in multiple trades at prices ranging from $ 113.83 to $114.64, 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. Read SEC document |
| May 01, 2024 Filed May 4, 2024 00:38 UTC | CARVANA CO. CVNA · Entity 2331 | GrantClass A Common Stock | 53,091 | $0.00 | $0.00 |
DisclosureSEC source: 0001690820-24-000197 · wk-form4_1714783093.xml · nonDerivative · entry 1 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 914,549 F1 · shares: Represents restricted stock units ("RSUs") granted on February 22, 2023 under the Reporting Person's Performance Restricted Stock Unit Award Agreement between Carvana Co. and the Reporting Person, dated February 22, 2023 ("2023 PRSU Agreement"). The performance condition in the 2023 PRSU Agreement has been met, and all RSUs vested on May 1, 2024. Read SEC document |
| April 02, 2024 Filed Apr 3, 2024 23:01 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 110 | $82.74 | $9,101.40 |
DisclosureSEC source: 0001690820-24-000157 · wk-form4_1712185260.xml · nonDerivative · entry 2 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 861,458 F1 · shares: Represents total number of shares of Class A Common Stock of the Issuer sold to pay required taxes upon vesting of restricted stock units pursuant to various awards. Read SEC document |
| April 02, 2024 Filed Apr 3, 2024 23:01 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 9,280 | $82.83 | $768,662.40 |
DisclosureSEC source: 0001690820-24-000157 · wk-form4_1712185260.xml · nonDerivative · entry 1 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 861,568 F1 · shares: Represents total number of shares of Class A Common Stock of the Issuer sold to pay required taxes upon vesting of restricted stock units pursuant to various awards. F2 · price: This transaction was executed in multiple trades at prices ranging from $ 82.39 to $83.21, 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. Read SEC document |
| March 04, 2024 Filed Mar 5, 2024 22:50 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 114 | $80.62 | $9,190.68 |
DisclosureSEC source: 0001690820-24-000118 · wk-form4_1709679008.xml · nonDerivative · entry 1 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 870,848 F1 · shares: Represents total number of shares of Class A Common Stock of the Issuer sold to pay required taxes upon vesting of restricted stock units pursuant to various awards. F2 · price: This transaction was executed in multiple trades at prices ranging from $ 80.40 to $81.28, 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. Read SEC document |
| February 13, 2024 Filed Feb 15, 2024 23:29 UTC | CARVANA CO. CVNA · Entity 2331 | GrantStock Options (Right to Buy) · Derivative | 37,099 | $0.00 Strike: $51.97 | $0.00 |
DisclosureSEC source: 0001690820-24-000078 · wk-form4_1708039772.xml · derivative · entry 1 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 37,099 Underlying: Class A Common Stock · 37,099 shares Expires 2034-02-13 F1 · derivative.exercise_date: 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, 2025 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer. Read SEC document |
| February 01, 2024 Filed Feb 5, 2024 23:17 UTC | CARVANA CO. CVNA · Entity 2331 | Tax withholdingClass A Common Stock | 135 | $42.53 | $5,741.55 |
DisclosureSEC source: 0001690820-24-000062 · wk-form4_1707175057.xml · nonDerivative · entry 1 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 870,962 F1 · shares: 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. Read SEC document |
| January 30, 2024 Filed Feb 1, 2024 22:49 UTC | CARVANA CO. CVNA · Entity 2331 | Disposition to issuerClass A Common Stock | 1,104 | $0.00 | $0.00 |
DisclosureSEC source: 0001690820-24-000049 · wk-form4_1706827761.xml · nonDerivative · entry 1 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 871,097 F1 · shares: The reported shares were contributed to the Issuer to fund restricted stock unit awards to employees of Carvana under the Issuer's 2017 Omnibus Incentive Plan at no charge to the Issuer, pursuant to a Contribution Agreement dated February 22, 2022, by and between the Issuer and the Reporting Person. Read SEC document |
| January 24, 2024 Filed Jan 26, 2024 23:56 UTC | CARVANA CO. CVNA · Entity 2331 | GrantStock Options (Right to Buy) · Derivative | 97,735 | $0.00 Strike: $42.03 | $0.00 |
DisclosureSEC source: 0001690820-24-000034 · wk-form4_1706313381.xml · derivative · entry 4 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 97,735 Underlying: Class A Common Stock · 97,735 shares Expires 2034-01-24 F4 · derivative.exercise_date: 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, 2025 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer. Read SEC document |
| January 24, 2024 Filed Jan 26, 2024 23:56 UTC | CARVANA CO. CVNA · Entity 2331 | GrantClass A Common Stock | 32,578 | $0.00 | $0.00 |
DisclosureSEC source: 0001690820-24-000034 · wk-form4_1706313381.xml · nonDerivative · entry 1 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 872,201 F1 · shares: 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, 2025 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer. F1 · price: 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, 2025 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer. Read SEC document |
| January 02, 2024 Filed Jan 3, 2024 22:37 UTC | CARVANA CO. CVNA · Entity 2331 | Disposition to issuerClass A Common Stock | 14,122 | $0.00 | $0.00 |
DisclosureSEC source: 0001690820-24-000010 · wk-form4_1704321401.xml · nonDerivative · entry 2 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 839,623 F2 · shares: The reported shares were contributed to the Issuer to fund restricted stock unit awards to employees of Carvana under the Issuer's 2017 Omnibus Incentive Plan at no charge to the Issuer, pursuant to a Contribution Agreement dated February 22, 2022, by and between the Issuer and the Reporting Person. Read SEC document |
| January 01, 2024 Filed Jan 3, 2024 22:37 UTC | CARVANA CO. CVNA · Entity 2331 | Tax withholdingClass A Common Stock | 134 | $52.94 | $7,093.96 |
DisclosureSEC source: 0001690820-24-000010 · wk-form4_1704321401.xml · nonDerivative · entry 1 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 853,745 F1 · shares: 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. Read SEC document |
| December 01, 2023 Filed Dec 4, 2023 23:00 UTC | CARVANA CO. CVNA · Entity 2331 | Tax withholdingClass A Common Stock | 176 | $35.20 | $6,195.20 |
DisclosureSEC source: 0001690820-23-000352 · wk-form4_1701730847.xml · nonDerivative · entry 1 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 853,879 F1 · shares: 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. Read SEC document |
| November 01, 2023 Filed Nov 3, 2023 21:58 UTC | CARVANA CO. CVNA · Entity 2331 | Tax withholdingClass A Common Stock | 176 | $25.99 | $4,574.24 |
DisclosureSEC source: 0001690820-23-000336 · wk-form4_1699048700.xml · nonDerivative · entry 1 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 854,055 F1 · shares: 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. Read SEC document |
| October 01, 2023 Filed Oct 3, 2023 22:49 UTC | CARVANA CO. CVNA · Entity 2331 | Tax withholdingClass A Common Stock | 175 | $41.98 | $7,346.50 |
DisclosureSEC source: 0001690820-23-000313 · wk-form4_1696373361.xml · nonDerivative · entry 2 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 854,231 F2 · shares: 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. Read SEC document |
| September 29, 2023 Filed Oct 3, 2023 22:49 UTC | CARVANA CO. CVNA · Entity 2331 | Disposition to issuerClass A Common Stock | 16,859 | $0.00 | $0.00 |
DisclosureSEC source: 0001690820-23-000313 · wk-form4_1696373361.xml · nonDerivative · entry 1 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 854,406 F1 · shares: The reported shares were contributed to the Issuer to fund restricted stock unit awards to employees of Carvana under the Issuer's 2017 Omnibus Incentive Plan at no charge to the Issuer, pursuant to a Contribution Agreement dated February 22, 2022, by and between the Issuer and the Reporting Person. Read SEC document |
| September 01, 2023 Filed Sep 5, 2023 22:41 UTC | CARVANA CO. CVNA · Entity 2331 | Tax withholdingClass A Common Stock | 175 | $50.85 | $8,898.75 |
DisclosureSEC source: 0001690820-23-000290 · wk-form4_1693953653.xml · nonDerivative · entry 1 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 871,265 F1 · shares: 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. Read SEC document |
| August 18, 2023 Filed Aug 21, 2023 21:13 UTC | CARVANA CO. CVNA · Entity 2331 | GrantClass A Units · Derivative | 269,920 | $37.05 | $9,999,996.16 |
DisclosureSEC source: 0001690820-23-000269 · wk-form4_1692652390.xml · derivative · entry 4 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 4,850,578 Underlying: Class A Common Stock · 215,936 shares Expires not disclosed F4 · derivative.exercise_price: Pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group, each Class A Unit, together with a number of shares of Class B Common Stock of the Issuer equivalent to the shares of Class A Common Stock obtained, is exchangeable for 0.8 shares of Class A Common Stock of the Issuer. F1 · shares: On August 18, 2023, the Issuer entered into a Securities Purchase Agreement with Carvana Group, LLC ("Carvana Group"), the Reporting Person and Ernest C. Garcia, II, pursuant to which the Reporting Person agreed to purchase 269,920 Class A Units for a per unit purchase price of $37.048 and will receive, for no additional consideration, 215,936 shares of Class B Common Stock. F4 · derivative.exercise_date: Pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group, each Class A Unit, together with a number of shares of Class B Common Stock of the Issuer equivalent to the shares of Class A Common Stock obtained, is exchangeable for 0.8 shares of Class A Common Stock of the Issuer. F4 · derivative.expiration_date: Pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group, each Class A Unit, together with a number of shares of Class B Common Stock of the Issuer equivalent to the shares of Class A Common Stock obtained, is exchangeable for 0.8 shares of Class A Common Stock of the Issuer. F4 · derivative.underlying_shares: Pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group, each Class A Unit, together with a number of shares of Class B Common Stock of the Issuer equivalent to the shares of Class A Common Stock obtained, is exchangeable for 0.8 shares of Class A Common Stock of the Issuer. Read SEC document |
| August 18, 2023 Filed Aug 21, 2023 21:13 UTC | CARVANA CO. CVNA · Entity 2331 | GrantClass B Common Stock | 215,936 | $37.05 | $7,999,996.93 |
DisclosureSEC source: 0001690820-23-000269 · wk-form4_1692652390.xml · nonDerivative · entry 1 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 3,880,462 F1 · shares: On August 18, 2023, the Issuer entered into a Securities Purchase Agreement with Carvana Group, LLC ("Carvana Group"), the Reporting Person and Ernest C. Garcia, II, pursuant to which the Reporting Person agreed to purchase 269,920 Class A Units for a per unit purchase price of $37.048 and will receive, for no additional consideration, 215,936 shares of Class B Common Stock. F1 · price: On August 18, 2023, the Issuer entered into a Securities Purchase Agreement with Carvana Group, LLC ("Carvana Group"), the Reporting Person and Ernest C. Garcia, II, pursuant to which the Reporting Person agreed to purchase 269,920 Class A Units for a per unit purchase price of $37.048 and will receive, for no additional consideration, 215,936 shares of Class B Common Stock. Read SEC document |
| August 01, 2023 Filed Aug 3, 2023 22:38 UTC | CARVANA CO. CVNA · Entity 2331 | Tax withholdingClass A Common Stock | 176 | $49.11 | $8,643.36 |
DisclosureSEC source: 0001690820-23-000259 · wk-form4_1691102330.xml · nonDerivative · entry 1 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 871,440 F1 · shares: 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. Read SEC document |
| July 19, 2023 Filed Jul 21, 2023 21:25 UTC | CARVANA CO. CVNA · Entity 2331 | Tax withholdingClass A Common Stock | 20,718 | $55.80 | $1,156,064.40 |
DisclosureSEC source: 0001690820-23-000229 · wk-form4_1689974743.xml · nonDerivative · entry 2 GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 871,616 F2 · shares: Represents shares of Class A Common Stock of the Issuer withheld for taxes upon vesting of RSUs under the 2023 PRSU Agreement. Read SEC document |
Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.