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