From: Richard Kahn Sent: Tuesday, September 4, 2018 1:55 PM To: Jeffrey E. Subject: Fwd: CVNA - Carvana - for Southern Trust Company bought 25k at 64.4388 please advise on =emainder... thank you Richard Kahn HBRK Associates Inc. 575 =exington Avenue 4th Floor New York, NY 10022 telM fa cel Begin forwarded message: From: =/b>"Ens, Amanda" Subject: =/b>RE: CVNA - =arvana - for Southern Trust Company Date: =/b>September 4, 2018 at 9:51:16 AM =DT To: =/b>Richard Kahn < Cc: "Len sfield Anna Kell " "Schermerhorn, Colin" =It mailto Rich, Bought 25,000 CVNA at =4.4388 Please let us know if =ou'd like to work the 125k balance throughout the day. We can =o a VWAP (volume weighted average price), % of volume, use a limit, get =ore aggressive at a certain price, etc. Thanks, Amanda Amanda Ens EFTA_R1_01837703 EFTA02625611 > =rote: Bank of America =errill Lynch Merrill Lynch, Pierce, Fenner & Smith Incorporated One Bryant Park, 5th =loor, New York, NY 10036 Phone: Mobile: From: Richard Kahn [mailto Sent: Tuesday, Se tember 04 2018 =:42 AM To: Ens, Amanda Subject: Re: CVNA - Carvana - for =outhern Trust Company any update on order? please =dvise thanks Richard Kahn HBRK Associates Inc. 575 =exington Avenue 4th Floor New York, NY 10022 tel fa cel On Sep 4, 2018, at 9:10 AM, Ens, Amanda =lt;amanda.ens@baml.com <mailto:amanda.ens@baml.com> Rich, as discussed, we'll buy 25,000 CVNA for =outhern Trust Company on the open. I'm copying AK and =olin for when you'd like to scale up to the 150k total. Their =rading desk line is Thanks, Amanda Amanda =ns Bank of America Merrill =ynch Merrill Lynch, Pierce, =enner & Smith Incorporated One Bryant Park, 5th =loor, New York, NY 10036 Phone: =obile 2 EFTA_R1_01837704 EFTA02625612 This message, and any attachments, is for the intended =ecipient(s) only, may contain information that is privileged, =onfidential and/or proprietary and subject to important terms and =onditions available at http://www.bankofamerica.com/emaildisclaimer. If you are not the intended recipient, please delete this =essage. This message, and any attachments, is for the intended =ecipient(s) only, may contain information that is privileged, =onfidential and/or proprietary and subject to important terms and =onditions available at http://www.bankofamerica.com/emaildisclaimer. If you are not the intended =ecipient, please delete this =essage. 3 EFTA_R1_01837705 EFTA02625613