Filing Details

Accession Number:
0000950170-24-023238
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-02-29 17:00:58
Reporting Period:
2024-02-28
Accepted Time:
2024-02-29 17:00:58
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1637873 Acv Auctions Inc. ACVA Services-Business Services, Nec (7389) 472415221
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1852174 Eric Craig Anderson C/O Acv Auctions Inc.
640 Ellicott St., Suite 321
Buffalo NY 14203
Ccdso No No 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 2024-02-28 5,000 $0.00 207,797 No 4 M Direct
Class A Common Stock Disposition 2024-02-28 5,000 $18.00 202,797 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class B Common Stock Employee Stock Option (Right to Buy) Disposition 2024-02-28 5,000 $0.00 5,000 $0.66
Class A Common Stock Class B Common Stock Acquisiton 2024-02-28 5,000 $0.66 5,000 $0.00
Class A Common Stock Class B Common Stock Disposition 2024-02-28 5,000 $0.00 5,000 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
98,063 2028-06-17 No 4 M Direct
125,302 No 4 M Direct
120,302 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 15, 2023.
  3. These shares were sold in a single transaction for $18.00 per share.
  4. One-fourth (1/4th) of the shares subject to the option award vested on June 7, 2019, and thereafter one-forty-eighth of the shares subject to the option award vest monthly, subject to the Reporting Person's continuous service.
  5. Includes shares previously reported as restricted stock units.