Filing Details
- Accession Number:
- 0001209191-21-060719
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-10-18 16:29:19
- Reporting Period:
- 2021-10-14
- Accepted Time:
- 2021-10-18 16:29:19
- 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 Street, #321 Buffalo NY 14203 | Ccdso And Chief Legal Officer | No | 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 | 2021-10-14 | 5,000 | $0.00 | 5,000 | No | 4 | C | Direct | |
| Class A Common Stock | Disposition | 2021-10-14 | 5,000 | $20.00 | 0 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| 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 B Common Stock | Employee Stock Option (Right to Buy) | Disposition | 2021-10-14 | 5,000 | $0.00 | 5,000 | $0.66 |
| Class A Common Stock | Class B Common Stock | Acquisiton | 2021-10-14 | 5,000 | $0.66 | 5,000 | $0.00 |
| Class A Common Stock | Class B Common Stock | Disposition | 2021-10-14 | 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 |
|---|---|---|---|---|---|---|
| 481,498 | 2028-06-17 | No | 4 | M | Direct | |
| 5,000 | No | 4 | M | Direct | ||
| 0 | No | 4 | C | Direct |
Footnotes
- 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 first trading day on or after the date on which the outstanding shares of Class B Common Stock represent less than 5.0% of the Issuer's then-outstanding Class A and Class B Common Stock; (b) the tenth anniversary of this offering; or (c) the date specified by vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.
- Shares sold pursuant to a Rule 10b5-1 trading plan.
- One-fourth (1/4th) of the shares subject to the option award vested 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.
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