Sec Form 3 Filing - Taira Thomas @ CARVANA CO. - 2021-03-22

FORM 3 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Taira Thomas 2. Issuer Name and Ticker or Trading Symbol CARVANA CO. [ CVNA] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) President, Special Projects (Last) (First) (Middle) 1930 W RIO SALADO PKWY 3. Date of Earliest Transaction (MM/DD/YY) 03/22/2021 (Street) TEMPE, AZ85281 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class A Common Stock 46,160 ( 1 ) D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Stock Options (Right to Buy) $ 296.05 04/01/2022( 2 ) 02/14/2031 Class A Common Stock 9,973 D < /span> Stock Options (Right to Buy) $ 88.62 04/01/2021( 3 ) 02/14/2030 Class A Common Stock 15,878 D Stock Options (Right to Buy) $ 38 04/01/2020( 4 ) 02/25/2029 Class A Common Stock 27,667 D Stock Options (Right to Buy) $ 52.66 10/01/2019( 5 ) 10/09/2028 Class A Common Stock 27,426 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Taira Thomas 1930 W RIO SALADO PKWY TEMPE, AZ85281 President, Special Projects Signatures /s/ Paul Breaux, by Power of Attorney for Thomas Taira 04/01/2021 Signature of Reporting Person Date

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.

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 4(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).

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