Home > Insider Trading > Filing (0001209191-23-042188)

Filing Details

Accession Number:: 0001209191-23-042188
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-07-13 16:12:50
Reporting Period:: 2023-07-11

Accepted Time:: 2023-07-13 16:12:50
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
1851495	Michael Waterman	C/O Acv Auctions Inc.640 Ellicott St 640 Ellicott St., Suite 321 Buffalo NY 14203	Chief Sales 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	2023-07-11	3,718	$0.00	246,634	No	4	C	Direct
Class A Common Stock	Disposition	2023-07-11	5,410	$17.26	241,224	No	4	S	Direct
Class A Common Stock	Acquisiton	2023-07-12	3,718	$0.00	244,942	No	4	C	Direct
Class A Common Stock	Disposition	2023-07-12	5,410	$18.05	239,532	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	C	Direct
No	4	S	Direct
No	4	C	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 A Common Stock	Class B Common Stock	Disposition	2023-07-11	3,718	$0.00	3,718	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2023-07-12	3,718	$0.00	3,718	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
95,644			No	4	C	Direct
91,926			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 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.
Shares sold pursuant to a Rule 10b5-1 trading plan entered into on 3/15/2023.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.93 to $17.55 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.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.00 to $18.13 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.
Includes shares previously reported as restricted stock units.