George Chamoun - 07 Mar 2025 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
07 Mar 2025
Net transactions value
+$490,849
Form type
4
Filing time
11 Mar 2025, 16:27:56 UTC
Previous filing
06 Mar 2025
Next filing
21 Mar 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 Options Exercise $42,000 +300,000 +12% $0.1400 2,901,048 07 Mar 2025 Direct
transaction ACVA Class A Common Stock Award $787,314 +41,156 +1.4% $19.13 2,942,204 07 Mar 2025 Direct F1
transaction ACVA Class A Common Stock Tax liability $296,465 -21,011 -0.71% $14.11 2,921,193 07 Mar 2025 Direct F2
transaction ACVA Class A Common Stock Options Exercise $35,000 +250,000 +8.6% $0.1400 3,171,193 10 Mar 2025 Direct

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 Employee Stock Option (Right to Buy) Options Exercise $42,000 -300,000 -31% $0.1400 652,730 07 Mar 2025 Class A Common Stock 300,000 $0.1400 Direct F3
transaction ACVA Employee Stock Option (Right to Buy) Options Exercise $35,000 -250,000 -38% $0.1400 402,730 10 Mar 2025 Class A Common Stock 250,000 $0.1400 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Grant of Restricted Stock Units issued pursuant of the Company's 2024 Target Bonus Program whereby targets defined by the Compensation Committee were deemed to be achieved by the Board of Directors for the fiscal year 2024. The RSUs vested 100% upon grant on March 7, 2025.
F2 These shares were withheld by the Issuer to cover the tax liability upon the immediate vesting of the restricted stock unit granted and does not represent a discretionary sale by the reporting person.
F3 One-fourth (1/4th) of the shares subject to the option award vested on March 22, 2018, and thereafter one-forty-eighth of the shares subject to the option award vested monthly, subject to the Reporting Person's continuous service.