X0306 4 2020-04-01 0 0001690820 CARVANA CO. CVNA 0001705079 CVAN Holdings LLC 227 W. MONROE, SUITE 5000 CHICAGO IL 60606 0 0 1 0 0001705178 Delaware Life Holdings Parent, LLC 227 WEST MONROE, SUITE 5000 CHICAGO IL 60606 0 0 1 0 0001705179 Delaware Life Holdings Parent II, LLC 227 WEST MONROE, SUITE 5000 CHICAGO IL 60606 0 0 1 0 0001705180 Delaware Life Holdings Manager, LLC 227 WEST MONROE, SUITE 5000 CHICAGO IL 60606 0 0 1 0 0001705117 Walter Mark 227 WEST MONROE, SUITE 5000 CHICAGO IL 60606 0 0 1 0 Class A Common Stock 2020-04-01 4 P 0 400000 45.00 A 900000 D CVAN Holdings, LLC ("CVAN") purchased the shares from the Issuer in a direct registered offering pursuant to an Investment Agreement, dated as of March 28, 2020. 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/ Joseph Nicosia, Name: Joseph Nicosia, Title: Authorized Person 2020-04-03 Delaware Life Holdings Parent, LLC, By: /s/ Joseph Nicosia, Name: Joseph Nicosia, Title: Authorized Person 2020-04-03 Delaware Life Holdings Parent II, LLC, By: /s/ Joseph Nicosia, Name: Joseph Nicosia, Title: Authorized Person 2020-04-03 Delaware Life Holdings Manager, LLC By: /s/ Joseph Nicosia, Name: Joseph Nicosia Title: Authorized Person 2020-04-03 /s/ Mark Walter 2020-04-03