0001209191-21-066467.txt : 20211123 0001209191-21-066467.hdr.sgml : 20211123 20211123164324 ACCESSION NUMBER: 0001209191-21-066467 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20211122 FILED AS OF DATE: 20211123 DATE AS OF CHANGE: 20211123 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Anderson Craig Eric CENTRAL INDEX KEY: 0001852174 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40256 FILM NUMBER: 211439101 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] 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 doc4.xml FORM 4 SUBMISSION X0306 4 2021-11-22 0 0001637873 ACV Auctions Inc. ACVA 0001852174 Anderson Craig Eric C/O ACV AUCTIONS INC. 640 ELLICOTT STREET, #321 BUFFALO NY 14203 0 1 0 0 CCDSO and Chief Legal Officer Class A Common Stock 2021-11-22 4 C 0 5000 A 5000 D Class A Common Stock 2021-11-22 4 S 0 5000 21.92 D 0 D Employee Stock Option (Right to Buy) 0.66 2021-11-22 4 M 0 5000 0.00 D 2028-06-17 Class B Common Stock 5000 476498 D Class B Common Stock 2021-11-22 4 M 0 5000 0.66 A Class A Common Stock 5000 5000 D Class B Common Stock 2021-11-22 4 C 0 5000 0.00 D Class A Common Stock 5000 0 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 first trading day on or after the date on which the outstanding shares of Class B Common Stock represent less than 5.0% of the Issuer's then-outstanding Class A and Class B Common Stock; (b) the tenth anniversary of this offering; or (c) the date specified by vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class. Shares sold pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.58 to $22.49 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 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. /s/ Trey Reilly, Attorney-in-Fact 2021-11-23