4//SEC Filing
Castillo Kirsten 4
Accession 0001209191-23-045836
CIK 0001637873other
Filed
Aug 14, 8:00 PM ET
Accepted
Aug 15, 4:22 PM ET
Size
17.9 KB
Accession
0001209191-23-045836
Insider Transaction Report
Form 4
Castillo Kirsten
Director
Transactions
- Exercise/Conversion
Class A Common Stock
2023-08-11+30,000→ 30,000 total - Sale
Class A Common Stock
2023-08-11$15.69/sh−30,000$470,700→ 0 total - Exercise/Conversion
Stock Option (right to buy)
2023-08-11−30,000→ 33,417 totalExercise: $5.42Exp: 2030-10-26→ Class B Common Stock (30,000 underlying) - Exercise/Conversion
Class B Common Stock
2023-08-11$5.42/sh+30,000$162,600→ 30,000 total→ Class A Common Stock (30,000 underlying) - Conversion
Class B Common Stock
2023-08-11−30,000→ 0 total→ Class A Common Stock (30,000 underlying)
Footnotes (3)
- [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 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.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.50 to $15.83 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 range set forth in this footnote.
- [F3]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.
Issuer
ACV Auctions Inc.
CIK 0001637873
Entity typeother
Related Parties
1- filerCIK 0001808806
Filing Metadata
- Form type
- 4
- Filed
- Aug 14, 8:00 PM ET
- Accepted
- Aug 15, 4:22 PM ET
- Size
- 17.9 KB