Filing Details

Accession Number:
0001209191-23-023631
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-04-06 17:44:18
Reporting Period:
2023-04-04
Accepted Time:
2023-04-06 17:44:18
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1637873 Acv Auctions Inc. ACVA () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1419488 George Chamoun C/O Acv Auctions Inc.
640 Ellicott St., Suite 321
Buffalo NY 14203
Chief Executive Officer Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2023-04-04 76,877 $0.00 723,484 No 4 C Direct
Class A Common Stock Disposition 2023-04-04 76,877 $12.45 646,607 No 4 S Direct
Class A Common Stock Acquisiton 2023-04-05 65,576 $0.00 712,183 No 4 C Direct
Class A Common Stock Disposition 2023-04-05 65,576 $12.15 646,607 No 4 S Direct
Class A Common Stock Acquisiton 2023-04-06 60,481 $0.00 707,088 No 4 C Direct
Class A Common Stock Disposition 2023-04-06 60,481 $12.14 646,607 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Direct
No 4 S Direct
No 4 C Direct
No 4 S Direct
No 4 C Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Class B Common Stock Disposition 2023-04-04 76,877 $0.00 76,877 $0.00
Class A Common Stock Class B Common Stock Disposition 2023-04-05 65,576 $0.00 65,576 $0.00
Class A Common Stock Class B common Stock Disposition 2023-04-06 60,481 $0.00 60,481 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
4,343,517 No 4 C Direct
4,277,941 No 4 C Direct
4,217,460 No 4 C Direct
Footnotes
  1. Each share of Class B Common Stock is convertible at any time at the option of the reporting person into one share of Class A Common Stock. Each share of Class B Common Stock will convert automatically into shares of Class A common stock, on a one-to-one basis, upon the following: (1) the sale or transfer of such share of Class B Common Stock, subject to certain exceptions specified in the Issuer's amended and restated certificate of incorporation; (2) the death of the reporting person; and (3) the final conversion date, defined as the earlier of (a) the last trading day of the fiscal quarter immediately following the tenth anniversary of the effective date of the Issuer's tenth amended and restated certificate of incorporation; (b) the last trading day of the fiscal quarter during which the then-outstanding shares of Class B Common Stock first represent less than 5% of the aggregate number of then-outstanding shares of Class A Common Stock and Class B Common Stock.
  2. Shares sold pursuant to a Rule 10b5-1 trading plan entered into on September 13, 2022.
  3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.32 to $12.71 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of 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 the range set forth in this footnote.
  4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.01 to $12.45 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of 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 the range set forth in this footnote.
  5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.90 to $12.23 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of 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 the range set forth in this footnote.
  6. Includes shares previously reported as restricted stock units.