Form Type: 4

SEC EDGAR Link
Accession Number:0001209191-22-061469
Date:2022-12-14
Issuer: ACV AUCTIONS INC. (ACVA)
Original Submission Date:

Reporting Person:

ZERELLA WILLIAM
C/O ACV AUCTIONS INC.
640 ELLICOTT ST., SUITE 321 BUFFALO, NY 14203

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
CLASS B COMMON STOCK 0.0 2022-12-14 deemed execution date F 2,050 (d) class a common stock 2,050 $0.00 208,600 direct
Footnotes
IDfootnote
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 these shares were withheld by the issuer to cover the tax liability upon the vesting of a time-based restricted stock unit previously granted, and does not represent a discretionary sale by the reporting person.
f3 includes shares previously reported as restricted stock units.
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