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[Form 4] Carvana Co. Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Very Negative)
Form Type
4
Rhea-AI Filing Summary

Lantronix, Inc. (NASDAQ: LTRX) has filed an 8-K announcing a board change under Item 5.02. On 7 July 2025 the Board voted to expand its size from five to six members and appointed James C. Auker as a non-employee director effective 8 July 2025. The appointment fulfills a commitment in a Cooperation Agreement dated 24 June 2025 with Chain of Lakes Investment Fund, LLC and two affiliated shareholders.

Compensation: Mr. Auker will receive director compensation consistent with Lantronix’s standard non-employee director program (summarised in Exhibit 10.32 of the 2022 10-K). Specifically, he will be granted 10,387 restricted stock units (RSUs) under the 2020 Performance Incentive Plan. The award is prorated and vests in full on 5 November 2025.

Governance & Compliance: The Board determined that Mr. Auker meets Nasdaq and SEC independence and financial-literacy requirements. An indemnification agreement identical to existing director agreements will be executed.

Materiality: No related-party transactions requiring disclosure under Item 404(a) were identified. The filing contains no financial performance data or changes to guidance; impact is therefore limited to governance matters.

Lantronix, Inc. (NASDAQ: LTRX) ha presentato un modulo 8-K annunciando una modifica nel consiglio di amministrazione ai sensi del Punto 5.02. Il 7 luglio 2025 il Consiglio ha votato per ampliare il numero dei membri da cinque a sei e ha nominato James C. Auker come amministratore non dipendente a partire dall'8 luglio 2025. Questa nomina realizza un impegno previsto in un Accordo di Cooperazione datato 24 giugno 2025 con Chain of Lakes Investment Fund, LLC e due azionisti affiliati.

Compenso: Il signor Auker riceverà un compenso da amministratore conforme al programma standard di Lantronix per amministratori non dipendenti (riassunto nell'Esibizione 10.32 del 10-K 2022). In particolare, gli saranno assegnate 10.387 unità azionarie vincolate (RSU) nell'ambito del Piano Incentivi 2020. Il premio sarà proporzionato e maturerà integralmente il 5 novembre 2025.

Governance e Conformità: Il Consiglio ha stabilito che il signor Auker soddisfa i requisiti di indipendenza e competenze finanziarie richiesti da Nasdaq e SEC. Verrà stipulato un accordo di indennizzo identico a quelli esistenti per gli amministratori.

Rilevanza: Non sono state individuate operazioni con parti correlate da divulgare ai sensi del Punto 404(a). Il documento non contiene dati sulle performance finanziarie né modifiche alle previsioni; l'impatto si limita quindi alle questioni di governance.

Lantronix, Inc. (NASDAQ: LTRX) ha presentado un formulario 8-K anunciando un cambio en la junta directiva bajo el Punto 5.02. El 7 de julio de 2025, la Junta votó para ampliar su tamaño de cinco a seis miembros y nombró a James C. Auker como director no empleado con efecto a partir del 8 de julio de 2025. Este nombramiento cumple un compromiso establecido en un Acuerdo de Cooperación fechado el 24 de junio de 2025 con Chain of Lakes Investment Fund, LLC y dos accionistas afiliados.

Compensación: El Sr. Auker recibirá una compensación como director conforme al programa estándar de Lantronix para directores no empleados (resumido en el Anexo 10.32 del 10-K 2022). En concreto, se le otorgarán 10,387 unidades restringidas de acciones (RSUs) bajo el Plan de Incentivos 2020. El premio será prorrateado y se consolidará en su totalidad el 5 de noviembre de 2025.

Gobernanza y Cumplimiento: La Junta determinó que el Sr. Auker cumple con los requisitos de independencia y conocimientos financieros exigidos por Nasdaq y la SEC. Se ejecutará un acuerdo de indemnización idéntico a los acuerdos existentes para directores.

Materialidad: No se identificaron transacciones con partes relacionadas que requieran divulgación bajo el Punto 404(a). La presentación no contiene datos de desempeño financiero ni cambios en las previsiones; por lo tanto, el impacto se limita a asuntos de gobernanza.

Lantronix, Inc. (NASDAQ: LTRX)는 5.02항목에 따른 이사회 변경을 공시하는 8-K를 제출했습니다. 2025년 7월 7일 이사회는 이사회 규모를 5명에서 6명으로 확대하기로 결정하고 James C. Auker를 2025년 7월 8일부로 비임원 이사로 임명했습니다. 이 임명은 2025년 6월 24일 Chain of Lakes Investment Fund, LLC 및 두 관련 주주와 체결한 협력 계약의 약속을 이행하는 것입니다.

보수: Auker 씨는 Lantronix의 표준 비임원 이사 보수 프로그램(2022년 10-K의 부속서 10.32에 요약됨)에 따라 보수를 받습니다. 구체적으로, 그는 2020년 성과 인센티브 플랜에 따라 10,387개의 제한 주식 단위(RSU)를 부여받습니다. 이 보상은 비례 배분되며 2025년 11월 5일에 전액 취득됩니다.

거버넌스 및 준수: 이사회는 Auker 씨가 Nasdaq 및 SEC의 독립성 및 금융 이해력 요건을 충족한다고 판단했습니다. 기존 이사 계약과 동일한 면책 계약이 체결될 예정입니다.

중요성: 404(a)항목에 따라 공개가 필요한 관련 당사자 거래는 확인되지 않았습니다. 제출 문서에는 재무 성과 데이터나 지침 변경 사항이 포함되어 있지 않으며, 영향은 거버넌스 문제에 국한됩니다.

Lantronix, Inc. (NASDAQ : LTRX) a déposé un formulaire 8-K annonçant un changement au sein du conseil d'administration conformément à l'article 5.02. Le 7 juillet 2025, le conseil a voté pour passer de cinq à six membres et a nommé James C. Auker en tant qu'administrateur non employé à compter du 8 juillet 2025. Cette nomination respecte un engagement pris dans un Accord de Coopération daté du 24 juin 2025 avec Chain of Lakes Investment Fund, LLC et deux actionnaires affiliés.

Rémunération : M. Auker percevra une rémunération d'administrateur conforme au programme standard de Lantronix pour les administrateurs non employés (résumé dans l'annexe 10.32 du rapport 10-K 2022). Plus précisément, il se verra attribuer 10 387 unités d'actions restreintes (RSU) dans le cadre du Plan d'Incitation à la Performance 2020. Cette attribution sera au prorata et deviendra entièrement acquise le 5 novembre 2025.

Gouvernance et Conformité : Le conseil a déterminé que M. Auker répond aux exigences d'indépendance et de compétence financière de Nasdaq et de la SEC. Un accord d'indemnisation identique à ceux des autres administrateurs sera signé.

Importance : Aucune transaction avec des parties liées nécessitant une divulgation selon l'article 404(a) n'a été identifiée. Le dépôt ne contient pas de données financières ni de modifications des prévisions ; l'impact se limite donc aux questions de gouvernance.

Lantronix, Inc. (NASDAQ: LTRX) hat ein 8-K eingereicht, das eine Änderung im Vorstand gemäß Punkt 5.02 ankündigt. Am 7. Juli 2025 beschloss der Vorstand, die Anzahl der Mitglieder von fünf auf sechs zu erhöhen und ernannte James C. Auker mit Wirkung zum 8. Juli 2025 zum nicht angestellten Direktor. Die Ernennung erfüllt eine Verpflichtung aus einer Kooperationsvereinbarung vom 24. Juni 2025 mit Chain of Lakes Investment Fund, LLC und zwei verbundenen Aktionären.

Vergütung: Herr Auker erhält eine Vergütung als Direktor gemäß dem Standardprogramm von Lantronix für nicht angestellte Direktoren (zusammengefasst in Anlage 10.32 des 10-K Berichts 2022). Konkret werden ihm 10.387 Restricted Stock Units (RSUs) unter dem Performance Incentive Plan 2020 gewährt. Die Zuteilung wird anteilig berechnet und vollumfänglich am 5. November 2025 fällig.

Governance & Compliance: Der Vorstand stellte fest, dass Herr Auker die Unabhängigkeits- und Finanzkenntnis-Anforderungen von Nasdaq und SEC erfüllt. Es wird eine Freistellungsvereinbarung abgeschlossen, die den bestehenden Direktorenvereinbarungen entspricht.

Materialität: Es wurden keine Transaktionen mit nahestehenden Parteien identifiziert, die gemäß Punkt 404(a) offenzulegen wären. Die Einreichung enthält keine Finanzkennzahlen oder Änderungen der Prognose; die Auswirkungen beschränken sich daher auf Governance-Themen.

Positive
  • Board independence enhanced: appointment of an additional independent director meeting Nasdaq and SEC standards.
  • Shareholder alignment: fulfills obligations in Cooperation Agreement, potentially reducing activist pressure.
  • Minimal dilution: RSU grant of 10,387 shares is immaterial relative to total shares outstanding.
Negative
  • None.

Insights

TL;DR: Board expanded to six seats; independent director added per cooperation pact—routine but marginally strengthens governance.

The addition of James C. Auker satisfies obligations under a recent shareholder agreement and marginally improves board independence metrics. Compensation aligns with peer practice via prorated 10,387-RSU grant, avoiding cash outlay. Absence of related-party dealings reduces conflict-risk. From a governance lens the change is positive yet not materially transformative; no committee assignments or leadership shifts were disclosed.

TL;DR: Governance tweak; negligible immediate valuation impact—monitor shareholder cooperation dynamics.

The appointment delivers on the 24 June cooperation accord, signalling constructive engagement with an active shareholder group. While improved board depth is welcome, today’s filing lacks operational or financial catalysts. Equity dilution from 10,387 RSUs is de minimis (<0.03% of shares outstanding). Overall, the item is neutral for near-term price action; long-term effect depends on whether the new director drives strategic shifts.

Lantronix, Inc. (NASDAQ: LTRX) ha presentato un modulo 8-K annunciando una modifica nel consiglio di amministrazione ai sensi del Punto 5.02. Il 7 luglio 2025 il Consiglio ha votato per ampliare il numero dei membri da cinque a sei e ha nominato James C. Auker come amministratore non dipendente a partire dall'8 luglio 2025. Questa nomina realizza un impegno previsto in un Accordo di Cooperazione datato 24 giugno 2025 con Chain of Lakes Investment Fund, LLC e due azionisti affiliati.

Compenso: Il signor Auker riceverà un compenso da amministratore conforme al programma standard di Lantronix per amministratori non dipendenti (riassunto nell'Esibizione 10.32 del 10-K 2022). In particolare, gli saranno assegnate 10.387 unità azionarie vincolate (RSU) nell'ambito del Piano Incentivi 2020. Il premio sarà proporzionato e maturerà integralmente il 5 novembre 2025.

Governance e Conformità: Il Consiglio ha stabilito che il signor Auker soddisfa i requisiti di indipendenza e competenze finanziarie richiesti da Nasdaq e SEC. Verrà stipulato un accordo di indennizzo identico a quelli esistenti per gli amministratori.

Rilevanza: Non sono state individuate operazioni con parti correlate da divulgare ai sensi del Punto 404(a). Il documento non contiene dati sulle performance finanziarie né modifiche alle previsioni; l'impatto si limita quindi alle questioni di governance.

Lantronix, Inc. (NASDAQ: LTRX) ha presentado un formulario 8-K anunciando un cambio en la junta directiva bajo el Punto 5.02. El 7 de julio de 2025, la Junta votó para ampliar su tamaño de cinco a seis miembros y nombró a James C. Auker como director no empleado con efecto a partir del 8 de julio de 2025. Este nombramiento cumple un compromiso establecido en un Acuerdo de Cooperación fechado el 24 de junio de 2025 con Chain of Lakes Investment Fund, LLC y dos accionistas afiliados.

Compensación: El Sr. Auker recibirá una compensación como director conforme al programa estándar de Lantronix para directores no empleados (resumido en el Anexo 10.32 del 10-K 2022). En concreto, se le otorgarán 10,387 unidades restringidas de acciones (RSUs) bajo el Plan de Incentivos 2020. El premio será prorrateado y se consolidará en su totalidad el 5 de noviembre de 2025.

Gobernanza y Cumplimiento: La Junta determinó que el Sr. Auker cumple con los requisitos de independencia y conocimientos financieros exigidos por Nasdaq y la SEC. Se ejecutará un acuerdo de indemnización idéntico a los acuerdos existentes para directores.

Materialidad: No se identificaron transacciones con partes relacionadas que requieran divulgación bajo el Punto 404(a). La presentación no contiene datos de desempeño financiero ni cambios en las previsiones; por lo tanto, el impacto se limita a asuntos de gobernanza.

Lantronix, Inc. (NASDAQ: LTRX)는 5.02항목에 따른 이사회 변경을 공시하는 8-K를 제출했습니다. 2025년 7월 7일 이사회는 이사회 규모를 5명에서 6명으로 확대하기로 결정하고 James C. Auker를 2025년 7월 8일부로 비임원 이사로 임명했습니다. 이 임명은 2025년 6월 24일 Chain of Lakes Investment Fund, LLC 및 두 관련 주주와 체결한 협력 계약의 약속을 이행하는 것입니다.

보수: Auker 씨는 Lantronix의 표준 비임원 이사 보수 프로그램(2022년 10-K의 부속서 10.32에 요약됨)에 따라 보수를 받습니다. 구체적으로, 그는 2020년 성과 인센티브 플랜에 따라 10,387개의 제한 주식 단위(RSU)를 부여받습니다. 이 보상은 비례 배분되며 2025년 11월 5일에 전액 취득됩니다.

거버넌스 및 준수: 이사회는 Auker 씨가 Nasdaq 및 SEC의 독립성 및 금융 이해력 요건을 충족한다고 판단했습니다. 기존 이사 계약과 동일한 면책 계약이 체결될 예정입니다.

중요성: 404(a)항목에 따라 공개가 필요한 관련 당사자 거래는 확인되지 않았습니다. 제출 문서에는 재무 성과 데이터나 지침 변경 사항이 포함되어 있지 않으며, 영향은 거버넌스 문제에 국한됩니다.

Lantronix, Inc. (NASDAQ : LTRX) a déposé un formulaire 8-K annonçant un changement au sein du conseil d'administration conformément à l'article 5.02. Le 7 juillet 2025, le conseil a voté pour passer de cinq à six membres et a nommé James C. Auker en tant qu'administrateur non employé à compter du 8 juillet 2025. Cette nomination respecte un engagement pris dans un Accord de Coopération daté du 24 juin 2025 avec Chain of Lakes Investment Fund, LLC et deux actionnaires affiliés.

Rémunération : M. Auker percevra une rémunération d'administrateur conforme au programme standard de Lantronix pour les administrateurs non employés (résumé dans l'annexe 10.32 du rapport 10-K 2022). Plus précisément, il se verra attribuer 10 387 unités d'actions restreintes (RSU) dans le cadre du Plan d'Incitation à la Performance 2020. Cette attribution sera au prorata et deviendra entièrement acquise le 5 novembre 2025.

Gouvernance et Conformité : Le conseil a déterminé que M. Auker répond aux exigences d'indépendance et de compétence financière de Nasdaq et de la SEC. Un accord d'indemnisation identique à ceux des autres administrateurs sera signé.

Importance : Aucune transaction avec des parties liées nécessitant une divulgation selon l'article 404(a) n'a été identifiée. Le dépôt ne contient pas de données financières ni de modifications des prévisions ; l'impact se limite donc aux questions de gouvernance.

Lantronix, Inc. (NASDAQ: LTRX) hat ein 8-K eingereicht, das eine Änderung im Vorstand gemäß Punkt 5.02 ankündigt. Am 7. Juli 2025 beschloss der Vorstand, die Anzahl der Mitglieder von fünf auf sechs zu erhöhen und ernannte James C. Auker mit Wirkung zum 8. Juli 2025 zum nicht angestellten Direktor. Die Ernennung erfüllt eine Verpflichtung aus einer Kooperationsvereinbarung vom 24. Juni 2025 mit Chain of Lakes Investment Fund, LLC und zwei verbundenen Aktionären.

Vergütung: Herr Auker erhält eine Vergütung als Direktor gemäß dem Standardprogramm von Lantronix für nicht angestellte Direktoren (zusammengefasst in Anlage 10.32 des 10-K Berichts 2022). Konkret werden ihm 10.387 Restricted Stock Units (RSUs) unter dem Performance Incentive Plan 2020 gewährt. Die Zuteilung wird anteilig berechnet und vollumfänglich am 5. November 2025 fällig.

Governance & Compliance: Der Vorstand stellte fest, dass Herr Auker die Unabhängigkeits- und Finanzkenntnis-Anforderungen von Nasdaq und SEC erfüllt. Es wird eine Freistellungsvereinbarung abgeschlossen, die den bestehenden Direktorenvereinbarungen entspricht.

Materialität: Es wurden keine Transaktionen mit nahestehenden Parteien identifiziert, die gemäß Punkt 404(a) offenzulegen wären. Die Einreichung enthält keine Finanzkennzahlen oder Änderungen der Prognose; die Auswirkungen beschränken sich daher auf Governance-Themen.

SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
 Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
GARCIA ERNEST C. II
(Last) (First) (Middle)
1720 W. RIO SALADO PARKWAY
SUITE A
(Street)
TEMPE AZ 85281
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CARVANA CO. [ CVNA ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/09/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 07/09/2025 C 100,000 A (1) 100,000 D
Class A Common Stock 07/09/2025 S(2) 1,316 D $343.9162(3)(4) 98,684 D
Class A Common Stock 07/09/2025 S(2) 4,744 D $345.1028(3)(4) 93,940 D
Class A Common Stock 07/09/2025 S(2) 7,105 D $346.0306(3)(4) 86,835 D
Class A Common Stock 07/09/2025 S(2) 2,859 D $347.0188(3)(4) 83,976 D
Class A Common Stock 07/09/2025 S(2) 4,170 D $348.0097(3)(4) 79,806 D
Class A Common Stock 07/09/2025 S(2) 11,813 D $349.3313(3)(4) 67,993 D
Class A Common Stock 07/09/2025 S(2) 22,425 D $350.1696(3)(4) 45,568 D
Class A Common Stock 07/09/2025 S(2) 17,126 D $350.9708(3)(4) 28,442 D
Class A Common Stock 07/09/2025 S(2) 16,211 D $352.0871(3)(4) 12,231 D
Class A Common Stock 07/09/2025 S(2) 11,906 D $353.1363(3)(4) 325 D
Class A Common Stock 07/09/2025 S(2) 325 D $353.7408(3)(4) 0 D
Class A Common Stock 07/10/2025 C 100,000 A (1) 100,000 D
Class A Common Stock 07/10/2025 S(2) 3,500 D $346.3764(4)(5) 96,500 D
Class A Common Stock 07/10/2025 S(2) 7,061 D $347.4724(4)(5) 89,439 D
Class A Common Stock 07/10/2025 S(2) 10,127 D $348.5177(4)(5) 79,312 D
Class A Common Stock 07/10/2025 S(2) 6,427 D $349.456(4)(5) 72,885 D
Class A Common Stock 07/10/2025 S(2) 6,515 D $350.3657(4)(5) 66,370 D
Class A Common Stock 07/10/2025 S(2) 9,170 D $351.5785(4)(5) 57,200 D
Class A Common Stock 07/10/2025 S(2) 9,241 D $352.5309(4)(5) 47,959 D
Class A Common Stock 07/10/2025 S(2) 9,963 D $353.7225(4)(5) 37,996 D
Class A Common Stock 07/10/2025 S(2) 15,916 D $354.6469(4)(5) 22,080 D
Class A Common Stock 07/10/2025 S(2) 12,792 D $355.5716(4)(5) 9,288 D
Class A Common Stock 07/10/2025 S(2) 8,588 D $356.6488(4)(5) 700 D
Class A Common Stock 07/10/2025 S(2) 700 D $357.2114(4)(5) 0 D
Class B Common Stock 07/09/2025 J 100,000 D (6) 36,337,346 D
Class B Common Stock 07/10/2025 J 100,000 D (6) 36,237,346 D
Class B Common Stock 8,000,000 I ECG II SPE, LLC(7)
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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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
Class A Units (1) 07/09/2025 C 125,000 (1) (1) Class A Common Stock 100,000 $0 45,421,681 D
Class A Units (1) 07/10/2025 C 125,000 (1) (1) Class A Common Stock 100,000 $0 45,296,681 D
Class A Units $0 (8) (8) Class A Common Stock 10,000,000 10,000,000 I ECG II SPE, LLC
1. Name and Address of Reporting Person*
GARCIA ERNEST C. II
(Last) (First) (Middle)
1720 W. RIO SALADO PARKWAY
SUITE A
(Street)
TEMPE AZ 85281
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
ECG II SPE, LLC
(Last) (First) (Middle)
1720 W. RIO SALADO PARKWAY
SUITE A
(Street)
TEMPE AZ 85281
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement").
2. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on December 13, 2024.
3. The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $343.40-$344.28, inclusive (weighted average of $343.9162); $344.55-$345.54, inclusive (weighted average of $345.1028); $345.55-$346.53, inclusive (weighted average of $346.0306); $346.58-$347.49, inclusive (weighted average of $347.0188); $347.63-$348.62, inclusive (weighted average of $348.0097); $348.63-$349.62, inclusive (weighted average of $349.3313); $349.63-$350.62, inclusive (weighted average of $350.1696); $350.63-$351.62, inclusive (weighted average of $350.9708); $351.64-$352.635, inclusive (weighted average of $352.0871); $352.64-$353.63, inclusive (weighted average of $353.1363); and $353.67-$353.79, inclusive (weighted average of $353.7408), respectively.
4. The reporting person undertakes to provide to the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein.
5. Prices reported in Column 4 are weighted average prices. Shares were sold in multiple transactions at prices ranging from $345.99-$346.89, inclusive (weighted average of $346.3764); $346.99-$347.98, inclusive (weighted average of $347.4724); $348.01-$349.00, inclusive (weighted average of $348.5177); $349.01-$350.00, inclusive (weighted average of $349.456); $350.025-$351.00, inclusive (weighted average of $350.3657); $351.03-$352.00, inclusive (weighted average of $351.5785); $352.04-$353.00, inclusive (weighted average of $352.5309); $353.08-$354.065, inclusive (weighted average of $353.7225); $354.10-$355.09, inclusive (weighted average of $354.6469); $355.10-$356.09, inclusive (weighted average of $355.5716); $356.12-$357.115, inclusive (weighted average of $356.6488); and $357.145-$357.29, inclusive (weighted average of $357.2114), respectively.
6. Reflects the cancellation for no consideration of Class B Common Stock of the Issuer ("Class B Shares") in connection with the conversion of Class A Units into Class A Shares. Following the reported transaction, the remaining Class B Shares are owned directly by Ernest C. Garcia II.
7. These Class B Shares are owned directly by ECG II SPE, LLC ("E-SPE"), an entity which Mr. Garcia wholly owns and controls.
8. These Class A Units are owned directly by E-SPE and are exchangeable for 0.8 Class A Shares pursuant to the Exchange Agreement.
/s/ Ernest C. Garcia II 07/11/2025
/s/ Ernest C. Garcia II, ECG II SPE, LLC 07/11/2025
** 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 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).
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.

Source: View Original Filing on SEC EDGAR

FAQ

Why did Lantronix (LTRX) expand its board to six directors?

The expansion enables the company to appoint James C. Auker, satisfying a 24 June 2025 Cooperation Agreement with certain shareholders.

Is the new Lantronix director considered independent?

Yes. The Board determined Mr. Auker meets Nasdaq and SEC independence and financial-literacy requirements.

What equity compensation will James C. Auker receive?

He will be granted 10,387 RSUs that vest in full on 5 November 2025 under the 2020 Performance Incentive Plan.

Are there any related-party transactions between Lantronix and Mr. Auker?

No. The filing states there are no transactions requiring disclosure under Item 404(a) of Regulation S-K.

Does the 8-K include any financial results or guidance updates?

No. The report is limited to governance changes and contains no earnings or guidance information.
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Carvana

NYSE:CVNA

CVNA Rankings

#721 Ranked by Market Cap
N/A Ranked by Dividends

CVNA Latest News

Jul 2, 2025
Carvana to Report Second Quarter 2025 Results and Host Quarterly Conference Call on July 30
Jun 10, 2025
Jon Hamm and Carvana Launch National Campaign Highlighting the Simpler Way to Sell Your Car
May 28, 2025
Carvana Expands Same-Day Delivery to Denver Area
May 27, 2025
Carvana to Present at Upcoming William Blair 45th Annual Growth Stock Conference
May 22, 2025
Carvana Brings Inspection and Reconditioning Center Capabilities to ADESA Nashville

CVNA Latest SEC Filings

Jul 10, 2025
[Form 4/A] Carvana Co. Amended Insider Trading Activity
Jul 10, 2025
[Form 4] Carvana Co. Insider Trading Activity
Jul 10, 2025
[Form 4] Carvana Co. Insider Trading Activity
Jul 10, 2025
[144/A] Carvana Co. SEC Filing
Jul 9, 2025
[144] Carvana Co. SEC Filing

CVNA Stock Data

47.03B
131.25M
1.42%
94.21%
6.9%
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