Robert P. Goodman - Sep 9, 2021 Form 4 Insider Report for ACV Auctions Inc. (ACVA)

Role
Director
Signature
/s/ Robert P. Goodman
Stock symbol
ACVA
Transactions as of
Sep 9, 2021
Transactions value $
-$1,101,048
Form type
4
Date filed
9/13/2021, 05:50 PM
Previous filing
Aug 18, 2021
Next filing
Sep 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACVA Class A Common Stock Sale -$642K -31.8K -6.37% $20.21 467K Sep 9, 2021 Direct F1, F2
transaction ACVA Class A Common Stock Sale -$459K -22.8K -3.65% $20.12 603K Sep 10, 2021 Direct F3, F4
holding ACVA Class A Common Stock 37K Sep 9, 2021 See footnote F5, F6
holding ACVA Class A Common Stock 65.3K Sep 9, 2021 See footnote F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 9, 2021, the Reporting Person sold 31,755 shares of Class A Common Stock of the Issuer (the "Shares"). The Shares were sold in multiple executions at a price per share ranging from $20.01 to $20.38, with an average execution price per share of $20.21. The Reporting Person hereby undertakes, upon request of the Staff of the U.S. Securities and Exchange Commission, the Issuer or a security holder of the Issuer, to provide full information regarding such individual executions.
F2 Includes 160,018 shares of Class A Common Stock received by the Reporting Person in one or more pro rata distributions-in-kind from Bessemer Venture Partners IX L.P. ("BVP IX"), Bessemer Venture Partners IX Institutional L.P. ("BVP IX Inst"), 15 Angels III LLC. ("15 Angels"), Deer IX & Co. Ltd. ("Deer Ltd."), and Deer IX & Co. L.P. ("Deer L.P." together with BVP IX Inst, BVP IX, 15 Angels, and Deer Ltd. the "BVP IX Entities"), on August 19, 2021, which distributions were made in accordance with the exemption afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended (the "Exchange Act").
F3 On September 10, 2021, the Reporting Person sold 22,827 shares of Class A Common Stock of the Issuer (the "Second Shares"). The Second Shares were sold in multiple executions at a price per share ranging from $20.00 to $20.41, with an average execution price per share of $20.12. The Reporting Person hereby undertakes, upon request of the Staff of the U.S. Securities and Exchange Commission, the Issuer or a security holder of the Issuer, to provide full information regarding such individual executions.
F4 Includes 158,938 shares of Class A Common Stock received by the Reporting Person in one or more pro rata distributions-in-kind from the BVP IX Entities on September 10, 2021, which distributions were made in accordance with the exemption afforded by Rules 16a-13 and 16a-9 of the Exchange Act.
F5 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.
F6 Includes 7,394 shares and 7,391 shares of Class A Common Stock received by NB Group in one or more pro rata distributions-in-kind from the BVP IX Entities on August 19, 2021 and September 10, 2021, respectively, which distributions were made in accordance with the exemption afforded by Rules 16a-13 and 16a-9 of the Exchange Act.
F7 The shares reported are held by Cracktuxet II, LLC ("Cracktuxet II"). Cracktuxet II 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.
F8 Includes 13,061 shares and 13,061 shares of Class A Common Stock received by Cracktuxet II in one or more pro rata distributions-in-kind from the BVP IX Entities on August 19, 2021 and September 10, 2021, respectively, which distributions were made in accordance with the exemption afforded by Rules 16a-13 and 16a-9 of the Exchange Act.