SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Taira Thomas

(Last)

(First)

(Middle)

1930 W RIO SALADO PKWY

(Street)

TEMPE

85281

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/22/2021

3. Issuer Name and Ticker or Trading Symbol
CARVANA CO. [ CVNA ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President, Special Projects

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock	46,160⁽¹⁾	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Options (Right to Buy)	04/01/2022⁽²⁾	02/14/2031	Class A Common Stock	9,973	$296.05	D
Stock Options (Right to Buy)	04/01/2021⁽³⁾	02/14/2030	Class A Common Stock	15,878	$88.62	D
Stock Options (Right to Buy)	04/01/2020⁽⁴⁾	02/25/2029	Class A Common Stock	27,667	$38	D
Stock Options (Right to Buy)	10/01/2019⁽⁵⁾	10/09/2028	Class A Common Stock	27,426	$52.66	D

Explanation of Responses:

1. Represents shares of Class A Common Stock of Carvana Co. (the "Issuer") underlying restricted stock units ("RSUs") and awards acquired by the Reporting Person including: 2,004 RSUs that vest 25% on April 1, 2022 and monthly thereafter for the following three years; 3,343 RSUs that vest 25% on April 1, 2021 and monthly thereafter for the following three years; 165 RSUs that vested 100% on November 9, 2019; 6,678 RSUs that vested 39.6% on November 1, 2020 and the remaining 60.4% vests 2 1/12% on the first of each month thereafter; 33,910 restricted stock awards of which 9,856 vested on November 6, 2018 and 12,027 vest on each of May 14, 2020 and November 6, 2021; 14,787 RSUs that vest 25% on October 1, 2019 and monthly thereafter for the following three years. This amount is reduced by shares withheld for taxes upon vest and shares sold. Remaining vests are subject to Reporting Person's continued service with the Issuer.

2. 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, 2022 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

3. 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, 2021 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

4. The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vested 25% on April 1, 2020 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer. This amount excludes 4,000 non-qualified stock options that have been exercised and sold.

5. The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vested 25% on October 1, 2019 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

Remarks:

	/s/ Paul Breaux, by Power of Attorney for Thomas Taira	04/01/2021
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.