Leanne Fitzgerald - 28 May 2024 Form 4 Insider Report for ACV Auctions Inc. (ACVA)

Reporting relationship: Chief Legal Officer
Issuer ticker: ACVA
Reported as of: 28 May 2024
Net transaction value: -$271,772
SEC form: 4
Accepted by SEC: 03 Jul 2025, 18:17:48 UTC
Prior SEC filing: 03 Apr 2024
Next SEC filing: 03 Jul 2024
Source filing: View source filing
Reporting owner signature: /s/ Michelle Webb, Attorney-in-Fact

Key filing fact

Leanne Fitzgerald filed Form 4 for ACV Auctions Inc. (ACVA) on 03 Jul 2025.

Key facts

This page summarizes Leanne Fitzgerald's Form 4 filing for ACV Auctions Inc. (ACVA).
6 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 03 Jul 2025, 18:17.

Change

Previous filing in this sequence was filed on 03 Apr 2024.
Current net transaction value: -$271,772.

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 0001783261 Primary reporting owner

Fitzgerald Leanne

Relationship: Chief Legal Officer
Address: C/O ACV AUCTIONS INC., 640 ELLICOTT ST., SUITE 321, BUFFALO
Signature: /s/ Michelle Webb, Attorney-in-Fact
Signature date: 03 Jul 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ACVA transaction

Common Stock

Other

Transaction value: $0
Shares: -40,102
Change %: -8.4%
Price: $0.000000
Shares after: 438,569
Date: 28 May 2024
Ownership: Direct
Footnotes: F1, F2

ACVA transaction

Common Stock

Tax liability

Transaction value: $48,188
Shares: -2,924
Change %: -0.67%
Price: $16.48
Shares after: 435,645
Date: 01 Jul 2025
Ownership: Direct
Footnotes: F1, F3

ACVA transaction

Common Stock

Tax liability

Transaction value: $95,930
Shares: -5,821
Change %: -1.3%
Price: $16.48
Shares after: 429,824
Date: 01 Jul 2025
Ownership: Direct
Footnotes: F1, F3

ACVA transaction

Common Stock

Tax liability

Transaction value: $68,524
Shares: -4,158
Change %: -0.97%
Price: $16.48
Shares after: 425,666
Date: 01 Jul 2025
Ownership: Direct
Footnotes: F1, F3

ACVA transaction

Common Stock

Tax liability

Transaction value: $59,130
Shares: -3,588
Change %: -0.84%
Price: $16.48
Shares after: 422,495
Date: 01 Jul 2025
Ownership: Direct
Footnotes: F1, F3, F4

Reported derivative securities

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

ACVA transaction Derivative

Performance Stock Unit

Other

Transaction value: $0
Shares: +40,102
Change %
Price: $0.000000
Shares after: 40,102
Date: 28 May 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 40,102
Exercise price: $0.000000
Footnotes: F2, F5

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

The company's stock previously referred to as Class A Common Stock is now referred to as Common Stock following changes made to the company's articles of incorporation. There was no change to any rights related to the stock.

Footnote F2

In a Form 4 filed on June 3, 2024 the PSU grant reflected here, due to an administrative error, was reported as Class A Common Stock in Table I rather than a PSU grant in Table II. The PSUs are hereby being removed from Table I and correctly reported in Table II.

Footnote F3

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 F4

Includes 417 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 F5

The PSUs are subject to both service-based vesting conditions and a requirement that the average closing price of the Class A Common Stock of Company, as measured over a period of 30 trading days commencing at the grant date and ending July 1, 2027, equals or exceeds a designated level (the "Stock Price Condition"). The PSUs will vest in one-third installments on each of July 1, 2025, 2026 and 2027, provided that the Stock Price Condition has been satisfied prior to the relevant date. If the Stock Price Condition has not yet been satisfied prior to the relevant date, then the PSUs that otherwise would have vested on such date will remain unvested unless and until the Stock Price Condition has been satisfied, subject to the Reporting Person's continuous service through the relevant vesting date.