Filing Details
- Accession Number:
- 0001209191-23-055512
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-11-16 16:15:49
- Reporting Period:
- 2023-11-14
- Accepted Time:
- 2023-11-16 16:15:49
- 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 |
|---|---|---|---|---|---|---|---|
| 1493307 | William Zerella | C/O Acv Auctions Inc. 640 Ellicott St., Suite 321 Buffalo NY 14203 | Chief Financial 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 | 2023-11-14 | 15,000 | $0.00 | 330,296 | No | 4 | M | Direct | |
| Class A Common Stock | Acquisiton | 2023-11-14 | 2,500 | $0.00 | 332,796 | No | 4 | C | Direct | |
| Class A Common Stock | Disposition | 2023-11-14 | 17,500 | $14.68 | 315,296 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | 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 | 2023-11-14 | 2,050 | $15.36 | 2,050 | $0.00 |
| Class B Common Stock | Employee Stock Option (right to buy) | Disposition | 2023-11-14 | 15,000 | $0.00 | 15,000 | $5.42 |
| Class A Common Stock | Class B Common Stock | Acquisiton | 2023-11-14 | 15,000 | $5.42 | 15,000 | $0.00 |
| Class A Common Stock | Class B Common Stock | Disposition | 2023-11-14 | 15,000 | $0.00 | 15,000 | $0.00 |
| Class A Common Stock | Class B Common Stock | Disposition | 2023-11-14 | 2,500 | $0.00 | 2,500 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 167,697 | No | 4 | F | Direct | ||
| 1,061,239 | 2030-10-26 | No | 4 | M | Direct | |
| 182,697 | No | 4 | M | Direct | ||
| 167,697 | No | 4 | C | Direct | ||
| 165,197 | 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 December 7, 2022.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.44 to $14.86 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.
- These shares were withheld by the Issuer to cover the tax liability upon the vesting of a time-based restricted stock unit previously granted, and does not represent a discretionary sale by the reporting person.
- Includes shares previously reported as restricted stock units.
- One-fourth (1/4th) of the shares subject to the option award vested on September 14,2021, 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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