Michael Waterman - 10 Jun 2025 Form 4 Insider Report for ACV Auctions Inc. (ACVA)

Reporting relationship: Chief Sales Officer
Issuer ticker: ACVA
Reported as of: 10 Jun 2025
Net transaction value: -$368,364
SEC form: 4
Accepted by SEC: 12 Jun 2025, 16:39:07 UTC
Prior SEC filing: 04 Apr 2025
Next SEC filing: 03 Jul 2025
Source filing: View source filing
Reporting owner signature: /s/ Michelle Webb, Attorney-in-Fact

Key filing fact

Michael Waterman filed Form 4 for ACV Auctions Inc. (ACVA) on 12 Jun 2025.

Key facts

This page summarizes Michael Waterman's Form 4 filing for ACV Auctions Inc. (ACVA).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 12 Jun 2025, 16:39.

Change

Previous filing in this sequence was filed on 04 Apr 2025.
Current net transaction value: -$368,364.

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

Reporting Owners (1)

CIK 0001851495 Primary reporting owner

Waterman Michael

Relationship: Chief Sales Officer
Address: C/O ACV AUCTIONS INC., 640 ELLICOTT ST., SUITE 321, BUFFALO
Signature: /s/ Michelle Webb, Attorney-in-Fact
Signature date: 12 Jun 2025

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: $3,000
Shares: +21,428
Change %: +5.3%
Price: $0.1400
Shares after: 427,781
Date: 10 Jun 2025
Ownership: Direct
Footnotes: F1

ACVA transaction

Class A Common Stock

Sale

Transaction value: $371,364
Shares: -22,171
Change %: -5.2%
Price: $16.75
Shares after: 405,610
Date: 10 Jun 2025
Ownership: Direct
Footnotes: F2, F3

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: -21,428
Change %: -7.1%
Price: $0.000000
Shares after: 281,264
Date: 10 Jun 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 21,428
Exercise price: $0.1400
Footnotes: F4

^* 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 4 footnotes

Footnote F1

Includes 717 shares acquired pursuant to the Company's 2021 Employee Stock Purchase Plan ("ESPP") for the purchase period of 12/1/2024 to 5/31/2025.

Footnote F2

Shares sold pursuant to a Rule 10b5-1 trading plan enter into on December 10, 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 $16.58 to $16.92 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 sold at each separate price within the range set forth in this footnote.

Footnote F4

One-fourth (1/4th) of the shares subject to the option award vested on October 26, 2017, and thereafter one-forty-eighths of the shares subject to the option award vested monthly, subject to the Reporting Person's continuous service.