0001209191-23-059488.txt : 20231221 0001209191-23-059488.hdr.sgml : 20231221 20231221185537 ACCESSION NUMBER: 0001209191-23-059488 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20231219 FILED AS OF DATE: 20231221 DATE AS OF CHANGE: 20231221 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: 231506792 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 doc4.xml FORM 4 SUBMISSION X0508 4 2023-12-19 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 2023-12-19 4 M 0 40252 A 239665 D Class A Common Stock 2023-12-19 4 S 0 40252 14.86 D 199413 D Class A Common Stock 2023-12-20 4 M 0 73016 A 272429 D Class A Common Stock 2023-12-20 4 S 0 73016 14.72 D 199413 D Class A Common Stock 2023-12-21 4 M 0 58883 A 258296 D Class A Common Stock 2023-12-21 4 S 0 58883 14.97 D 199413 D Employee Stock Option (Right to Buy) 0.66 2023-12-19 4 M 0 40252 0.00 D 2028-06-17 Class B Common Stock 40252 287811 D Class B Common Stock 2023-12-19 4 M 0 40252 0.66 A Class A Common Stock 40252 167568 D Class B Common Stock 2023-12-19 4 C 0 40252 0.00 D Class A Common Stock 40252 127316 D Employee Stock Option (Right to Buy) 0.66 2023-12-20 4 M 0 73016 0.00 D 2028-06-17 Class B Common Stock 73016 214795 D Class B Common Stock 2023-12-20 4 M 0 73016 0.66 A Class A Common Stock 73016 200332 D Class B Common Stock 2023-12-20 4 C 0 73016 0.00 D Class A Common Stock 73016 127316 D Employee Stock Option (Right to Buy) 0.66 2023-12-21 4 M 0 58883 0.00 D 2028-06-17 Class B Common Stock 58883 155912 D Class B Common Stock 2023-12-21 4 M 0 58883 0.66 A Class A Common Stock 58883 186199 D Class B Common Stock 2023-12-21 4 C 0 58883 0.00 D Class A Common Stock 58883 127316 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 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 $14.71 to $15.02 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.59 to $14.94 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. 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 $15.09 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 2023-12-21