Director at ACV Auctions (NASDAQ: ACVA) granted 27,500 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GOODMAN ROBERT P reported acquisition or exercise transactions in this Form 4 filing.
ACV Auctions Inc. director Robert P. Goodman received a grant of 27,500 Restricted Stock Units (RSUs) of Class A common stock. The award was granted at a price of $0.00 per share and is compensation, not an open-market purchase.
Each RSU represents one share and will vest on the first anniversary of the Refresher Grant Date, or sooner on the day immediately preceding the next Annual Meeting, subject to his Continuous Service. Following this grant, Goodman holds 421,826 shares directly, plus additional indirect holdings through Cracktuxet II, LLC, NB Group, LLC, and Katama Point LLC, for which he disclaims beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
GOODMAN ROBERT P
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 27,500 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 421,826 shares (Direct, null);
Common Stock — 912,408 shares (Indirect, See footnote)
Footnotes (1)
- The shares reported in this transaction represent Refresher Grant Restricted Stock Units ("RSUs"), each RSU represents the contingent right to receive one share of the Issuer's Class A common stock. The RSUs will vest on the first anniversary of the Refresher Grant Date, provided that, the RSUs shall become fully vested as of the day immediately preceding the next Annual Meeting, if sooner. Vesting of the RSUs is subject in all cases to the Eligible Director's Continuous Service (as defined in the Plan) through each such applicable vesting date. Includes 19,107 shares received by the Reporting Person related to equity grants issued by the Company. The Reporting Person has agreed to assign to Deer Management Co. LLC ("DMC") the right to any shares issuable pursuant to this grant or any proceeds from the sale thereof. The shares reported are held by Cracktuxet II, LLC ("Cracktuxet"). Cracktuxet is controlled by the Reporting Person, and the Reporting Person disclaims beneficial ownership of the shares held by this entity, except to the extent of his pecuniary interest therein, if any. The shares reported are held by NB Group, LLC ("NB Group"). NB Group is controlled by the Reporting Person, and the Reporting Person disclaims beneficial ownership of the shares held by this entity, except to the extent of his pecuniary interest therein, if any. The shares reported are held by Katama Point LLC ("Katama"). Katama is controlled by the Reporting Person, and the Reporting Person disclaims beneficial ownership of the shares held by this entity, except to the extent of his pecuniary interest therein, if any.
Key Figures
RSU grant size: 27,500 RSUs
Grant price: $0.00 per share
Direct holdings after grant: 421,826 shares
+4 more
7 metrics
RSU grant size
27,500 RSUs
Refresher Grant to director on transaction date
Grant price
$0.00 per share
Stated price for RSU award
Direct holdings after grant
421,826 shares
Common stock directly held following RSU award
Cracktuxet II, LLC holdings
13,063 shares
Indirect ACV Auctions shares held via Cracktuxet II, LLC
NB Group, LLC holdings
7,392 shares
Indirect ACV Auctions shares held via NB Group, LLC
Katama Point LLC holdings
912,408 shares
Indirect ACV Auctions shares held via Katama Point LLC
Assigned-rights shares
19,107 shares
Shares for which rights are assigned to Deer Management Co. LLC
Key Terms
Restricted Stock Units, Refresher Grant Date, Continuous Service, pecuniary interest, +1 more
5 terms
Restricted Stock Units financial
"Refresher Grant Restricted Stock Units ("RSUs"), each RSU represents the contingent right"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Refresher Grant Date financial
"The RSUs will vest on the first anniversary of the Refresher Grant Date"
Continuous Service financial
"Vesting of the RSUs is subject in all cases to the Eligible Director's Continuous Service"
pecuniary interest financial
"disclaims beneficial ownership of the shares held by this entity, except to the extent of his pecuniary interest"
Annual Meeting financial
"shall become fully vested as of the day immediately preceding the next Annual Meeting, if sooner"
A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.
FAQ
What did ACV Auctions (ACVA) director Robert P. Goodman report in this Form 4?
Robert P. Goodman reported receiving 27,500 Restricted Stock Units (RSUs) of ACV Auctions Class A common stock. The filing also updates his direct and indirect share holdings, reflecting current ownership positions after this compensation-related equity grant.
When do Robert P. Goodman’s new ACV Auctions (ACVA) RSUs vest?
The RSUs vest on the first anniversary of the Refresher Grant Date. They may vest earlier on the day immediately preceding the next Annual Meeting, provided he maintains Continuous Service as an eligible director through the applicable vesting date.
What are Robert P. Goodman’s direct holdings of ACV Auctions (ACVA) after this Form 4?
After the grant, Goodman directly holds 421,826 shares of ACV Auctions common stock. This figure includes 19,107 shares from prior equity grants for which he has agreed to assign economic rights to Deer Management Co. LLC.
What indirect ACV Auctions (ACVA) holdings are associated with entities linked to Robert P. Goodman?
Indirect holdings are reported through Cracktuxet II, LLC with 13,063 shares, NB Group, LLC with 7,392 shares, and Katama Point LLC with 912,408 shares. Goodman controls these entities but disclaims beneficial ownership except to any pecuniary interest.