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Filing Details

Accession Number:: 0001209191-21-069569
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-12-14 18:06:41
Reporting Period:: 2021-12-10

Accepted Time:: 2021-12-14 18:06:41
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

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class A Common Stock	Acquisiton	2021-12-10	1,900	$0.00	1,900	No	4	M	Direct
Class A Common Stock	Disposition	2021-12-10	1,900	$20.00	0	No	4	S	Direct
Class A Common Stock	Acquisiton	2021-12-13	16,535	$0.00	16,535	No	4	M	Direct
Class A Common Stock	Disposition	2021-12-13	16,535	$20.08	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class B Common Stock	Employee Stock Option (Right to Buy)	Disposition	2021-12-10	1,900	$0.00	1,900	$0.66
Class A Common Stock	Class B Common Stock	Acquisiton	2021-12-10	1,900	$0.66	1,900	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2021-12-10	1,900	$0.00	1,900	$0.00
Class B Common Stock	Employee Stock Option (Right to Buy)	Disposition	2021-12-13	16,535	$0.00	16,535	$0.66
Class A Common Stock	Class B Common Stock	Acquisiton	2021-12-13	16,535	$0.66	16,535	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2021-12-13	16,535	$0.00	16,535	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
474,598	2028-06-17	No	4	M	Direct
1,900		No	4	M	Direct
0		No	4	C	Direct
458,063	2028-06-17	No	4	M	Direct
16,535		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.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.00 to $20.02 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 ranges set forth in footnotes (3) and (4).
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.00 to $20.23 inclusive.
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.