Form 4: Carvana Director Michael Maroone Reports Changes in Beneficial Ownership

Michael Maroone, a director at Carvana Co., filed a Form 4 detailing changes in his beneficial ownership of Class A Common Stock due to a transaction on February 29, 2024.

Summary

• On February 29, 2024, Michael Maroone, a director of Carvana Co., reported changes in his beneficial ownership of Class A Common Stock.
• The transaction involved the disposition of 20 shares and the acquisition of 20 shares of Class A Common Stock at $0 per share.
• Following the reported transactions, Maroone directly owns 200,407 shares of Class A Common Stock.
• Maroone also indirectly owns shares through Maroone Management Inc., the Estate of Albert Maroone, the Michael Maroone Family Partnership, LP, the Family Trust FBO Michael E. Maroone, the Katherine C. Maroone Residuary Trust, and the Katherine C. Maroone Marital Trust.
• The filing indicates that the reporting person is also the executor of the Estate of Albert Maroone and trustee/beneficiary of several trusts.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and ownership positions in the company.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership stake of a key company director.

Key Dates