0001209191-23-037328.txt : 20230615
0001209191-23-037328.hdr.sgml : 20230615
20230615162043
ACCESSION NUMBER: 0001209191-23-037328
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230613
FILED AS OF DATE: 20230615
DATE AS OF CHANGE: 20230615
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: 231017622
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
X0407
4
2023-06-13
0
0001637873
ACV Auctions Inc.
ACVA
0001852174
Anderson Craig Eric
C/O ACV AUCTIONS INC.
640 ELLICOTT ST., SUITE 321
BUFFALO
NY
14203
0
1
0
0
CCDSO
1
Class A Common Stock
2023-06-13
4
M
0
15000
A
230956
D
Class A Common Stock
2023-06-13
4
S
0
15000
18.00
D
215956
D
Employee Stock Option (Right to Buy)
0.66
2023-06-13
4
M
0
15000
0.00
D
2028-06-17
Class B Common Stock
15000
343063
D
Class B Common Stock
2023-06-13
4
M
0
15000
0.66
A
Class A Common Stock
15000
155148
D
Class B Common Stock
2023-06-13
4
C
0
15000
0.00
D
Class A Common Stock
15000
140148
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 2/24/2023
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.88 to $18.18 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.
/s/ Michelle Webb, Attorney-in-fact
2023-06-15