Form 4 for ACVA ACV Auctions Inc.
Accepted 2021-08-03 00:00:00 ET · period of report 2021-07-30 · accession 0001209191-21-049417 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-08-03 | 2021-07-30 | ACVA | Anderson Craig Eric | CLO, CCDSO | S - Sale | $23.10 | -40.0K | 0 | -100% | -$924.0K |
| D | 2021-08-03 | 2021-07-30 | ACVA | Anderson Craig Eric | CLO, CCDSO | C - Cnv Deriv | — | +40.0K | 40.0K | New | — |
| D | 2021-08-03 | 2021-07-30 | ACVA | Anderson Craig Eric | CLO, CCDSO | C - Cnv Deriv | $0.00 | -40.0K | 0 | -100% | $0 |
| DM | 2021-08-03 | 2021-07-30 | ACVA | Anderson Craig Eric | CLO, CCDSO | M - OptEx | $0.00 | 0 | 499.0K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2021-07-30 | S | D | 40,000 | $23.10 | 0 | D | — | — | (F3) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.88 to $23.39, 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 ranges set forth in footnote (3). |
| 2 | Common | Class A Common Stock | 2021-07-30 | C | A | 40,000 | — | 40,000 | D | — | — | (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. |
| 3 | Derivative | Class B Common Stock | 2021-07-30 | C | D | 40,000 | $0.00 | 0 | D | — · — to — | 40,000 Class A Common Stock | (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. |
| 4 | Derivative | Class B Common Stock | 2021-07-30 | M | A | 40,000 | $0.00 | 40,000 | D | — · — to — | 40,000 Class A Common Stock | (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. |
| 5 | Derivative | Employee Stock Option (Right to Buy) | 2021-07-30 | M | D | 40,000 | $0.00 | 498,998 | D | $0.66 · — to 2028-06-17 | 40,000 Class B Common Stock | (F4) 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. |