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ACV Auctions Inc. — Director's Dealing 2021
Oct 18, 2021
31779_dirs_2021-10-18_fd0896ab-f4a8-4f02-9245-7d6f79cf60c3.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ACV Auctions Inc. (ACVA)
CIK: 0001637873
Period of Report: 2021-10-14
Reporting Person: Anderson Craig Eric (CCDSO and Chief Legal Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-10-14 | Class A Common Stock | C | 5000 | — | Acquired | 5000 | Direct |
| 2021-10-14 | Class A Common Stock | S | 5000 | $20.00 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-10-14 | Employee Stock Option (Right to Buy) | $0.66 | M | 5000 | Disposed | 2028-06-17 | Class B Common Stock (5000) | Direct |
| 2021-10-14 | Class B Common Stock | $ | M | 5000 | Acquired | Class A Common Stock (5000) | Direct | |
| 2021-10-14 | Class B Common Stock | $ | C | 5000 | Disposed | Class A Common Stock (5000) | Direct |
Footnotes
F1: 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.
F2: Shares sold pursuant to a Rule 10b5-1 trading plan.
F3: 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.