Eileen A. Kamerick - 04 Sep 2024 Form 4 Insider Report for ACV Auctions Inc. (ACVA)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
06 Sep 2024, 16:11:11 UTC
Prior SEC filing
16 Aug 2024
Next SEC filing
17 Sep 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Michelle Webb, Attorney-in-Fact

Key filing fact

Eileen A. Kamerick filed Form 4 for ACV Auctions Inc. (ACVA) on 06 Sep 2024.

Key facts

  • This page summarizes Eileen A. Kamerick's Form 4 filing for ACV Auctions Inc. (ACVA).
  • 5 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 06 Sep 2024, 16:11.

Change

  • Previous filing in this sequence was filed on 16 Aug 2024.
  • Current net transaction value: -$333,250.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

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
+25,000
Change %
+271%
Price
Shares after
34,239
Date
04 Sep 2024
Ownership
Direct
Footnotes
F1
ACVA transaction

Class A Common Stock

Sale

Transaction value
$445,750
Shares
-25,000
Change %
-73%
Price
$17.83
Shares after
9,239
Date
04 Sep 2024
Ownership
Direct
Footnotes
F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ACVA transaction Derivative

Stock Option (Right to Buy)

Options Exercise

Transaction value
$0
Shares
-25,000
Change %
-24%
Price
$0.000000
Shares after
80,984
Date
04 Sep 2024
Ownership
Direct
Underlying class
Class B Common Stock
Underlying amount
25,000
Exercise price
$4.50
Footnotes
F3
ACVA transaction Derivative

Class B Common Stock

Options Exercise

Transaction value
$112,500
Shares
+25,000
Change %
Price
$4.50
Shares after
25,000
Date
04 Sep 2024
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
25,000
Exercise price
Footnotes
F1
ACVA transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value
$0
Shares
-25,000
Change %
-100%
Price
$0.000000
Shares after
0
Date
04 Sep 2024
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
25,000
Exercise price
Footnotes
F1
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 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

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.76 to $17.98 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 F3

The stock options vested or shall vest in twelve (12) equal quarterly installments, with the first vesting having occurred on June 5, 2020, subject to the Reporting Person's continuous service through each such date.

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