Vikas Mehta - Jul 1, 2021 Form 4 Insider Report for ACV Auctions Inc. (ACVA)

Role
Chief Operating Officer
Signature
/s/ Michelle Webb, Attorney-in-fact
Stock symbol
ACVA
Transactions as of
Jul 1, 2021
Transactions value $
-$827,968
Form type
4
Date filed
7/6/2022, 06:11 PM
Next filing
Apr 18, 2022

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 +15.3K 15.3K Jul 1, 2021 Direct F1
transaction ACVA Class A Common Stock Conversion of derivative security +14.4K +93.95% 29.7K Oct 1, 2021 Direct F1
transaction ACVA Class A Common Stock Tax liability -$35.5K -5.47K -3.42% $6.49 154K Jul 1, 2022 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 Class B Common Stock Tax liability -$196K -7.88K -0.78% $24.86 1M Jul 1, 2021 Class A Common Stock 7.88K Direct F1, F2, F4
transaction ACVA Class B Common Stock Conversion of derivative security $0 -15.3K -1.53% $0.00 988K Jul 1, 2021 Class A Common Stock 15.3K Direct F1, F4
transaction ACVA Class B Common Stock Tax liability -$157K -8.81K -0.89% $17.81 979K Oct 1, 2021 Class A Common Stock 8.81K Direct F1, F2, F4
transaction ACVA Class B Common Stock Conversion of derivative security $0 -14.4K -1.47% $0.00 965K Oct 1, 2021 Class A Common Stock 14.4K Direct F1, F4
transaction ACVA Class B Common Stock Tax liability -$174K -9.24K -0.96% $18.84 956K Jan 1, 2022 Class A Common Stock 9.24K Direct F1, F2, F4
transaction ACVA Class B Common Stock Tax liability -$189K -12.4K -1.3% $15.15 943K Apr 1, 2022 Class A Common Stock 12.4K Direct F1, F2, F4
transaction ACVA Class B Common Stock Tax liability -$76.9K -11.8K -1.26% $6.49 931K Jul 1, 2022 Class A Common Stock 11.8K Direct F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
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.
F3 Amount reflects a grant of restricted stock unit award for Class A Common Stock reported April 18, 2022, and Class A Common Stock obtained through an ESPP.
F4 Includes shares previously reported as restricted stock units.