George Chamoun - 01 Jul 2021 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
01 Jul 2021
Net transactions value
-$1,747,368
Form type
4
Filing time
06 Jul 2022, 18:09:24 UTC
Next filing
25 Apr 2022
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 Tax liability $66,561 -10,256 -4.3% $6.49 230,815 01 Jul 2022 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 Tax liability $456,206 -18,351 -0.36% $24.86 5,074,639 01 Jul 2021 Class A Common Stock 18,351 Direct F1, F2, F3
transaction ACVA Class B Common Stock Tax liability $404,750 -22,726 -0.45% $17.81 5,051,913 01 Oct 2021 Class A Common Stock 22,726 Direct F1, F2, F3
transaction ACVA Class B Common Stock Tax liability $313,516 -16,641 -0.33% $18.84 5,035,272 01 Jan 2021 Class A Common Stock 16,641 Direct F1, F2, F3
transaction ACVA Class B Common Stock Tax liability $352,586 -23,273 -0.46% $15.15 5,011,999 01 Apr 2022 Class A Common Stock 23,273 Direct F1, F2, F3
transaction ACVA Class B Common Stock Tax liability $153,748 -23,690 -0.47% $6.49 4,988,309 01 Jul 2022 Class A Common Stock 23,690 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Each share of Class B Common Stock is convertible at any time at the option of the reporting person into one share of Class A Common Stock. Each share of Class B Common Stock will convert automatically into shares of Class A common stock, on a one-to-one basis, upon the following: (1) the sale or transfer of such share of Class B Common Stock, subject to certain exceptions specified in the Issuer's amended and restated certificate of incorporation; (2) the death of the reporting person; and (3) the final conversion date, defined as the earlier of (a) the last trading day of the fiscal quarter immediately following the tenth anniversary of the effective date of the Issuer's tenth amended and restated certificate of incorporation; (b) the last trading day of the fiscal quarter during which the then-outstanding shares of Class B Common Stock first represent less than 5% of the aggregate number of then-outstanding shares of Class A Common Stock and Class B Common Stock.
F3 Includes shares previously reported as restricted stock units.