Brian Hirsch - 31 Dec 2024 Form 4 Insider Report for ACV Auctions Inc. (ACVA)

Role
Director
Signature
/s/ Brian Hirsch
Issuer symbol
ACVA
Transactions as of
31 Dec 2024
Transactions value $
$0
Form type
4
Filing time
18 Feb 2025, 16:15:06 UTC
Previous filing
13 Nov 2024
Next filing
30 May 2025
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 +1.4M 1.4M 31 Dec 2024 By Tribeca Venture Fund II, L.P. F1, F2
transaction ACVA Class A Common Stock Conversion of derivative security +466K 466K 31 Dec 2024 By Tribeca Venture Fund II New York, L.P. F1, F3
holding ACVA Class A Common Stock 9.24K 31 Dec 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 -1.4M -100% 0 31 Dec 2024 Class A Common Stock 1.4M By Tribeca Venture Fund II, L.P. F1, F2
transaction ACVA Class B Common Stock Conversion of derivative security -466K -100% 0 31 Dec 2024 Class A Common Stock 466K By Tribeca Venture Fund II New York, L.P. F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 31, 2024, which was the "Final Conversion Date" as defined in the Issuer's amended and restated certificate of incorporation, each share of the Issuer's Class B Common Stock automatically converted into one share of Class A Common Stock per the amended and restated certificate of incorporation.
F2 The shares are held by Tribeca Venture Fund II, L.P. ("TVFII"). Tribeca Venture Partners II GP, LLC ("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.