Reported relationships
Latest disclosed role at each company.
| Company | Last reported as | Report date | Published |
|---|---|---|---|
| CARVANA CO.CVNA · Entity 2331 | 10% owner | May 01, 2026 | May 01, 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 May 01, 2026 · Filed May 01, 2026
| Security / award | Ownership account | Disclosed shares / units | Disclosure context |
|---|---|---|---|
| Covered Call Option (Obligation to Sell)SEC Table II · derivative / convertible security · Conversion / exercise price $400.00 · Expires 2026-04-17 | IndirectECG II SPE, LLC | 0 |
Reported balance
After 2026-04-17 transaction · row 1
Instrument identity requires review; Table II rows are not merged.
1 source rowRow 1 · 2026-04-17 · Other · Disposed 4,000,000 · Balance 0 F1: The covered call options represented the option holder's right to purchase, and the option seller's obligation to sell, the underlying shares at the specified strike price. The covered call options were held directly by ECG II SPE, LLC ("E-SPE"), an entity wholly owned and controlled by Mr. Garcia. F2: This Form 4 is being filed on a voluntary basis to report, in advance, the expiration of the covered call options that would otherwise be reportable on Form 5 for the year ended December 31, 2026. F3: On May 9, 2025, E-SPE entered into a European-style covered call option transaction with an unaffiliated third-party purchaser. Under the terms of the transaction, E-SPE sold 4,000,000 covered call options, each referencing one share of the Issuer's Class A common stock, exercisable only on the expiration date, with an expiration date of April 17, 2026. In exchange for selling these options, E-SPE received a cash premium of $24.75 per option, which was paid in May 2025. The options were out of the money on the expiration date and expired without being exercised. |
| Covered Call Option (Obligation to Sell)SEC Table II · derivative / convertible security · Conversion / exercise price $450.00 · Expires 2027-05-21 | IndirectECG II SPE, LLC | 2,000,000 |
Reported balance
After 2026-05-01 transaction · row 2
Instrument identity requires review; Table II rows are not merged.
1 source rowRow 2 · 2026-05-01 · Sale · Disposed 2,000,000 · Balance 2,000,000 F4: On May 1, 2026, E-SPE entered into a European-style covered call option transaction with an unaffiliated third-party purchaser. Under the terms of this transaction, E-SPE sold 4,000,000 covered call options, comprised of 2,000,000 covered call options with an exercise price of $450.00 and 2,000,000 covered call options with an exercise price of $500.00, each referencing one share of the Issuer's Class A common stock, with an expiration date of May 21, 2027. In exchange for selling these options, E-SPE received a cash premium of $68.0575 per option. F5: E-SPE pledged 4,000,000 shares of the Issuer's Class B common stock and 5,000,000 units of Carvana Group, LLC Class A units (collectively, the "Pledged Shares") to secure its obligations under the transaction. During the term of the pledge, E-SPE retains the right to vote the Pledged Shares and retains investment/dispositive power over the Pledged Shares, subject to the terms of the pledge arrangements. F1: The covered call options represented the option holder's right to purchase, and the option seller's obligation to sell, the underlying shares at the specified strike price. The covered call options were held directly by ECG II SPE, LLC ("E-SPE"), an entity wholly owned and controlled by Mr. Garcia. |
| Covered Call Option (Obligation to Sell)SEC Table II · derivative / convertible security · Conversion / exercise price $500.00 · Expires 2027-05-21 | IndirectECG II SPE, LLC | 2,000,000 |
Reported balance
After 2026-05-01 transaction · row 3
Instrument identity requires review; Table II rows are not merged.
1 source rowRow 3 · 2026-05-01 · Sale · Disposed 2,000,000 · Balance 2,000,000 F4: On May 1, 2026, E-SPE entered into a European-style covered call option transaction with an unaffiliated third-party purchaser. Under the terms of this transaction, E-SPE sold 4,000,000 covered call options, comprised of 2,000,000 covered call options with an exercise price of $450.00 and 2,000,000 covered call options with an exercise price of $500.00, each referencing one share of the Issuer's Class A common stock, with an expiration date of May 21, 2027. In exchange for selling these options, E-SPE received a cash premium of $68.0575 per option. F5: E-SPE pledged 4,000,000 shares of the Issuer's Class B common stock and 5,000,000 units of Carvana Group, LLC Class A units (collectively, the "Pledged Shares") to secure its obligations under the transaction. During the term of the pledge, E-SPE retains the right to vote the Pledged Shares and retains investment/dispositive power over the Pledged Shares, subject to the terms of the pledge arrangements. F1: The covered call options represented the option holder's right to purchase, and the option seller's obligation to sell, the underlying shares at the specified strike price. The covered call options were held directly by ECG II SPE, LLC ("E-SPE"), an entity wholly owned and controlled by Mr. Garcia. |
Filing footnotes · ownership attribution and instrument terms
F1: The covered call options represented the option holder's right to purchase, and the option seller's obligation to sell, the underlying shares at the specified strike price. The covered call options were held directly by ECG II SPE, LLC ("E-SPE"), an entity wholly owned and controlled by Mr. Garcia.
F2: This Form 4 is being filed on a voluntary basis to report, in advance, the expiration of the covered call options that would otherwise be reportable on Form 5 for the year ended December 31, 2026.
F3: On May 9, 2025, E-SPE entered into a European-style covered call option transaction with an unaffiliated third-party purchaser. Under the terms of the transaction, E-SPE sold 4,000,000 covered call options, each referencing one share of the Issuer's Class A common stock, exercisable only on the expiration date, with an expiration date of April 17, 2026. In exchange for selling these options, E-SPE received a cash premium of $24.75 per option, which was paid in May 2025. The options were out of the money on the expiration date and expired without being exercised.
F4: On May 1, 2026, E-SPE entered into a European-style covered call option transaction with an unaffiliated third-party purchaser. Under the terms of this transaction, E-SPE sold 4,000,000 covered call options, comprised of 2,000,000 covered call options with an exercise price of $450.00 and 2,000,000 covered call options with an exercise price of $500.00, each referencing one share of the Issuer's Class A common stock, with an expiration date of May 21, 2027. In exchange for selling these options, E-SPE received a cash premium of $68.0575 per option.
F5: E-SPE pledged 4,000,000 shares of the Issuer's Class B common stock and 5,000,000 units of Carvana Group, LLC Class A units (collectively, the "Pledged Shares") to secure its obligations under the transaction. During the term of the pledge, E-SPE retains the right to vote the Pledged Shares and retains investment/dispositive power over the Pledged Shares, subject to the terms of the pledge arrangements.
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 |
|---|---|---|---|---|---|---|
| August 16, 2021 Filed Aug 17, 2021 19:39 UTC | CARVANA CO. CVNA · Entity 2331 | ConversionClass A Common Stock | 5,800 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-21-051811 · doc4.xml · nonDerivative · entry 3 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 5,800 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer 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 (the "Exchange Agreement"). Read SEC document |
| August 16, 2021 Filed Aug 17, 2021 19:39 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 1,100 | $354.79 | $390,272.74 |
DisclosureSEC source: 0001209191-21-051811 · doc4.xml · nonDerivative · entry 2 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on June 15, 2020, as modified. F3 · price: Column 4 reflects a weighted average price. Shares sold in multiple transactions at prices ranging from $354.1275-$355.11 (weighted average $354.7934); $355.14-$356.135 (weighted average $355.6981); $356.15-$357.14 (weighted average $356.6309); $357.16-$358.15 (weighted average $357.5986); $358.16-$359.145 (weighted average $358.6327); $359.16-$360.08 (weighted average $359.6617); $360.20-$361.19 (weighted average $360.8899); $361.20-$362.17 (weighted average $361.5074); $362.36-$363.335 (weighted average $362.7725); and $363.375-$364.08 (weighted average $363.6755), respectively. Reporting person undertakes to provide issuer, securityholder of issuer or SEC staff, upon request, information regarding number of shares sold at each separate price within ranges set forth herein. Read SEC document |
| August 16, 2021 Filed Aug 17, 2021 19:39 UTC | CARVANA CO. CVNA · Entity 2331 | ConversionClass A Common Stock | 1,100 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-21-051811 · doc4.xml · nonDerivative · entry 1 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 1,100 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer 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 (the "Exchange Agreement"). Read SEC document |
| August 13, 2021 Filed Aug 17, 2021 19:34 UTC | CARVANA CO. CVNA · Entity 2331 | ConversionClass A Units · Derivative | 75,000 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-21-051809 · doc4.xml · derivative · entry 15 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 49,097,781 Underlying: Class A Common Stock · 60,000 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · derivative.exercise_price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer 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 (the "Exchange Agreement"). F1 · derivative.exercise_date: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer 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 (the "Exchange Agreement"). F1 · derivative.expiration_date: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer 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 (the "Exchange Agreement"). Read SEC document |
| August 13, 2021 Filed Aug 17, 2021 19:34 UTC | CARVANA CO. CVNA · Entity 2331 | OtherClass B Common Stock | 60,000 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-21-051809 · doc4.xml · nonDerivative · entry 11 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 39,278,225 F6 · price: Reflects the cancellation for no consideration of Class B Common Stock of the Issuer ("Class B Shares") in connection with the conversion of Class A Units into Class A Shares. Following the reported transaction, the remaining Class B Shares are owned directly by Ernest C. Garcia II. Read SEC document |
| August 13, 2021 Filed Aug 17, 2021 19:34 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 8,080 | $361.15 | $2,918,085.54 |
DisclosureSEC source: 0001209191-21-051809 · doc4.xml · nonDerivative · entry 8 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on June 15, 2020, as modified. F3 · price: Column 4 reflects a weighted average price. Shares sold in multiple transactions at prices ranging from $357.82-$358.74 (weighted average $358.3937); $358.82-$359.81 (weighted average $359.3328); $359.82-$360.81 (weighted average $360.3863); and $360.82-$361.70 (weighted average $361.1492), respectively. Reporting person undertakes to provide issuer, securityholder of issuer or SEC staff, upon request, information regarding number of shares sold at each separate price within ranges set forth herein. Read SEC document |
| August 13, 2021 Filed Aug 17, 2021 19:34 UTC | CARVANA CO. CVNA · Entity 2331 | ConversionClass A Common Stock | 8,080 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-21-051809 · doc4.xml · nonDerivative · entry 7 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 8,080 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer 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 (the "Exchange Agreement"). Read SEC document |
| August 13, 2021 Filed Aug 17, 2021 19:34 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 29,597 | $360.39 | $10,666,353.32 |
DisclosureSEC source: 0001209191-21-051809 · doc4.xml · nonDerivative · entry 6 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on June 15, 2020, as modified. F3 · price: Column 4 reflects a weighted average price. Shares sold in multiple transactions at prices ranging from $357.82-$358.74 (weighted average $358.3937); $358.82-$359.81 (weighted average $359.3328); $359.82-$360.81 (weighted average $360.3863); and $360.82-$361.70 (weighted average $361.1492), respectively. Reporting person undertakes to provide issuer, securityholder of issuer or SEC staff, upon request, information regarding number of shares sold at each separate price within ranges set forth herein. Read SEC document |
| August 13, 2021 Filed Aug 17, 2021 19:34 UTC | CARVANA CO. CVNA · Entity 2331 | ConversionClass A Common Stock | 29,597 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-21-051809 · doc4.xml · nonDerivative · entry 5 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 29,597 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer 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 (the "Exchange Agreement"). Read SEC document |
| August 13, 2021 Filed Aug 17, 2021 19:34 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 17,200 | $359.33 | $6,180,524.16 |
DisclosureSEC source: 0001209191-21-051809 · doc4.xml · nonDerivative · entry 4 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on June 15, 2020, as modified. F3 · price: Column 4 reflects a weighted average price. Shares sold in multiple transactions at prices ranging from $357.82-$358.74 (weighted average $358.3937); $358.82-$359.81 (weighted average $359.3328); $359.82-$360.81 (weighted average $360.3863); and $360.82-$361.70 (weighted average $361.1492), respectively. Reporting person undertakes to provide issuer, securityholder of issuer or SEC staff, upon request, information regarding number of shares sold at each separate price within ranges set forth herein. Read SEC document |
| August 13, 2021 Filed Aug 17, 2021 19:34 UTC | CARVANA CO. CVNA · Entity 2331 | ConversionClass A Common Stock | 17,200 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-21-051809 · doc4.xml · nonDerivative · entry 3 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 17,200 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer 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 (the "Exchange Agreement"). Read SEC document |
| August 13, 2021 Filed Aug 17, 2021 19:34 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 5,123 | $358.39 | $1,836,050.93 |
DisclosureSEC source: 0001209191-21-051809 · doc4.xml · nonDerivative · entry 2 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on June 15, 2020, as modified. F3 · price: Column 4 reflects a weighted average price. Shares sold in multiple transactions at prices ranging from $357.82-$358.74 (weighted average $358.3937); $358.82-$359.81 (weighted average $359.3328); $359.82-$360.81 (weighted average $360.3863); and $360.82-$361.70 (weighted average $361.1492), respectively. Reporting person undertakes to provide issuer, securityholder of issuer or SEC staff, upon request, information regarding number of shares sold at each separate price within ranges set forth herein. Read SEC document |
| August 13, 2021 Filed Aug 17, 2021 19:34 UTC | CARVANA CO. CVNA · Entity 2331 | ConversionClass A Common Stock | 5,123 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-21-051809 · doc4.xml · nonDerivative · entry 1 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 5,123 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer 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 (the "Exchange Agreement"). Read SEC document |
| August 12, 2021 Filed Aug 14, 2021 01:06 UTC | CARVANA CO. CVNA · Entity 2331 | ConversionClass A Units · Derivative | 75,000 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-21-051512 · doc4.xml · derivative · entry 23 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 49,172,781 Underlying: Class A Common Stock · 60,000 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · derivative.exercise_price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer 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 (the "Exchange Agreement"). F1 · derivative.exercise_date: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer 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 (the "Exchange Agreement"). F1 · derivative.expiration_date: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer 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 (the "Exchange Agreement"). Read SEC document |
| August 12, 2021 Filed Aug 14, 2021 01:06 UTC | CARVANA CO. CVNA · Entity 2331 | OtherClass B Common Stock | 60,000 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-21-051512 · doc4.xml · nonDerivative · entry 19 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 39,338,225 F6 · price: Reflects the cancellation for no consideration of Class B Common Stock of the Issuer ("Class B Shares") in connection with the conversion of Class A Units into Class A Shares. Following the reported transaction, the remaining Class B Shares are owned directly by Ernest C. Garcia II. Read SEC document |
| August 12, 2021 Filed Aug 14, 2021 01:06 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 2,100 | $364.31 | $765,043.65 |
DisclosureSEC source: 0001209191-21-051512 · doc4.xml · nonDerivative · entry 16 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on June 15, 2020, as modified. F3 · price: Column 4 reflects a weighted average price. Shares sold in multiple transactions at prices ranging from $356.96-$357.93 (weighted average $357.5125); $357.97-$358.95 (weighted average $358.4527); $358.97-$359.96 (weighted average $359.4202); $359.98-$360.97 (weighted average $360.4869); $360.99-$361.955 (weighted average $361.3814); $361.99-$362.96 (weighted average $362.5308); $363.005-$363.99 (weighted average $363.3543); and $364.05-$364.78 (weighted average $364.3065), respectively. Reporting person undertakes to provide issuer, securityholder of issuer or SEC staff, upon request, information regarding number of shares sold at each separate price within ranges set forth herein. Read SEC document |
| August 12, 2021 Filed Aug 14, 2021 01:06 UTC | CARVANA CO. CVNA · Entity 2331 | ConversionClass A Common Stock | 2,100 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-21-051512 · doc4.xml · nonDerivative · entry 15 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,100 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer 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 (the "Exchange Agreement"). Read SEC document |
| August 12, 2021 Filed Aug 14, 2021 01:06 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 3,300 | $363.35 | $1,199,069.19 |
DisclosureSEC source: 0001209191-21-051512 · doc4.xml · nonDerivative · entry 14 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on June 15, 2020, as modified. F3 · price: Column 4 reflects a weighted average price. Shares sold in multiple transactions at prices ranging from $356.96-$357.93 (weighted average $357.5125); $357.97-$358.95 (weighted average $358.4527); $358.97-$359.96 (weighted average $359.4202); $359.98-$360.97 (weighted average $360.4869); $360.99-$361.955 (weighted average $361.3814); $361.99-$362.96 (weighted average $362.5308); $363.005-$363.99 (weighted average $363.3543); and $364.05-$364.78 (weighted average $364.3065), respectively. Reporting person undertakes to provide issuer, securityholder of issuer or SEC staff, upon request, information regarding number of shares sold at each separate price within ranges set forth herein. Read SEC document |
| August 12, 2021 Filed Aug 14, 2021 01:06 UTC | CARVANA CO. CVNA · Entity 2331 | ConversionClass A Common Stock | 3,300 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-21-051512 · doc4.xml · nonDerivative · entry 13 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 3,300 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer 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 (the "Exchange Agreement"). Read SEC document |
| August 12, 2021 Filed Aug 14, 2021 01:06 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 4,650 | $362.53 | $1,685,768.22 |
DisclosureSEC source: 0001209191-21-051512 · doc4.xml · nonDerivative · entry 12 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on June 15, 2020, as modified. F3 · price: Column 4 reflects a weighted average price. Shares sold in multiple transactions at prices ranging from $356.96-$357.93 (weighted average $357.5125); $357.97-$358.95 (weighted average $358.4527); $358.97-$359.96 (weighted average $359.4202); $359.98-$360.97 (weighted average $360.4869); $360.99-$361.955 (weighted average $361.3814); $361.99-$362.96 (weighted average $362.5308); $363.005-$363.99 (weighted average $363.3543); and $364.05-$364.78 (weighted average $364.3065), respectively. Reporting person undertakes to provide issuer, securityholder of issuer or SEC staff, upon request, information regarding number of shares sold at each separate price within ranges set forth herein. Read SEC document |
| August 12, 2021 Filed Aug 14, 2021 01:06 UTC | CARVANA CO. CVNA · Entity 2331 | ConversionClass A Common Stock | 4,650 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-21-051512 · doc4.xml · nonDerivative · entry 11 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 4,650 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer 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 (the "Exchange Agreement"). Read SEC document |
| August 12, 2021 Filed Aug 14, 2021 01:06 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 12,501 | $361.38 | $4,517,628.88 |
DisclosureSEC source: 0001209191-21-051512 · doc4.xml · nonDerivative · entry 10 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on June 15, 2020, as modified. F3 · price: Column 4 reflects a weighted average price. Shares sold in multiple transactions at prices ranging from $356.96-$357.93 (weighted average $357.5125); $357.97-$358.95 (weighted average $358.4527); $358.97-$359.96 (weighted average $359.4202); $359.98-$360.97 (weighted average $360.4869); $360.99-$361.955 (weighted average $361.3814); $361.99-$362.96 (weighted average $362.5308); $363.005-$363.99 (weighted average $363.3543); and $364.05-$364.78 (weighted average $364.3065), respectively. Reporting person undertakes to provide issuer, securityholder of issuer or SEC staff, upon request, information regarding number of shares sold at each separate price within ranges set forth herein. Read SEC document |
| August 12, 2021 Filed Aug 14, 2021 01:06 UTC | CARVANA CO. CVNA · Entity 2331 | ConversionClass A Common Stock | 12,501 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-21-051512 · doc4.xml · nonDerivative · entry 9 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 12,501 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer 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 (the "Exchange Agreement"). Read SEC document |
| August 12, 2021 Filed Aug 14, 2021 01:06 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 6,899 | $360.49 | $2,486,999.12 |
DisclosureSEC source: 0001209191-21-051512 · doc4.xml · nonDerivative · entry 8 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on June 15, 2020, as modified. F3 · price: Column 4 reflects a weighted average price. Shares sold in multiple transactions at prices ranging from $356.96-$357.93 (weighted average $357.5125); $357.97-$358.95 (weighted average $358.4527); $358.97-$359.96 (weighted average $359.4202); $359.98-$360.97 (weighted average $360.4869); $360.99-$361.955 (weighted average $361.3814); $361.99-$362.96 (weighted average $362.5308); $363.005-$363.99 (weighted average $363.3543); and $364.05-$364.78 (weighted average $364.3065), respectively. Reporting person undertakes to provide issuer, securityholder of issuer or SEC staff, upon request, information regarding number of shares sold at each separate price within ranges set forth herein. Read SEC document |
| August 12, 2021 Filed Aug 14, 2021 01:06 UTC | CARVANA CO. CVNA · Entity 2331 | ConversionClass A Common Stock | 6,899 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-21-051512 · doc4.xml · nonDerivative · entry 7 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 6,899 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer 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 (the "Exchange Agreement"). Read SEC document |
| August 12, 2021 Filed Aug 14, 2021 01:06 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 9,393 | $359.42 | $3,376,033.94 |
DisclosureSEC source: 0001209191-21-051512 · doc4.xml · nonDerivative · entry 6 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on June 15, 2020, as modified. F3 · price: Column 4 reflects a weighted average price. Shares sold in multiple transactions at prices ranging from $356.96-$357.93 (weighted average $357.5125); $357.97-$358.95 (weighted average $358.4527); $358.97-$359.96 (weighted average $359.4202); $359.98-$360.97 (weighted average $360.4869); $360.99-$361.955 (weighted average $361.3814); $361.99-$362.96 (weighted average $362.5308); $363.005-$363.99 (weighted average $363.3543); and $364.05-$364.78 (weighted average $364.3065), respectively. Reporting person undertakes to provide issuer, securityholder of issuer or SEC staff, upon request, information regarding number of shares sold at each separate price within ranges set forth herein. Read SEC document |
| August 12, 2021 Filed Aug 14, 2021 01:06 UTC | CARVANA CO. CVNA · Entity 2331 | ConversionClass A Common Stock | 9,393 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-21-051512 · doc4.xml · nonDerivative · entry 5 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 9,393 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer 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 (the "Exchange Agreement"). Read SEC document |
| August 12, 2021 Filed Aug 14, 2021 01:06 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 13,678 | $358.45 | $4,902,916.03 |
DisclosureSEC source: 0001209191-21-051512 · doc4.xml · nonDerivative · entry 4 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on June 15, 2020, as modified. F3 · price: Column 4 reflects a weighted average price. Shares sold in multiple transactions at prices ranging from $356.96-$357.93 (weighted average $357.5125); $357.97-$358.95 (weighted average $358.4527); $358.97-$359.96 (weighted average $359.4202); $359.98-$360.97 (weighted average $360.4869); $360.99-$361.955 (weighted average $361.3814); $361.99-$362.96 (weighted average $362.5308); $363.005-$363.99 (weighted average $363.3543); and $364.05-$364.78 (weighted average $364.3065), respectively. Reporting person undertakes to provide issuer, securityholder of issuer or SEC staff, upon request, information regarding number of shares sold at each separate price within ranges set forth herein. Read SEC document |
| August 12, 2021 Filed Aug 14, 2021 01:06 UTC | CARVANA CO. CVNA · Entity 2331 | ConversionClass A Common Stock | 13,678 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-21-051512 · doc4.xml · nonDerivative · entry 3 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 13,678 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer 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 (the "Exchange Agreement"). Read SEC document |
| August 12, 2021 Filed Aug 14, 2021 01:06 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 7,479 | $357.51 | $2,673,835.99 |
DisclosureSEC source: 0001209191-21-051512 · doc4.xml · nonDerivative · entry 2 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on June 15, 2020, as modified. F3 · price: Column 4 reflects a weighted average price. Shares sold in multiple transactions at prices ranging from $356.96-$357.93 (weighted average $357.5125); $357.97-$358.95 (weighted average $358.4527); $358.97-$359.96 (weighted average $359.4202); $359.98-$360.97 (weighted average $360.4869); $360.99-$361.955 (weighted average $361.3814); $361.99-$362.96 (weighted average $362.5308); $363.005-$363.99 (weighted average $363.3543); and $364.05-$364.78 (weighted average $364.3065), respectively. Reporting person undertakes to provide issuer, securityholder of issuer or SEC staff, upon request, information regarding number of shares sold at each separate price within ranges set forth herein. Read SEC document |
| August 12, 2021 Filed Aug 14, 2021 01:06 UTC | CARVANA CO. CVNA · Entity 2331 | ConversionClass A Common Stock | 7,479 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-21-051512 · doc4.xml · nonDerivative · entry 1 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 7,479 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer 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 (the "Exchange Agreement"). Read SEC document |
| August 11, 2021 Filed Aug 14, 2021 01:06 UTC | CARVANA CO. CVNA · Entity 2331 | ConversionClass A Units · Derivative | 8,509 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-21-051511 · doc4.xml · derivative · entry 17 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 49,247,781 Underlying: Class A Common Stock · 6,807 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · derivative.exercise_price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer 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 (the "Exchange Agreement"). F1 · derivative.exercise_date: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer 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 (the "Exchange Agreement"). F1 · derivative.expiration_date: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer 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 (the "Exchange Agreement"). Read SEC document |
| August 11, 2021 Filed Aug 14, 2021 01:06 UTC | CARVANA CO. CVNA · Entity 2331 | OtherClass B Common Stock | 6,807 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-21-051511 · doc4.xml · nonDerivative · entry 13 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 39,398,225 F6 · price: Reflects the cancellation for no consideration of Class B Common Stock of the Issuer ("Class B Shares") in connection with the conversion of Class A Units into Class A Shares. Following the reported transaction, the remaining Class B Shares are owned directly by Ernest C. Garcia II. Read SEC document |
| August 11, 2021 Filed Aug 14, 2021 01:06 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 1,200 | $374.61 | $449,534.76 |
DisclosureSEC source: 0001209191-21-051511 · doc4.xml · nonDerivative · entry 10 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on June 15, 2020, as modified. F3 · price: Column 4 reflects a weighted average price. Shares sold in multiple transactions at prices ranging from$369.46-$370.45 (weighted average $369.9037); $370.59-$370.99 (weighted average $370.8217); $371.60-$372.535 (weighted average $372.2887); $372.61-$373.60 (weighted average $372.9577); and $374.115-$374.99 (weighted average $374.6123), respectively. Reporting person undertakes to provide issuer, securityholder of issuer or SEC staff, upon request, information regarding number of shares sold at each separate price within ranges set forth herein. Read SEC document |
| August 11, 2021 Filed Aug 14, 2021 01:06 UTC | CARVANA CO. CVNA · Entity 2331 | ConversionClass A Common Stock | 1,200 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-21-051511 · doc4.xml · nonDerivative · entry 9 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 1,200 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer 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 (the "Exchange Agreement"). Read SEC document |
| August 11, 2021 Filed Aug 14, 2021 01:06 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 1,900 | $372.96 | $708,619.63 |
DisclosureSEC source: 0001209191-21-051511 · doc4.xml · nonDerivative · entry 8 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on June 15, 2020, as modified. F3 · price: Column 4 reflects a weighted average price. Shares sold in multiple transactions at prices ranging from$369.46-$370.45 (weighted average $369.9037); $370.59-$370.99 (weighted average $370.8217); $371.60-$372.535 (weighted average $372.2887); $372.61-$373.60 (weighted average $372.9577); and $374.115-$374.99 (weighted average $374.6123), respectively. Reporting person undertakes to provide issuer, securityholder of issuer or SEC staff, upon request, information regarding number of shares sold at each separate price within ranges set forth herein. Read SEC document |
| August 11, 2021 Filed Aug 14, 2021 01:06 UTC | CARVANA CO. CVNA · Entity 2331 | ConversionClass A Common Stock | 1,900 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-21-051511 · doc4.xml · nonDerivative · entry 7 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 1,900 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer 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 (the "Exchange Agreement"). Read SEC document |
| August 11, 2021 Filed Aug 14, 2021 01:06 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 1,200 | $372.29 | $446,746.44 |
DisclosureSEC source: 0001209191-21-051511 · doc4.xml · nonDerivative · entry 6 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on June 15, 2020, as modified. F3 · price: Column 4 reflects a weighted average price. Shares sold in multiple transactions at prices ranging from$369.46-$370.45 (weighted average $369.9037); $370.59-$370.99 (weighted average $370.8217); $371.60-$372.535 (weighted average $372.2887); $372.61-$373.60 (weighted average $372.9577); and $374.115-$374.99 (weighted average $374.6123), respectively. Reporting person undertakes to provide issuer, securityholder of issuer or SEC staff, upon request, information regarding number of shares sold at each separate price within ranges set forth herein. Read SEC document |
| August 11, 2021 Filed Aug 14, 2021 01:06 UTC | CARVANA CO. CVNA · Entity 2331 | ConversionClass A Common Stock | 1,200 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-21-051511 · doc4.xml · nonDerivative · entry 5 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 1,200 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer 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 (the "Exchange Agreement"). Read SEC document |
| August 11, 2021 Filed Aug 14, 2021 01:06 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 600 | $370.82 | $222,493.02 |
DisclosureSEC source: 0001209191-21-051511 · doc4.xml · nonDerivative · entry 4 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on June 15, 2020, as modified. F3 · price: Column 4 reflects a weighted average price. Shares sold in multiple transactions at prices ranging from$369.46-$370.45 (weighted average $369.9037); $370.59-$370.99 (weighted average $370.8217); $371.60-$372.535 (weighted average $372.2887); $372.61-$373.60 (weighted average $372.9577); and $374.115-$374.99 (weighted average $374.6123), respectively. Reporting person undertakes to provide issuer, securityholder of issuer or SEC staff, upon request, information regarding number of shares sold at each separate price within ranges set forth herein. Read SEC document |
| August 11, 2021 Filed Aug 14, 2021 01:06 UTC | CARVANA CO. CVNA · Entity 2331 | ConversionClass A Common Stock | 600 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-21-051511 · doc4.xml · nonDerivative · entry 3 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 600 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer 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 (the "Exchange Agreement"). Read SEC document |
| August 11, 2021 Filed Aug 14, 2021 01:06 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 1,907 | $369.90 | $705,406.36 |
DisclosureSEC source: 0001209191-21-051511 · doc4.xml · nonDerivative · entry 2 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on June 15, 2020, as modified. F3 · price: Column 4 reflects a weighted average price. Shares sold in multiple transactions at prices ranging from$369.46-$370.45 (weighted average $369.9037); $370.59-$370.99 (weighted average $370.8217); $371.60-$372.535 (weighted average $372.2887); $372.61-$373.60 (weighted average $372.9577); and $374.115-$374.99 (weighted average $374.6123), respectively. Reporting person undertakes to provide issuer, securityholder of issuer or SEC staff, upon request, information regarding number of shares sold at each separate price within ranges set forth herein. Read SEC document |
| August 11, 2021 Filed Aug 14, 2021 01:06 UTC | CARVANA CO. CVNA · Entity 2331 | ConversionClass A Common Stock | 1,907 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-21-051511 · doc4.xml · nonDerivative · entry 1 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 1,907 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer 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 (the "Exchange Agreement"). Read SEC document |
| August 11, 2021 Filed Aug 14, 2021 01:05 UTC | CARVANA CO. CVNA · Entity 2331 | ConversionClass A Units · Derivative | 66,491 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-21-051510 · doc4.xml · derivative · entry 31 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 49,256,290 Underlying: Class A Common Stock · 53,193 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · derivative.exercise_price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer 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 (the "Exchange Agreement"). F1 · derivative.exercise_date: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer 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 (the "Exchange Agreement"). F1 · derivative.expiration_date: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer 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 (the "Exchange Agreement"). Read SEC document |
| August 11, 2021 Filed Aug 14, 2021 01:05 UTC | CARVANA CO. CVNA · Entity 2331 | OtherClass B Common Stock | 53,193 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-21-051510 · doc4.xml · nonDerivative · entry 27 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 39,405,032 F6 · price: Reflects the cancellation for no consideration of Class B Common Stock of the Issuer ("Class B Shares") in connection with the conversion of Class A Units into Class A Shares. Following the reported transaction, the remaining Class B Shares are owned directly by Ernest C. Garcia II. Read SEC document |
| August 11, 2021 Filed Aug 14, 2021 01:05 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 2,794 | $368.75 | $1,030,291.97 |
DisclosureSEC source: 0001209191-21-051510 · doc4.xml · nonDerivative · entry 24 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on June 15, 2020, as modified. F3 · price: Column 4 reflects a weighted average price. Shares sold in multiple transactions at prices ranging from $356.97-$357.96 (weighted average $357.5774); $357.97-$358.96 (weighted average $358.4084); $358.97-$359.95 (weighted average $359.5986); $359.98-$360.97 (weighted average $360.4531); $360.98-$361.97 (weighted average $361.3511); $362.05-$363.04 (weighted average $362.576); $363.165-$364.11 (weighted average $363.5371); $364.29-$365.28 (weighted average $364.7714); $365.29-$366.27 (weighted average $365.8109); $366.30-$367.27 (weighted average $366.7861); $367.34-$368.18 (weighted average $367.6764); and $368.38-$369.33 (weighted average $368.7516), respectively. Reporting person undertakes to provide issuer, securityholder of issuer or SEC staff, upon request, information regarding number of shares sold at each separate price within ranges set forth herein. Read SEC document |
| August 11, 2021 Filed Aug 14, 2021 01:05 UTC | CARVANA CO. CVNA · Entity 2331 | ConversionClass A Common Stock | 2,794 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-21-051510 · doc4.xml · nonDerivative · entry 23 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,794 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer 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 (the "Exchange Agreement"). Read SEC document |
| August 11, 2021 Filed Aug 14, 2021 01:05 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 2,701 | $367.68 | $993,093.96 |
DisclosureSEC source: 0001209191-21-051510 · doc4.xml · nonDerivative · entry 22 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on June 15, 2020, as modified. F3 · price: Column 4 reflects a weighted average price. Shares sold in multiple transactions at prices ranging from $356.97-$357.96 (weighted average $357.5774); $357.97-$358.96 (weighted average $358.4084); $358.97-$359.95 (weighted average $359.5986); $359.98-$360.97 (weighted average $360.4531); $360.98-$361.97 (weighted average $361.3511); $362.05-$363.04 (weighted average $362.576); $363.165-$364.11 (weighted average $363.5371); $364.29-$365.28 (weighted average $364.7714); $365.29-$366.27 (weighted average $365.8109); $366.30-$367.27 (weighted average $366.7861); $367.34-$368.18 (weighted average $367.6764); and $368.38-$369.33 (weighted average $368.7516), respectively. Reporting person undertakes to provide issuer, securityholder of issuer or SEC staff, upon request, information regarding number of shares sold at each separate price within ranges set forth herein. Read SEC document |
| August 11, 2021 Filed Aug 14, 2021 01:05 UTC | CARVANA CO. CVNA · Entity 2331 | ConversionClass A Common Stock | 2,701 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-21-051510 · doc4.xml · nonDerivative · entry 21 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,701 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer 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 (the "Exchange Agreement"). Read SEC document |
| August 11, 2021 Filed Aug 14, 2021 01:05 UTC | CARVANA CO. CVNA · Entity 2331 | SaleClass A Common Stock | 3,722 | $366.79 | $1,365,177.86 |
DisclosureSEC source: 0001209191-21-051510 · doc4.xml · nonDerivative · entry 20 GARCIA ERNEST C. II · CIK 0001017608 · 10% owner VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on June 15, 2020, as modified. F3 · price: Column 4 reflects a weighted average price. Shares sold in multiple transactions at prices ranging from $356.97-$357.96 (weighted average $357.5774); $357.97-$358.96 (weighted average $358.4084); $358.97-$359.95 (weighted average $359.5986); $359.98-$360.97 (weighted average $360.4531); $360.98-$361.97 (weighted average $361.3511); $362.05-$363.04 (weighted average $362.576); $363.165-$364.11 (weighted average $363.5371); $364.29-$365.28 (weighted average $364.7714); $365.29-$366.27 (weighted average $365.8109); $366.30-$367.27 (weighted average $366.7861); $367.34-$368.18 (weighted average $367.6764); and $368.38-$369.33 (weighted average $368.7516), respectively. Reporting person undertakes to provide issuer, securityholder of issuer or SEC staff, upon request, information regarding number of shares sold at each separate price within ranges set forth herein. 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.