Andrew Peer - Aug 6, 2021 Form 4 Insider Report for ACV Auctions Inc. (ACVA)

Signature
/s/ Michelle Webb, Attorney-in-Fact
Stock symbol
ACVA
Transactions as of
Aug 6, 2021
Transactions value $
-$10,394
Form type
4
Date filed
9/6/2024, 04:16 PM
Next filing
Jul 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACVA Class A Common Stock Award $0 +14.7K +176.03% $0.00 23K Aug 6, 2021 Direct F1, F2
transaction ACVA Class A Common Stock Award $0 +3.52K +15.28% $0.00 26.5K Jun 2, 2022 Direct F2, F3
transaction ACVA Class A Common Stock Award $0 +20.6K +77.75% $0.00 47.2K May 9, 2023 Direct F2, F4
transaction ACVA Class A Common Stock Award $0 +19.8K +41.94% $0.00 66.9K Jun 4, 2024 Direct F2, F5
transaction ACVA Class A Common Stock Sale -$10.4K -573 -0.86% $18.14 66.4K Sep 4, 2024 Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents restricted stock unit ("RSU") award that was previously not reported. The RSUs will vest in sixteen (16) substantially equal quarterly installments beginning on October 1, 2021, subject to the Reporting Person's continuous service through each such date
F2 The restricted stock unit ("RSU") award included here was inadvertently absent from the prior filings due to an administrative error.
F3 Represents a restricted stock unit ("RSU") award that was previously not reported. The RSUs will vest in twelve (12) substantially equal quarterly installments beginning on July 1, 2022, subject to the Reporting Person's continuous service through each such date
F4 Represents a restricted stock unit ("RSU") award that was previously not reported. 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
F5 Represents a restricted stock unit ("RSU") award that was previously not reported. The RSUs will vest in sixteen (16) substantially equal quarterly installments beginning on July 1, 2024, subject to the Reporting Person's continuous service through each such date
F6 Shares sold pursuant to a Rule 10b5-1 trading plan enter into on June 13, 2024.
F7 These shares were sold in a single transaction for $18.14 per share