Michael Waterman - Dec 31, 2024 Form 4 Insider Report for ACV Auctions Inc. (ACVA)

Role
Chief Sales Officer
Signature
/s/ Michelle Webb, Attorney-in-Fact
Stock symbol
ACVA
Transactions as of
Dec 31, 2024
Transactions value $
$0
Form type
4
Date filed
2/14/2025, 04:47 PM
Previous filing
Dec 12, 2024
Next filing
Jan 6, 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 +11.6K +3.73% 323K Dec 31, 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 -11.6K -100% $0.00 0 Dec 31, 2024 Class A Common Stock 11.6K Direct F1
transaction ACVA Employee Stock Option (Right to Buy) Other -280K -100% 0 Dec 31, 2024 Class B Common Stock 280K $0.06 Direct F1, F2
transaction ACVA Employee Stock Option (Right to Buy) Other +280K 280K Dec 31, 2024 Class A Common Stock 280K $0.06 Direct F1, F2
transaction ACVA Employee Stock Option (Right to Buy) Other -323K -100% 0 Dec 31, 2024 Class B Common Stock 323K $0.14 Direct F1, F3
transaction ACVA Employee Stock Option (Right to Buy) Other +323K 323K Dec 31, 2024 Class A Common Stock 323K $0.14 Direct F1, F3
* 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 October 26, 2016. 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.
F3 Represents stock options that were granted on August 27, 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.