Summary by Moomoo AI
Carvana Co., an online used car retailer, has filed a Registration Statement on Form S-8 with the U.S. Securities and Exchange Commission (SEC) on February 23, 2024. The filing is to register an additional 2,284,784 shares of Class A common stock and associated preferred stock purchase rights. These shares are reserved for issuance under the Carvana Co. 2017 Omnibus Incentive Plan, which has been amended several times, most recently on May 1, 2023. The registration of these additional shares is a result of the annual evergreen increase provided under the Plan. The documents required for the registration are not filed with the SEC but will be delivered to the participants of the Plan as specified by SEC rules. Carvana Co. has incorporated by reference several previously filed documents with the SEC, including its annual report for the year ended December 31, 2023, and descriptions of the company's securities and purchase rights. The company's executive officers and directors have entered into indemnification agreements, and the company maintains insurance policies to cover liabilities for its directors and officers.
