Robert P. Goodman - May 17, 2024 Form 4 Insider Report for ACV Auctions Inc. (ACVA)

Role
Director
Signature
/s/ Robert P. Goodman
Stock symbol
ACVA
Transactions as of
May 17, 2024
Transactions value $
$0
Form type
4
Date filed
5/21/2024, 08:47 PM
Previous filing
May 17, 2024
Next filing
May 28, 2024

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 $0 0 $0.00* 0 May 17, 2024 See footnote F1, F2
transaction ACVA Class A Common Stock Sale $0 0 $0.00* 0 May 17, 2024 See footnote F1, F3, F6
transaction ACVA Class A Common Stock Sale $0 0 $0.00* 0 May 20, 2024 See footnote F1, F4, F6
transaction ACVA Class A Common Stock Sale $0 0 $0.00* 0 May 21, 2024 See footnote F1, F5, F6
holding ACVA Class A Common Stock 375K May 17, 2024 Direct F6
holding ACVA Class A Common Stock 7.39K May 17, 2024 See footnote F7
holding ACVA Class A Common Stock 13.1K May 17, 2024 See footnote F8

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 $0 0 $0.00* 0 May 15, 2024 Class B Common Stock 0 See footnote F1, F2, F6, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Class B Common Stock is convertible without payment or consideration into one share of Class A Common Stock at the option of the holder and has no expiration date.
F2 Represents 304,160 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX L.P. ("BVP IX"), 243,677 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX Institutional L.P. ("BVP IX Inst"), and 5,039 shares converted from Class B Common Stock to Class A Common Stock by 15 Angels III LLC. ("15 Angels" and together with BVP IX and BVP IX Inst, the "BVP IX Funds")
F3 On May 17, 2024, BVP IX, BVP IX Inst, and 15 Angels sold 94,028, 75,330, and 1,558 shares of Class A Common Stock of ACV Auctions, Inc., respectively, at a weighted average price of $18.66. These shares were sold in multiple transactions at prices ranging from $18.23 to $18.85. 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 ranges set forth in this footnote.
F4 On May 20, 2024, BVP IX, BVP IX Inst, and 15 Angels sold 67,484, 54,065, and 1,118 shares of Class A Common Stock of ACV Auctions, Inc., respectively, at a weighted average price of $18.68. These shares were sold in multiple transactions at prices ranging from $18.50 to $18.77. 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 ranges set forth in this footnote.
F5 On May 21, 2024, BVP IX, BVP IX Inst, and 15 Angels sold 142,648, 114,282, and 2,363 shares of Class A Common Stock of ACV Auctions, Inc., respectively, at a weighted average price of $18.99. These shares were sold in multiple transactions at prices ranging from $18.63 to $19.22. 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 ranges set forth in this footnote.
F6 The Reporting Person is a director of Deer IX & Co. Ltd. ("Deer IX Ltd.") which is the general partner of Deer IX & Co. L.P. ("Deer IX LP"), which is the general partner of the BVP IX Funds The Reporting Person disclaims beneficial ownership of the securities held by BVP IX Funds, except to the extent of his pecuniary interest, if any, in such securities by virtue of his interest in Deer IX Ltd. and Deer IX LP and his indirect interest in the BVP IX Funds. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities.
F7 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.
F8 The shares reported are held by Katama Point LLC ("Katama"). Katama 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.
F9 As of the date hereof, BVP IX, BVP IX Inst, and 15 Angels hold 3,717,721, 2,978,446 and 61,593 shares of Class B Stock, respectively.