George Chamoun - Feb 23, 2024 Form 4 Insider Report for ACV Auctions Inc. (ACVA)

Role
Chief Executive Officer, Director
Signature
/s/ Michelle Webb, Attorney-in-fact
Stock symbol
ACVA
Transactions as of
Feb 23, 2024
Transactions value $
$368,148
Form type
4
Date filed
2/27/2024, 04:19 PM
Previous filing
Jan 4, 2024
Next filing
Mar 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACVA Class A Common Stock Award $752K +45.5K +7.91% $16.52 621K Feb 23, 2024 Direct F1
transaction ACVA Class A Common Stock Tax liability -$384K -23.2K -3.74% $16.52 598K Feb 23, 2024 Direct F2
* 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 vesting 100% on February 23, 2024, issued pursuant to the Company's 2023 Target Bonus Program whereby targets defined by the Compensation Committee were deemed to be achieved by the Board of Directors for fiscal year 2023.
F2 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.