Anderson Craig Eric's Form 4 filing
ACV Auctions Inc. (ACVA) · filed Feb 29, 2024
- Accession no.
- 0000950170-24-023238
- Filed
- Feb 29, 2024
- Trade date
- Feb 28, 2024
- Filing delay
- 1 day
- Rule 10b5-1 plan
- Checked
This filing lists 2 non-derivative transactions and 3 derivative transactions. Open-market sales total $90.0K. It was filed 1 day after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Anderson Craig EricCIK 0001852174 | Officer (CCDSO) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Feb 28, 2024 | Class B Common Stock | MOption exerciseDisposed | −5,000 | $0.00 | $0 | 98,063 | Direct | |
| Feb 28, 2024 | Class A Common Stock | MOption exerciseAcquired | +5,000 | $0.66 | +$3,300 | 125,302 | Direct | |
| Feb 28, 2024 | Class A Common Stock | CConversionDisposed | −5,000 | $0.00 | $0 | 120,302 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- 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.
Referenced by the price of 1 transaction in Table I.
- F3
These shares were sold in a single transaction for $18.00 per share.
Referenced by the price of 1 transaction in Table I.