4//SEC Filing
Chamoun George 4
Accession 0001628280-25-031037
CIK 0001637873other
Filed
Jun 11, 8:00 PM ET
Accepted
Jun 12, 4:41 PM ET
Size
11.7 KB
Accession
0001628280-25-031037
Insider Transaction Report
Form 4
Chamoun George
DirectorChief Executive Officer
Transactions
- Sale
Class A Common Stock
2025-06-11$16.92/sh−142,422$2,409,780→ 2,746,072 total - Other
Class A Common Stock
2024-05-29−91,705→ 2,654,367 total - Sale
Class A Common Stock
2025-06-10$16.73/sh−207,578$3,472,780→ 2,888,494 total - Other
Performance Stock Unit
2024-05-29+91,705→ 91,705 totalExercise: $0.00Exp: 2027-07-01→ Class A Common Stock (91,705 underlying)
Footnotes (5)
- [F1]Shares sold pursuant to a Rule 10b5-1 trading plan enter into on December 13, 2024.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.59 to $16.92 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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.71 to $17.15 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.
- [F4]In a Form 4 filed on June 3, 2024 the PSU grant reflected here, due to an administrative error, was reported as Class A Common Stock in Table I rather than a PSU grant in Table II. The PSUs are hereby being removed from Table I and correctly reported in Table II.
- [F5]The PSUs are subject to both service-based vesting conditions and a requirement that the average closing price of the Class A Common Stock of Company, as measured over a period of 30 trading days commencing at the grant date and ending July 1, 2027, equals or exceeds a designated level (the "Stock Price Condition"). The PSUs will vest in one-third installments on each of July 1, 2025, 2026 and 2027, provided that the Stock Price Condition has been satisfied prior to the relevant date. If the Stock Price Condition has not yet been satisfied prior to the relevant date, then the PSUs that otherwise would have vested on such date will remain unvested unless and until the Stock Price Condition has been satisfied, subject to the Reporting Person's continuous service through the relevant vesting date.
Documents
Issuer
ACV Auctions Inc.
CIK 0001637873
Entity typeother
Related Parties
1- filerCIK 0001419488
Filing Metadata
- Form type
- 4
- Filed
- Jun 11, 8:00 PM ET
- Accepted
- Jun 12, 4:41 PM ET
- Size
- 11.7 KB