Notice of Proposed Sale · 144
Carvana Co.
CVNANYSEEQUITYCurrent
Notice of Proposed Sale
Structured filing — 144
primary_doc.xml
Notice of proposed sale. The proposed amounts below do not establish that a sale occurred.
Proposed-sale notice
- Issuer
- CARVANA CO.
- Issuer CIK
- 0001690820
- SEC file number
- 001-38073
- Phone
- (480) 719-8809
- Person for whose account securities are to be sold
- GARCIA ERNEST C. II
- Relationships to issuer
- 10% Stockholder
- Street
- 300 E. RIO SALADO PARKWAY
- City
- TEMPE
- State / country code
- AZ
- Postal code
- 85281
Securities proposed for sale
| Security | Proposed units | Aggregate market value | Units outstanding | Approximate sale date | Exchange | Broker / market maker |
|---|---|---|---|---|---|---|
| Class A Common Stock | 10,000,000 | 682,900,000.00 | 722,713,745 | 10/30/2026 | NYSE | Citigroup Global Markets Inc. |
Broker / market maker — proposed row 1, entry 1
- Name
- Citigroup Global Markets Inc.
- Street
- 388 Greenwich Street
- City
- New York
- State / country code
- NY
- Postal code
- 10013
Acquisition of securities to be sold
| Security | Acquired | Nature of acquisition | Acquired from | Amount acquired | Gift transaction | Payment date | Nature of payment |
|---|---|---|---|---|---|---|---|
| Class A Common Stock | 04/27/2017 | Conversion - Exchange of Units | Issuer | 10,000,000 | N | 04/27/2017 | NA |
Prior-sale reporting
- Nothing to report for the preceding three months
- Y
Remarks
The shares to be sold are held by ECG II SPE II, LLC, hereinafter ECG, an entity wholly owned by Ernest C. Garcia II, as Class B Common Stock of issuer and Class A Common Units of Carvana Group, LLC, hereinafter, Underlying Securities. Following procedures described in the interpretive letter from the SEC staff to Bank of America, N.A., Merrill Lynch, Pierce, Fenner & Smith Incorporated, dated December 1, 2011, ECG has entered into covered call transactions relating to Class A Common Stock of issuer with the broker or its affiliate listed in Part 3(b) above, intending to write 10,000,000 covered call options over Class A Common Stock of the issuer, ECG has pledged the Underlying Securities for the transactions.
Notice signature
- Notice date
- 10/30/2026
- Signed
- /s/ Ernest C. Garcia II
Company context
Carvana’s mission is to change the way people buy and sell cars. Since launching in 2013, more than 4 million customers have chosen Carvana’s leading automotive e-commerce experience to shop, sell, finance, and trade in vehicles entirely online, with the convenience of delivery or local pickup as soon as the same day. Carvana’s unique offering is powered by its passionate team, differentiated national infrastructure, and purpose-built technology.