0001628280-24-028042.txt : 20240613 0001628280-24-028042.hdr.sgml : 20240613 20240613160838 ACCESSION NUMBER: 0001628280-24-028042 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240611 FILED AS OF DATE: 20240613 DATE AS OF CHANGE: 20240613 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: 241041289 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_1718309306.xml FORM 4 X0508 4 2024-06-11 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 2024-06-11 4 M 0 25000 A 540671 D Class A Common Stock 2024-06-11 4 C 0 7500 A 548171 D Class A Common Stock 2024-06-11 4 S 0 32500 18.11 D 515671 D Class A Common Stock 2024-06-11 4 C 0 244400 A 760071 D Class A Common Stock 2024-06-11 4 S 0 244400 18.13 D 515671 D Class A Common Stock 2024-06-12 4 C 0 123700 A 639371 D Class A Common Stock 2024-06-12 4 S 0 123700 18.66 D 515671 D Employee Stock Option (Right to Buy) 5.42 2024-06-11 4 M 0 25000 0 D 2030-10-26 Class B Common Stock 25000 200000 D Class B Common Stock 2024-06-11 4 M 0 25000 5.42 A Class A Common Stock 25000 769136 D Class B Common Stock 2024-06-11 4 C 0 25000 0 D Class A Common Stock 25000 744136 D Class B Common Stock 2024-06-11 4 C 0 7500 0 D Class A Common Stock 7500 736636 D Class B Common Stock 2024-06-11 4 C 0 244400 0 D Class A Common Stock 244400 492236 D Class B Common Stock 2024-06-12 4 C 0 123700 0 D Class A Common Stock 123700 368536 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 $17.99 to $18.35 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. This sale of stock was for the purpose of covering the tax obligations and exercise price related to the Reporting Person's stock option exercise on June 3, 2024. No proceeds will be received by the Reporting Person as a result of this sale. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.99 to $18.36 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.54 to $18.76 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 2024-06-13