Vikas Mehta - 02 Jan 2025 Form 4 Insider Report for ACV Auctions Inc. (ACVA)

Reporting relationship: Chief Operating Officer
Issuer ticker: ACVA
Reported as of: 02 Jan 2025
Net transaction value: -$599,303
SEC form: 4
Accepted by SEC: 06 Jan 2025, 17:51:16 UTC
Prior SEC filing: 14 Feb 2025
Next SEC filing: 06 Mar 2025
Source filing: View source filing
Reporting owner signature: /s/ Michelle Webb, Attorney-in-Fact

Key filing fact

Vikas Mehta filed Form 4 for ACV Auctions Inc. (ACVA) on 06 Jan 2025.

Key facts

This page summarizes Vikas Mehta's Form 4 filing for ACV Auctions Inc. (ACVA).
4 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 06 Jan 2025, 17:51.

Change

Previous filing in this sequence was filed on 14 Feb 2025.
Current net transaction value: -$599,303.

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

Tax liability

Transaction value: $114,542
Shares: -5,470
Change %: -1.3%
Price: $20.94
Shares after: 410,647
Date: 02 Jan 2025
Ownership: Direct
Footnotes: F1

ACVA transaction

Class A Common Stock

Tax liability

Transaction value: $133,639
Shares: -6,382
Change %: -1.6%
Price: $20.94
Shares after: 404,265
Date: 02 Jan 2025
Ownership: Direct
Footnotes: F1

ACVA transaction

Class A Common Stock

Tax liability

Transaction value: $93,958
Shares: -4,487
Change %: -1.1%
Price: $20.94
Shares after: 404,426
Date: 02 Jan 2025
Ownership: Direct
Footnotes: F1, F2

Reported derivative securities

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

ACVA transaction Derivative

Class B Common Stock

Tax liability

Transaction value: $257,164
Shares: -12,281
Change %: -14%
Price: $20.94
Shares after: 78,652
Date: 02 Jan 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 12,281
Exercise price
Footnotes: F1, F3, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

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

Footnote F2

Includes 4,648 shares acquired pursuant to the Company's 2021 Employee Stock Purchase Plan ("ESPP") including 564 shares for the purchase period of 6/1/2022 to 11/30/2022, 2,500 shares for the purchase period 12/1/2022 to 5/31/2023 and 1,584 shares for the purchase period 12/1/2023 to 5/31/2024.

Footnote F3

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 F4

Includes shares previously reported as restricted stock units.