George Chamoun - 31 Dec 2024 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
31 Dec 2024
Transactions value $
$0
Form type
4
Filing time
14 Feb 2025, 16:45:33 UTC
Previous filing
12 Dec 2024
Next filing
06 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 Conversion of derivative security +861,722 +87.1% 1,851,048 31 Dec 2024 Direct F1

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 Conversion of derivative security $0 -861,722 -100% $0.000000 0 31 Dec 2024 Class A Common Stock 861,722 Direct F1
transaction ACVA Employee Stock Option (Right to Buy) Other -1,702,730 -100% 0 31 Dec 2024 Class B Common Stock 1,702,730 $0.1400 Direct F1, F2
transaction ACVA Employee Stock Option (Right to Buy) Other +1,702,730 1,702,730 31 Dec 2024 Class A Common Stock 1,702,730 $0.1400 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 31, 2024, which was the "Final Conversion Date" as defined in the Issuer's amended and restated certificate of incorporation, each share of the Issuer's Class B Common Stock automatically converted into one share of Class A Common Stock per the amended and restated certificate of incorporation.
F2 Represents stock options that were granted on March 22, 2017. At the time of the conversion described in footnote (1), each outstanding stock option to purchase shares of the Issuer's Class B Common Stock automatically converted into a stock option to purchase the same number of shares of the Issuer's Class A Common Stock. Otherwise, the terms of each such stock option remained unchanged.