Key facts
- This page summarizes Vikas Mehta's Form 4 filing for ACV Auctions Inc. (ACVA).
- 10 reported transactions and 5 derivative rows are listed below.
- Accepted by SEC: 27 Aug 2024, 16:37.
Vikas Mehta - 23 Aug 2024 Form 4 Insider Report for ACV Auctions Inc. (ACVA)
- Reporting relationship
- Chief Operating Officer
- Issuer ticker
- ACVA
- Reported as of
- 23 Aug 2024
- Net transaction value
- -$2,797,935
- SEC form
- 4
- Accepted by SEC
- 27 Aug 2024, 16:37:06 UTC
- Prior SEC filing
- 03 Jul 2024
- Next SEC filing
- 12 Sep 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Michelle Webb, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Vikas Mehta filed Form 4 for ACV Auctions Inc. (ACVA) on 27 Aug 2024.
Change
- Previous filing in this sequence was filed on 03 Jul 2024.
- Current net transaction value: -$2,797,935.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
ACVA
transaction
Class A Common Stock
Options Exercise
- Transaction value
- Shares
- +46,823
- Change %
- +9.2%
- Price
- Shares after
- 553,479
- Date
- 23 Aug 2024
- Ownership
- Direct
- Footnotes
- F1
ACVA
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- Shares
- +60,954
- Change %
- +11%
- Price
- Shares after
- 614,433
- Date
- 23 Aug 2024
- Ownership
- Direct
- Footnotes
- F1
ACVA
transaction
Class A Common Stock
Sale
- Transaction value
- $2,730,313
- Shares
- -145,928
- Change %
- -24%
- Price
- $18.71
- Shares after
- 468,505
- Date
- 23 Aug 2024
- Ownership
- Direct
- Footnotes
- F2, F3
ACVA
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- Shares
- +6,980
- Change %
- +1.5%
- Price
- Shares after
- 475,485
- Date
- 26 Aug 2024
- Ownership
- Direct
- Footnotes
- F1
ACVA
transaction
Class A Common Stock
Sale
- Transaction value
- $161,268
- Shares
- -8,395
- Change %
- -1.8%
- Price
- $19.21
- Shares after
- 467,090
- Date
- 26 Aug 2024
- Ownership
- Direct
- Footnotes
- F2, F4
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
ACVA
transaction
Derivative
Employee Stock Option (Right to Buy)
Options Exercise
- Transaction value
- $0
- Shares
- -46,823
- Change %
- -50%
- Price
- $0.000000
- Shares after
- 46,823
- Date
- 23 Aug 2024
- Ownership
- Direct
- Underlying class
- Class B Common Stock
- Underlying amount
- 46,823
- Exercise price
- $2.00
- Footnotes
- F5
ACVA
transaction
Derivative
Class B Common Stock
Options Exercise
- Transaction value
- $93,646
- Shares
- +46,823
- Change %
- +19%
- Price
- $2.00
- Shares after
- 290,403
- Date
- 23 Aug 2024
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 46,823
- Exercise price
- Footnotes
- F1, F6
ACVA
transaction
Derivative
Class B Common Stock
Conversion of derivative security
- Transaction value
- $0
- Shares
- -46,823
- Change %
- -16%
- Price
- $0.000000
- Shares after
- 243,580
- Date
- 23 Aug 2024
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 46,823
- Exercise price
- Footnotes
- F1
ACVA
transaction
Derivative
Class B Common Stock
Conversion of derivative security
- Transaction value
- $0
- Shares
- -60,954
- Change %
- -25%
- Price
- $0.000000
- Shares after
- 182,626
- Date
- 23 Aug 2024
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 60,954
- Exercise price
- Footnotes
- F1, F6
ACVA
transaction
Derivative
Class B Common Stock
Conversion of derivative security
- Transaction value
- $0
- Shares
- -6,980
- Change %
- -3.8%
- Price
- $0.000000
- Shares after
- 175,646
- Date
- 26 Aug 2024
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 6,980
- Exercise price
- Footnotes
- F1, F6
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Rule 10b5-1 trading plan
These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.
Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).
Explanation of responses 6 footnotes
Footnote 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.
Footnote F2
Shares sold pursuant to a Rule 10b5-1 trading plan enter into on May 24, 2024
Footnote F3
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.22 to $18.96 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 at each separate price within the range set forth in this footnote.
Footnote F4
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.96 to $19.31 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 at each separate price within the range set forth in this footnote.
Footnote F5
One-fourth (1/4th) of the shares subject to the option award vested on January 22, 2020, and thereafter one-forty-eighth of the shares subject to the option award vested monthly, subject to the Reporting Person's continuous service.
Footnote F6
Includes shares previously reported as restricted stock units.