CVNA.NYSECarvana CO

Form 4: Carvana CEO Ernest Garcia III Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4 Filing

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Carvana's CEO, Ernest Garcia III, reports a transaction involving the withholding of shares for taxes upon vesting of restricted stock units, along with his beneficial ownership through various trusts.

Summary

  • On August 1, 2024, Carvana CEO Ernest Garcia III reported a transaction where 980 shares of Class A Common Stock were disposed of to cover taxes upon the vesting of restricted stock units at a price of $146.52 per share.
  • Following this transaction, Garcia directly owns 893,508 shares of Class A Common Stock.
  • He also indirectly owns 950,000 shares through the Ernest C. Garcia III Multi-Generational Trust III and 850,000 shares through the Ernest Irrevocable 2004 Trust III.
  • Garcia serves as the Co-Administrative Trustee and Co-Investment Trustee for both trusts, granting him shared voting and dispositive power over the shares held by these entities.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions, and does not contain any information that would significantly impact investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the holdings and transactions of key company personnel.

Key Dates

DateDescription
08/01/2024Date of transaction involving the disposal of shares for tax withholding.
08/02/2024Date of signature by Power of Attorney for Ernest C. Garcia, III.

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