ACV Auctions Inc
For the period ended Dec 31, 2024. Filed Feb 19, 2025.
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FY2024 · Filed Feb 19, 2025
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Item 9B. Other Information
Our Section 16 officers (as defined in Rule 16a-1 under the Exchange Act) may from time to time enter into plans for the purchase or sale of ACV stock that are intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act.
During the quarter ended December 31, 2024, the following Section 16 officers adopted, modified, or terminated “Rule 10b5-1 trading arrangements” (as defined in Item 408 under Regulation S-K of the Exchange Act):
On December 10, 2024, Michael Waterman, ACV's Chief Sales Officer, adopted a trading plan. Mr. Waterman's trading plan provides for the sale of up to 462,137 shares plus a number of shares to be determined based on net vesting of RSUs and shares remaining from prior trading plan sales. The first trade will not occur until March 11, 2025 at the earliest. Mr. Waterman's trading plan is scheduled to terminate on December 26, 2025.
On December 11, 2024, Vikas Mehta, ACV's Chief Operating Officer, adopted a trading plan. Mr. Mehta's trading plan provides for the sale of up to 100,689 shares plus a number of shares to be determined based on net vesting of RSUs. The first trade will not occur until March 12, 2025 at the earliest. Mr. Mehta's trading plan is scheduled to terminate on December 26, 2025.
On December 13, 2024, Andrew Peer, ACV's Chief Accounting Officer, adopted a trading plan. Mr. Peer's trading plan provides for the sale of up to 15,992 shares plus a number of shares to be determined based on net vesting of RSUs. The first trade will not occur until March 14, 2025 at the earliest. Mr. Peer's trading plan is scheduled to terminate on September 13, 2025.
On December 13, 2024, George Chamoun, ACV's Chief Executive Officer, adopted a trading plan. Mr. Chamoun's trading plan provides for the sale of up to 700,000 shares. The first trade will not occur until March 18, 2025 at the earliest. Mr. Chamoun's trading plan is scheduled to terminate on September 12, 2025.
The Rule 10b5-1 trading arrangements described above were adopted and precleared in accordance with ACV’s Insider Trading Policy and actual sale transactions made pursuant to such trading arrangements will be disclosed publicly in future Section 16 filings with the SEC. Other than disclosed above, no other officer adopted, modified orterminated a Rule 10b5-1 trading arrangement or “non-Rule 10b5-1 trading arrangement” (as defined in Item 408 of Regulation S-K) during the quarter ending December 31, 2024.
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