Form 4: ACV Auctions CEO George Chamoun Exercises Stock Options, Acquires 150,000 Shares
SEC Form 4 Filing
ACV Auctions' CEO, George Chamoun, exercised stock options to acquire 150,000 shares of Class A Common Stock at $0.14 per share.
Summary
- On February 5, 2025, George Chamoun, CEO of ACV Auctions Inc., exercised employee stock options.
- He acquired 150,000 shares of Class A Common Stock at a price of $0.14 per share.
- Following the transaction, Chamoun directly owns 989,326 shares of Class A Common Stock.
- He also holds derivative securities, specifically employee stock options, for 1,702,730 shares.
- The exercised options vested according to a schedule that began on March 22, 2018.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports a standard executive stock option exercise.
Industry Context
This is a routine transaction related to executive compensation and stock option plans, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 03/22/2018 | Initial vesting date for the employee stock options. |
| 03/21/2027 | Expiration date of the employee stock options. |
| 02/05/2025 | Date of the stock option exercise and share acquisition. |
| 02/07/2025 | Date of signature for the Form 4 filing. |
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