Brian Hirsch - Jun 10, 2021 Form 4 Insider Report for ACV Auctions Inc. (ACVA)

Role
Director
Signature
/s/ Brian Hirsch
Stock symbol
ACVA
Transactions as of
Jun 10, 2021
Transactions value $
-$8,968,161
Form type
4
Date filed
9/24/2021, 05:56 PM
Previous filing
Jun 15, 2021
Next filing
Aug 13, 2021

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 +333K $0.00 333K Jun 10, 2021 Direct F1
transaction ACVA Class A Common Stock Conversion of derivative security $0 +449K $0.00 449K Sep 2, 2021 See footnote F2, F3
transaction ACVA Class A Common Stock Sale -$2.48M -124K -27.52% $20.05 325K Sep 2, 2021 See footnote F3, F4
transaction ACVA Class A Common Stock Sale -$1.2M -60.4K -18.57% $19.92 265K Sep 3, 2021 See footnote F3, F5
transaction ACVA Class A Common Stock Sale -$1.01M -50K -18.88% $20.13 215K Sep 7, 2021 See footnote F3, F6
transaction ACVA Class A Common Stock Sale -$1.25M -63.1K -29.39% $19.75 152K Sep 8, 2021 See footnote F3, F7
transaction ACVA Class A Common Stock Sale -$1.14M -56.2K -37.04% $20.23 95.5K Sep 9, 2021 See footnote F3, F8
transaction ACVA Class A Common Stock Sale -$10.4K -500 -0.52% $20.78 95K Sep 9, 2021 See footnote F3, F9
transaction ACVA Class A Common Stock Sale -$1.55M -77.5K -81.52% $19.97 17.6K Sep 10, 2021 See footnote F3, F10
transaction ACVA Class A Common Stock Sale -$341K -17.6K -100% $19.39 0 Sep 13, 2021 See footnote F3, F11

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 Other $0 -3.42M -77.91% $0.00 970K Jun 10, 2021 Class A Common Stock 3.42M See footnote F12, F13, F14, F15
transaction ACVA Class B Common Stock Other $0 -145K -33.85% $0.00 284K Jun 10, 2021 Class A Common Stock 145K See footnote F12, F14, F16, F17
transaction ACVA Class B Common Stock Other $0 -395K -4.56% $0.00 8.27M Jun 10, 2021 Class A Common Stock 395K See footnote F12, F14, F18, F19
transaction ACVA Class B Common Stock Other $0 -132K -4.56% $0.00 2.76M Jun 10, 2021 Class A Common Stock 132K See footnote F12, F14, F20, F21
transaction ACVA Class B Common Stock Other $0 -1.7M -20.55% $0.00 6.57M Sep 2, 2021 Class A Common Stock 1.7M See footnote F12, F14, F18, F19
transaction ACVA Class B Common Stock Other $0 -566K -20.55% $0.00 2.19M Sep 2, 2021 Class A Common Stock 566K See footnote F12, F14, F20, F21
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the receipt of shares from the pro rata distributions described in footnotes 13, 16, 18 and 20, for no consideration, and not a purchase or sale by the Reporting Person. Pursuant to the terms of the Issuer's certificate of incorporation, such shares automatically converted from Class B Common Stock to Class A Common Stock upon such distributions.
F2 Represents the receipt of shares from the pro rata distributions described in footnotes 18 and 20, for no consideration, and not a purchase or sale by the Reporting Person. Pursuant to the terms of the Issuer's certificate of incorporation, such shares automatically converted from Class B Common Stock to Class A Common Stock upon such distributions.
F3 The securities are held by Tribeca Venture Partners II GP, LLC ("TVP II GP"). The Reporting Person is a managing partner of TVP II GP. The Reporting Person disclaims beneficial ownership of the securities held by TVP II GP, 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 securities.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.77 to $20.48 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 $19.68 to $20.33 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 $19.89 to $20.67 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.22 to $20.19 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.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.77 to $20.76 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.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.77 to $20.80 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.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.63 to $20.45 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.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.20 to $19.88 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.
F12 These shares of Class B common stock automatically converted on a one-for-one basis into Class A common stock upon the pro rata distributions described in footnotes 13, 16, 18 and 20.
F13 Represents a pro rata distribution, and not a purchase or sale of securities, by Tribeca Access Fund, L.P. to its general partner and limited partners without additional consideration.
F14 Each share of Class B common stock will convert automatically into one share of Class A common stock upon any transfer, except for certain permitted transfers.
F15 The securities are held by Tribeca Access Fund, L.P. ("TAF"). Tribeca Access Fund GP, LLC ("TAF GP") is the general partner of TAF. The Reporting Person is a managing partner of TAF GP. The Reporting Person disclaims beneficial ownership of the securities held by TAF, 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 securities.
F16 Represents a pro rata distribution, and not a purchase or sale of securities, by Tribeca ACV Holdings, LLC to its members without additional consideration.
F17 The securities are held by Tribeca ACV Holdings, LLC ("TACV"). Tribeca Venture Partners II GP, LLC ("TVP II GP") is the general partner of TACV. The Reporting Person is a managing partner of TVP II GP. The Reporting Person disclaims beneficial ownership of the securities held by TACV, 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 securities.
F18 Represents a pro rata distribution, and not a purchase or sale of securities, by Tribeca Venture Fund II, L.P. to its general partner and limited partners without additional consideration.
F19 The securities 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 securities 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 securities.
F20 Represents a pro rata distribution, and not a purchase or sale of securities, by Tribeca Venture Fund II New York, L.P. ("TVFII NY") to its general partner and limited partners without additional consideration.
F21 The securities are held by 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 securities 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 securities.