Michael Waterman - 10 Jun 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
10 Jun 2025
Transactions value $
-$368,364
Form type
4
Filing time
12 Jun 2025, 16:39:07 UTC
Previous filing
04 Apr 2025
Next filing
03 Jul 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Waterman Michael Chief Sales Officer C/O ACV AUCTIONS INC., 640 ELLICOTT ST., SUITE 321, BUFFALO /s/ Michelle Webb, Attorney-in-Fact 12 Jun 2025 0001851495

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACVA Class A Common Stock Options Exercise $3K +21.4K +5.27% $0.14 428K 10 Jun 2025 Direct F1
transaction ACVA Class A Common Stock Sale -$371K -22.2K -5.18% $16.75 406K 10 Jun 2025 Direct F2, F3

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 $0 -21.4K -7.08% $0.00 281K 10 Jun 2025 Class A Common Stock 21.4K $0.14 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Includes 717 shares acquired pursuant to the Company's 2021 Employee Stock Purchase Plan ("ESPP") for the purchase period of 12/1/2024 to 5/31/2025.
F2 Shares sold pursuant to a Rule 10b5-1 trading plan enter into on December 10, 2024.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.58 to $16.92 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 One-fourth (1/4th) of the shares subject to the option award vested on October 26, 2017, and thereafter one-forty-eighths of the shares subject to the option award vested monthly, subject to the Reporting Person's continuous service.