George Chamoun - Mar 16, 2023 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
Mar 16, 2023
Transactions value $
$0
Form type
4
Date filed
4/3/2023, 04:15 PM
Previous filing
Feb 27, 2023
Next filing
Apr 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACVA Class A Common Stock Other $0 +281 +0.12% $0.00 237K Mar 16, 2023 Direct F1, F2
transaction ACVA Class A Common Stock Award $0 +420K +177.32% $0.00 657K Mar 31, 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Late filing due to an inadvertent administrative error.
F2 Represents a pro-rata in-kind distribution of shares of Class A Common Stock by Amory Square Venture Fund II to its limited partners, including the reporting person. The reporting person paid no consideration for the distribution and exercised no control over the distribution.
F3 Represents a restricted stock unit ("RSU") award. The RSUs will vest in sixteen (16) substantially equal quarterly installments beginning on July 1, 2023, subject to the Reporting Person's continuous service through each such date.