0001628280-24-027582.txt : 20240610
0001628280-24-027582.hdr.sgml : 20240610
20240610174937
ACCESSION NUMBER: 0001628280-24-027582
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240606
FILED AS OF DATE: 20240610
DATE AS OF CHANGE: 20240610
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Castillo Kirsten
CENTRAL INDEX KEY: 0001808806
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40256
FILM NUMBER: 241033964
MAIL ADDRESS:
STREET 1: 5 GREAT VALLEY PARKWAY, SUITE 160
CITY: MALVERN
STATE: PA
ZIP: 19355
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_1718056170.xml
FORM 4
X0508
4
2024-06-06
0
0001637873
ACV Auctions Inc.
ACVA
0001808806
Castillo Kirsten
C/O ACV AUCTIONS INC.
640 ELLICOTT ST. # 321
BUFFALO
NY
14203
1
0
0
0
0
Class A Common Stock
2024-06-06
4
M
0
15000
A
24239
D
Class A Common Stock
2024-06-06
4
S
0
15000
17.68
D
9239
D
Class A Common Stock
2024-06-07
4
M
0
5000
A
14239
D
Class A Common Stock
2024-06-07
4
S
0
5000
17.82
D
9239
D
Stock Option (Right to Buy)
5.42
2024-06-06
4
M
0
15000
0
D
2030-10-26
Class B Common Stock
15000
18417
D
Class B Common Stock
2024-06-06
4
M
0
15000
5.42
A
Class A Common Stock
15000
15000
D
Class B Common Stock
2024-06-06
4
C
0
15000
0
D
Class A Common Stock
15000
0
D
Stock Option (Right to Buy)
5.42
2024-06-07
4
M
0
5000
0
D
2030-10-26
Class B Common Stock
5000
13417
D
Class B Common Stock
2024-06-07
4
M
0
5000
5.42
A
Class A Common Stock
5000
5000
D
Class B Common Stock
2024-06-07
4
C
0
5000
0
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 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.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.66 to $17.78 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 $17.75 to $17.91 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 stock options vested or shall vest in twelve (12) equal quarterly installments, with the first vesting having occurred on January 7, 2021,
subject to the Reporting Person's continuous service through each such date.
/s/ Michelle Webb, Attorney-in-Fact
2024-06-10