0001628280-24-016620.txt : 20240417
0001628280-24-016620.hdr.sgml : 20240417
20240417172046
ACCESSION NUMBER: 0001628280-24-016620
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240415
FILED AS OF DATE: 20240417
DATE AS OF CHANGE: 20240417
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: 24852039
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
wk-form4_1713388835.xml
FORM 4
X0508
4
2024-04-15
0
0001637873
ACV Auctions Inc.
ACVA
0001493307
ZERELLA WILLIAM
C/O ACV AUCTIONS INC.
640 ELLICOTT ST., SUITE 321
BUFFALO
NY
14203
0
1
0
0
Chief Financial Officer
1
Class A Common Stock
2024-04-16
4
M
0
25000
A
339151
D
Class A Common Stock
2024-04-16
4
C
0
7500
A
346651
D
Class A Common Stock
2024-04-16
4
S
0
32500
17.17
D
314151
D
Class B Common Stock
2024-04-15
4
F
0
2050
16.96
D
Class A Common Stock
2050
129947
D
Employee Stock Option (Right to Buy)
5.42
2024-04-16
4
M
0
25000
0
D
2030-10-26
Class B Common Stock
25000
896239
D
Class B Common Stock
2024-04-16
4
M
0
25000
5.42
A
Class A Common Stock
25000
154947
D
Class B Common Stock
2024-04-16
4
C
0
25000
0
D
Class A Common Stock
25000
129947
D
Class B Common Stock
2024-04-16
4
C
0
7500
0
D
Class A Common Stock
7500
122447
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 $16.75 to $17.38 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.
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.
Includes shares previously reported as restricted stock units.
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.
/s/ Michelle Webb, Attorney-in-Fact
2024-04-17