George Chamoun - 16 Mar 2023 Form 4 Insider Report for ACV Auctions Inc. (ACVA)

Role
Chief Executive Officer, Director
Signature
/s/ Michelle Webb, Attorney-in-fact
Issuer symbol
ACVA
Transactions as of
16 Mar 2023
Transactions value $
$0
Form type
4
Filing time
03 Apr 2023, 16:15:12 UTC
Previous filing
27 Feb 2023
Next filing
05 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACVA Class A Common Stock Other $0 +281 +0.12% $0 236,863 16 Mar 2023 Direct F1, F2
transaction ACVA Class A Common Stock Award $0 +420,000 +1.77% $0 656,863 31 Mar 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Late filing due to an inadvertent administrative error.
F2 Represents a pro-rata in-kind distribution of shares of Class A Common Stock by Amory Square Venture Fund II to its limited partners, including the reporting person. The reporting person paid no consideration for the distribution and exercised no control over the distribution.
F3 Represents a restricted stock unit ("RSU") award. The RSUs will vest in sixteen (16) substantially equal quarterly installments beginning on July 1, 2023, subject to the Reporting Person's continuous service through each such date.