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Filing Details

Accession Number:: 0001628280-24-040951
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-09-19 17:35:15
Reporting Period:: 2024-09-17

Accepted Time:: 2024-09-19 17:35:15
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., 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	2024-09-17	75,000	$0.00	441,710	No	4	M	Direct
Class A Common Stock	Disposition	2024-09-17	75,000	$20.24	366,710	No	4	S	Direct
Class A Common Stock	Disposition	2024-09-18	400	$0.00	366,310	No	4	J	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	J	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	2024-09-17	75,000	$0.00	75,000	$0.06
Class A Common Stock	Class B Common Stock	Acquisiton	2024-09-17	75,000	$0.06	75,000	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2024-09-17	75,000	$0.00	75,000	$0.00
Class A Common Stock	Class B Common Stock	Acquisiton	2024-09-18	400	$0.00	400	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
354,503	2026-10-25	No	4	M	Direct
109,404		No	4	M	Direct
34,404		No	4	C	Direct
34,804		No	4	J	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 enter into on February 28, 2024.
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 $20.48 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 at each separate price within the range set forth in this footnote.
The shares noted here were previously misreported as Class A shares due to an administrative error and are corrected here to reflect that they are Class B shares.
One-fourth (1/4th) of the shares subject to the option award vested on October 26, 2017, and thereafter one-forty-eighths of the shares subject to the option award vested monthly, subject to the Reporting Person's continuous service.
The total number of stock options beneficially owned under this grant was adjusted by one share to correct an administrative error in the Reporting Person's Form 3.
Includes shares previously reported as restricted stock units.