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Carvana(CVNA.US) 10% Shareholder Sells US$16.63 Million in Common Stock

moomoo News ·  May 8 19:47

$Carvana (CVNA.US)$ 10% Shareholder GARCIA ERNEST C. II sold 135K shares of common stock on May 6, 7, 2024 at an average price of $123.1617 for a total value of $16.63 million.

This transaction involves other related parties: VERDE INVESTMENTS, INC. and ECG II SPE, LLC.

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What is statement of changes in beneficial ownership of securities?

It is a requirement under federal securities laws that mandates individuals, including officers, directors, and those who hold more than 10% of any class of a company's securities (collectively known as "insiders"), to report their purchases, sales, and holdings of their company's securities by submitting Forms 3, 4, and 5.

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