0000950170-24-034936.txt : 20240321
0000950170-24-034936.hdr.sgml : 20240321
20240321192654
ACCESSION NUMBER: 0000950170-24-034936
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240319
FILED AS OF DATE: 20240321
DATE AS OF CHANGE: 20240321
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: ZERELLA WILLIAM
CENTRAL INDEX KEY: 0001493307
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40256
FILM NUMBER: 24772732
MAIL ADDRESS:
STREET 1: C/O FITBIT, INC.
STREET 2: 405 HOWARD STREET
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94105
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ACV Auctions Inc.
CENTRAL INDEX KEY: 0001637873
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389]
ORGANIZATION NAME: 07 Trade & Services
IRS NUMBER: 472415221
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 640 ELLICOTT STREET
CITY: BUFFALO
STATE: NY
ZIP: 14203
BUSINESS PHONE: 585-317-0406
MAIL ADDRESS:
STREET 1: 640 ELLICOTT STREET
CITY: BUFFALO
STATE: NY
ZIP: 14203
4
1
ownership.xml
4
X0508
4
2024-03-19
false
0001637873
ACV Auctions Inc.
ACVA
0001493307
ZERELLA WILLIAM
C/O ACV AUCTIONS INC.
640 ELLICOTT ST., SUITE 321
BUFFALO
NY
14203
false
true
false
false
Chief Financial Officer
true
Class A Common Stock
2024-03-19
4
M
false
25000
A
348286
D
Class A Common Stock
2024-03-19
4
C
false
7500
A
355786
D
Class A Common Stock
2024-03-19
4
S
false
32500
18.40
D
323286
D
Employee Stock Option (Right to Buy)
5.42
2024-03-19
4
M
false
25000
0.00
D
2030-10-26
Class B Common Stock
25000
921239
D
Class B Common Stock
2024-03-19
4
M
false
25000
5.42
A
Class A Common Stock
25000
164497
D
Class B Common Stock
2024-03-19
4
C
false
25000
0.00
D
Class A Common Stock
25000
139497
D
Class B Common Stock
2024-03-19
4
C
false
7500
0.00
D
Class A Common Stock
7500
131997
D
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.
Shares sold pursuant to a Rule 10b5-1 trading plan entered into on August 30, 2023.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.19 to $18.58 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.
One-fourth (1/4th) of the shares subject to the option award vested on September 14,2021, and thereafter one-forty-eighth of the shares subject to the option award vest monthly, subject to the Reporting Person's continuous service.
Includes shares previously reported as restricted stock units.
/s/ Michelle Webb, Attorney-in-fact
2024-03-21