Form 4 for ACVA ACV Auctions Inc.
Accepted 2021-09-03 00:00:00 ET · period of report 2021-09-02 · accession 0001209191-21-054778 · 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 | 2021-09-03 | 2021-09-02 | ACVA | Anderson Craig Eric | CLO, CCDSO | C - Cnv Deriv | — | +5,000 | 5,000 | New | — |
| D | 2021-09-03 | 2021-09-02 | ACVA | Anderson Craig Eric | CLO, CCDSO | S - Sale | $20.00 | -5,000 | 0 | -100% | -$100.0K |
| DM | 2021-09-03 | 2021-09-02 | ACVA | Anderson Craig Eric | CLO, CCDSO | M - OptEx | $0.33 | 0 | 5,000 | New | $0 |
| D | 2021-09-03 | 2021-09-02 | ACVA | Anderson Craig Eric | CLO, CCDSO | C - Cnv Deriv | $0.00 | -5,000 | 0 | -100% | $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 | 2021-09-02 | C | A | 5,000 | — | 5,000 | 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. |
| 2 | Common | Class A Common Stock | 2021-09-02 | S | D | 5,000 | $20.00 | 0 | D | — | — | |
| 3 | Derivative | Employee Stock Option (Right to Buy) | 2021-09-02 | M | D | 5,000 | $0.00 | 486,498 | D | $0.66 · — to 2028-06-17 | 5,000 Class B Common Stock | (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. |
| 4 | Derivative | Class B Common Stock | 2021-09-02 | C | D | 5,000 | $0.00 | 0 | D | — · — to — | 5,000 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 | Class B Common Stock | 2021-09-02 | M | A | 5,000 | $0.66 | 5,000 | D | — · — to — | 5,000 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. |