0000950170-24-002166.txt : 20240104 0000950170-24-002166.hdr.sgml : 20240104 20240104185056 ACCESSION NUMBER: 0000950170-24-002166 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240102 FILED AS OF DATE: 20240104 DATE AS OF CHANGE: 20240104 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Anderson Craig Eric CENTRAL INDEX KEY: 0001852174 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40256 FILM NUMBER: 24513869 MAIL ADDRESS: STREET 1: C/O ACV AUCTIONS INC. STREET 2: 640 ELLICOTT STREET, #321 CITY: BUFFALO STATE: NY ZIP: 14203 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 2024-01-02 0001637873 ACV Auctions Inc. ACVA 0001852174 Anderson Craig Eric C/O ACV AUCTIONS INC. 640 ELLICOTT ST., SUITE 321 BUFFALO NY 14203 false true false false CCDSO true Class A Common Stock 2024-01-02 4 M false 52849 A 252630 D Class A Common Stock 2024-01-02 4 S false 52849 14.89 D 199781 D Class A Common Stock 2024-01-02 4 M false 76703 A 276484 D Class A Common Stock 2024-01-02 4 S false 76703 14.89 D 199781 D Class A Common Stock 2024-01-02 4 F false 3070 14.89 D 196711 D Class A Common Stock 2024-01-02 4 F false 5185 14.89 D 191526 D Class A Common Stock 2024-01-03 4 M false 48297 A 239823 D Class A Common Stock 2024-01-03 4 S false 48297 14.43 D 191526 D Employee Stock Option (Right to Buy) 0.66 2024-01-02 4 M false 52849 0 D 2028-06-17 Class B Common Stock 52849 103063 D Class B Common Stock 2024-01-02 4 M false 52849 0.66 A Class A Common Stock 52849 180165 D Class B Common Stock 2024-01-02 4 C false 52849 0 D Class A Common Stock 52849 127316 D Employee Stock Option (Right to Buy) 2.44 2024-01-02 4 M false 76703 0 D 2029-08-29 Class B Common Stock 76703 98297 D Class B Common Stock 2024-01-02 4 M false 76703 2.44 A Class A Common Stock 76703 204019 D Class B Common Stock 2024-01-02 4 C false 76703 0 D Class A Common Stock 76703 127316 D Class B Common Stock 2024-01-02 4 F false 7014 14.89 D Class A Common Stock 7014 120302 D Employee Stock Option (Right to Buy) 2.44 2024-01-03 4 M false 48297 14.43 D 2029-08-29 Class B Common Stock 48297 50000 D Class B Common Stock 2024-01-03 4 M false 48297 2.44 A Class A Common Stock 48297 168599 D Class B Common Stock 2024-01-03 4 C false 48297 0 D Class A Common Stock 48297 120302 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. Includes 368 shares acquired pursuant to the Company's 2021 Employee Stock Purchase Plan ("ESPP") for the purchase period 6/1/2023 to 11/30/2023. Shares sold pursuant to a Rule 10b5-1 trading plan entered into on September 15, 2023. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.70 to $15.08 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 sold 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.30 to $14.68 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 sold 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 June 7, 2019, 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. One-fourth (1/4th) of the shares subject to the option award vested on August 29, 2019, 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 2024-01-04