Robert P. Goodman - Nov 26, 2021 Form 4 Insider Report for ACV Auctions Inc. (ACVA)

Role
Director
Signature
/s/ Robert P. Goodman
Stock symbol
ACVA
Transactions as of
Nov 26, 2021
Transactions value $
-$1,446,675
Form type
4
Date filed
11/30/2021, 05:18 PM
Previous filing
Nov 26, 2021
Next filing
Dec 2, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACVA Class A Common Stock Sale -$248K -11.7K -2.22% $21.10 517K Nov 26, 2021 Direct F1
transaction ACVA Class A Common Stock Sale -$43.6K -2.07K -6.33% $21.10 30.6K Nov 26, 2021 See footnote F2, F3
transaction ACVA Class A Common Stock Sale -$76.6K -3.65K -6.33% $21.00 54K Nov 26, 2021 See footnote F4, F5
transaction ACVA Class A Common Stock Sale -$250K -11.7K -2.39% $21.30 479K Nov 29, 2021 Direct F6
transaction ACVA Class A Common Stock Sale -$300K -14.1K -46.02% $21.30 16.5K Nov 29, 2021 See footnote F3, F7
transaction ACVA Class A Common Stock Sale -$529K -24.9K -46.02% $21.30 29.1K Nov 29, 2021 See footnote F5, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 26, 2021, the Reporting Person sold 11,737 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 $21.00 to $21.21, with an average execution price per share of $21.10. 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 On November 26, 2021, the NB Group, LLC ("NB Group") sold 4,338 shares of Class A Common Stock of the Issuer (the "NB Shares"). The NB Shares were sold in multiple executions at a price per share ranging from $21.00 to $21.21, with an average execution price per share of $21.10. 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.
F3 The shares reported are held by the 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.
F4 On November 26, 2021, Cracktuxet II, LLC ("Cracktuxet II") sold 7,666 shares of Class A Common Stock of the Issuer (the " Cracktuxet Shares"). The Cracktuxet Shares were sold in multiple executions at a price per share ranging from $21.00 to $21.21, with an average execution price per share of $21.10. 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.
F5 The shares reported are held by 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.
F6 On November 29, 2021, the Reporting Person sold 11,737 shares of Class A Common Stock of the Issuer (the "11/29 Shares"). The 11/29 Shares were sold in multiple executions at a price per share ranging from $21.00 to $21.46, with an average execution price per share of $21.30. 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.
F7 On November 29, 2021, the NB Group sold 14,062 shares of Class A Common Stock of the Issuer (the "11/29 NB Shares"). The 11/29 NB Shares were sold in multiple executions at a price per share ranging from $21.00 to $21.46, with an average execution price per share of $21.30. 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.
F8 On November 29, 2021, Cracktuxet II sold 29,145 shares of Class A Common Stock of the Issuer (the "11/29 Cracktuxet Shares"). The 11/29 Cracktuxet Shares were sold in multiple executions at a price per share ranging from $21.00 to $21.46, with an average execution price per share of $21.30. 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.