Michael Waterman - 02 Jan 2025 Form 4 Insider Report for ACV Auctions Inc. (ACVA)

Role
Chief Sales Officer
Signature
/s/ Michelle Webb, Attorney-in-Fact
Issuer symbol
ACVA
Transactions as of
02 Jan 2025
Transactions value $
-$326,161
Form type
4
Filing time
06 Jan 2025, 18:02:57 UTC
Previous filing
14 Feb 2025
Next filing
10 Jan 2025
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 Tax liability -$46,005 -2,197 -0.65% $20.94 335,645 02 Jan 2025 Direct F1
transaction ACVA Class A Common Stock Tax liability -$103,003 -4,919 -1.47% $20.94 330,726 02 Jan 2025 Direct F1
transaction ACVA Class A Common Stock Tax liability -$72,431 -3,459 -1.04% $20.94 329,900 02 Jan 2025 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ACVA Class B Common Stock Tax liability -$104,720 -5,001 -21.55% $20.94 18,202 02 Jan 2025 Class A Common Stock 5,001 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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
F2 Includes 2,633 shares acquired pursuant to the Company's 2021 Employee Stock Purchase Plan ("ESPP") including 1,154 shares for the purchase period of 12/1/2022 to 5/31/2023, 743 shares for the purchase period 6/1/2023 to 11/30/2023 and 736 shares for the purchase period 12/1/2023 to 5/31/2024.
F3 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.
F4 Includes shares previously reported as restricted stock units.