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

Reporting relationship: Chief Operating Officer
Issuer ticker: ACVA
Reported as of: 28 May 2024
Net transaction value: -$283,258
SEC form: 4
Accepted by SEC: 03 Jul 2025, 18:19:51 UTC
Prior SEC filing: 05 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

Vikas Mehta filed Form 4 for ACV Auctions Inc. (ACVA) on 03 Jul 2025.

Key facts

This page summarizes Vikas Mehta's Form 4 filing for ACV Auctions Inc. (ACVA).
5 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 03 Jul 2025, 18:19.

Change

Previous filing in this sequence was filed on 05 Apr 2024.
Current net transaction value: -$283,258.

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 0001852328 Primary reporting owner

Mehta Vikas

Relationship: Chief Operating 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: -60,912
Change %: -9.1%
Price: $0.000000
Shares after: 608,674
Date: 28 May 2024
Ownership: Direct
Footnotes: F1, F2

ACVA transaction

Common Stock

Tax liability

Transaction value: $73,946
Shares: -4,487
Change %: -0.74%
Price: $16.48
Shares after: 604,187
Date: 01 Jul 2025
Ownership: Direct
Footnotes: F1, F3

ACVA transaction

Common Stock

Tax liability

Transaction value: $105,175
Shares: -6,382
Change %: -1.1%
Price: $16.48
Shares after: 597,805
Date: 01 Jul 2025
Ownership: Direct
Footnotes: F1, F3

ACVA transaction

Common Stock

Tax liability

Transaction value: $104,137
Shares: -6,319
Change %: -1.1%
Price: $16.48
Shares after: 592,565
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: +60,912
Change %
Price: $0.000000
Shares after: 60,912
Date: 28 May 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 60,912
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 1,079 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.