X0306 4 2018-04-30 0 0001690820 CARVANA CO. CVNA 0001705079 CVAN Holdings LLC 227 W. MONROE, SUITE 4800 CHICAGO IL 60606 0 0 1 0 0001705178 Delaware Life Holdings Parent, LLC 227 WEST MONROE, SUITE 4800 CHICAGO IL 60606 0 0 1 0 0001705179 Delaware Life Holdings Parent II, LLC 227 WEST MONROE, SUITE 4800 CHICAGO IL 60606 0 0 1 0 0001705180 Delaware Life Holdings Manager, LLC ATTN: JACK SALERNO 227 WEST MONROE, SUITE 4800 CHICAGO IL 60606 0 0 1 0 0001705117 Walter Mark 227 WEST MONROE, SUITE 4800 CHICAGO IL 60606 0 0 1 0 Class A Common Stock 2018-04-30 4 S 0 500000 26.2625 D 500000 D On April 30, 2018, CVAN Holdings, LLC ("CVAN") sold 500,000 shares of Class A common stock, par value $0.001 per share, of the Issuer ("Class A Common Stock") pursuant to an underwriting agreement, dated as of April 25, 2018, by and among the Issuer, Carvana Group, LLC, CVAN and each of the other selling stockholders of the Issuer named therein (the "Selling Stockholders"), and Wells Fargo Securities, LLC and Citigroup Global Markets Inc., as representatives for the each of the underwriters named therein, in connection with a follow-on public offering by the Issuer and the Selling Stockholders. This amount represents the $27.50 public offering price per share of Class A Common Stock less underwriting discounts and commissions. CVAN is a wholly-owned subsidiary of Delaware Life Holdings Parent, LLC ("Parent I"). Parent I is a wholly-owned subsidiary of Delaware Life Holdings Parent II, LLC ("Parent II"). Each of Parent I and Parent II is managed by Delaware Life Holdings Manager, LLC ("Manager") and each of Parent II and Manager is controlled by Mr. Mark Walter ("Mr. Walter"). Each of Parent I, Parent II, Manager and Mr. Walter may be deemed for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, to be the indirect beneficial owner of some or all of the shares owned by CVAN. CVAN Holdings, LLC, By: /s/ Jack Salerno, Vice President 2018-05-02 Delaware Life Holdings Parent, LLC, By: /s/ Jack Salerno, Vice President 2018-05-02 Delaware Life Holdings Parent II, LLC, By: /s/ Jack Salerno, Vice President 2018-05-02 Delaware Life Holdings Manager, LLC, By: /s/ Jack Salerno, Vice President 2018-05-02 /s/ Mark Walter 2018-05-02