Brian Hirsch - 06 Mar 2024 Form 4 Insider Report for ACV Auctions Inc. (ACVA)

Role
Director
Signature
/s/ Brian Hirsch
Issuer symbol
ACVA
Transactions as of
06 Mar 2024
Net transactions value
-$6,332,691
Form type
4
Filing time
08 Mar 2024, 18:15:29 UTC
Previous filing
07 Sep 2023
Next filing
13 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACVA Class A Common Stock Conversion of derivative security +1,164,242 1,164,242 06 Mar 2024 By Tribeca Venture Fund II, L.P. F1, F2
transaction ACVA Class A Common Stock Conversion of derivative security +388,081 388,081 06 Mar 2024 By Tribeca Venture Fund II New York, L.P. F1, F3
transaction ACVA Class A Common Stock Sale $530,273 -29,072 -2.5% $18.24 1,135,170 06 Mar 2024 Tribeca Venture Fund II, L.P. F2, F4
transaction ACVA Class A Common Stock Sale $176,764 -9,691 -2.5% $18.24 378,390 06 Mar 2024 Tribeca Venture Fund II New York, L.P. F3, F4
transaction ACVA Class A Common Stock Sale $903,460 -50,304 -4.4% $17.96 1,084,866 07 Mar 2024 By Tribeca Venture Fund II, L.P. F2, F5
transaction ACVA Class A Common Stock Sale $301,153 -16,768 -4.4% $17.96 361,622 07 Mar 2024 By Tribeca Venture Fund II New York, L.P. F3, F5
transaction ACVA Class A Common Stock Sale $3,315,776 -181,091 -17% $18.31 903,775 08 Mar 2024 By Tribeca Venture Fund II, L.P. F2, F6
transaction ACVA Class A Common Stock Sale $1,105,265 -60,364 -17% $18.31 301,258 08 Mar 2024 By Tribeca Venture Fund II New York, L.P. F3, F6
holding ACVA Class A Common Stock 168,185 06 Mar 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ACVA Class B Common Stock Conversion of derivative security -1,164,242 -20% 4,656,968 06 Mar 2024 Class A Common Stock 1,164,242 By Tribeca Venture Fund II, L.P. F1, F2, F7
transaction ACVA Class B Common Stock Conversion of derivative security -388,081 -20% 1,552,324 06 Mar 2024 Class A Common Stock 388,081 By Tribeca Venture Fund II New York, L.P. F1, F3, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares of Class B common stock were converted into Class A common stock on a one-for-one basis for no additional consideration.
F2 The shares are held by Tribeca Venture Fund II, L.P. ("TVFII"). TVP II GP is the general partner of TVFII. The Reporting Person is a managing partner of TVP II GP. The Reporting Person disclaims beneficial ownership of the shares held by TVFII, except to the extent of his pecuniary interest, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such shares.
F3 The shares are held by Tribeca Venture Fund II New York, L.P. ("TVFII NY"). TVP II GP is the general partner of TVFII NY. The Reporting Person is a managing partner of TVP II GP. The Reporting Person disclaims beneficial ownership of the shares held by TVFII NY, except to the extent of his pecuniary interest, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such shares.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.13 to $18.41 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.64 to $18.33 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.84 to $18.67 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F7 Each share of Class B common stock will convert automatically into one share of Class A common stock for no consideration upon any transfer, except for certain permitted transfers, and has no expiration date.