Brian Hirsch - 02 Dec 2021 Form 4 Insider Report for ACV Auctions Inc. (ACVA)

Role
Director
Signature
/s/ Brian Hirsch
Issuer symbol
ACVA
Transactions as of
02 Dec 2021
Net transactions value
-$4,188,465
Form type
4
Filing time
06 Dec 2021, 19:43:36 UTC
Previous filing
13 Sep 2021
Next filing
07 Dec 2021
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 +744,332 744,332 02 Dec 2021 By Tribeca Access Fund, L.P. F1, F2
transaction ACVA Class A Common Stock Conversion of derivative security +241,766 241,766 02 Dec 2021 By Tribeca ACV Holdings, LLC F1, F3
transaction ACVA Class A Common Stock Conversion of derivative security +750,000 750,000 02 Dec 2021 By Tribeca Venture Fund II, L.P. F1, F4
transaction ACVA Class A Common Stock Conversion of derivative security +250,000 250,000 02 Dec 2021 By Tribeca Venture Fund II New York, L.P. F1, F5
transaction ACVA Class A Common Stock Other $0 -744,332 -100% $0.000000* 0 03 Dec 2021 By Tribeca Access Fund, L.P. F2, F6
transaction ACVA Class A Common Stock Other $0 -241,766 -100% $0.000000* 0 03 Dec 2021 By Tribeca ACV Holdings, LLC F3, F7
transaction ACVA Class A Common Stock Other $0 -750,000 -100% $0.000000* 0 03 Dec 2021 By Tribeca Venture Fund II, L.P. F4, F8
transaction ACVA Class A Common Stock Other $0 -250,000 -100% $0.000000* 0 03 Dec 2021 By Tribeca Venture Fund II New York, L.P. F5, F9
transaction ACVA Class A Common Stock Other $0 +123,553 $0.000000 123,553 03 Dec 2021 By Tribeca Access Fund GP, LLC F10, F11
transaction ACVA Class A Common Stock Other $0 +217,117 $0.000000 217,117 03 Dec 2021 By Tribeca Venture Partners II GP, LLC F12, F13
transaction ACVA Class A Common Stock Sale $1,303,859 -60,928 -49% $21.40 62,625 06 Dec 2021 By Tribeca Access Fund GP, LLC F11, F14
transaction ACVA Class A Common Stock Sale $2,291,234 -107,067 -49% $21.40 110,050 06 Dec 2021 By Tribeca Venture Partners II GP, LLC F13, F14
transaction ACVA Class A Common Stock Sale $215,192 -9,724 -16% $22.13 52,901 06 Dec 2021 By Tribeca Access Fund GP, LLC F11, F15
transaction ACVA Class A Common Stock Sale $378,180 -17,089 -16% $22.13 92,961 06 Dec 2021 By Tribeca Venture Partners II GP, LLC F13, F15
holding ACVA Class A Common Stock 332,826 02 Dec 2021 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 $0 -744,332 -77% $0.000000 226,031 02 Dec 2021 Class A Common Stock 744,332 By Tribeca Access Fund, L.P. F1, F2, F16
transaction ACVA Class B Common Stock Conversion of derivative security $0 -241,766 -85% $0.000000 42,200 02 Dec 2021 Class A Common Stock 241,766 By Tribeca ACV Holdings, LLC F1, F3, F16
transaction ACVA Class B Common Stock Conversion of derivative security $0 -750,000 -11% $0.000000 5,821,210 02 Dec 2021 Class A Common Stock 750,000 By Tribeca Venture Fund II, L.P. F1, F4, F16
transaction ACVA Class B Common Stock Conversion of derivative security $0 -250,000 -11% $0.000000 1,940,405 02 Dec 2021 Class A Common Stock 250,000 By Tribeca Venture Fund II New York, L.P. F1, F5, F16
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares of Class B common stock were converted on a one-for-one basis into Class A common stock.
F2 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.
F3 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.
F4 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.
F5 The securities 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 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.
F6 Represents a pro rata, in-kind 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.
F7 Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Tribeca ACV Holdings, LLC to its members without additional consideration.
F8 Represents a pro rata, in-kind 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.
F9 Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by TVFII NY to its general partner and limited partners without additional consideration.
F10 Represents receipt of shares in the distribution in kind described in footnote (6) .
F11 The securities are held by TAF GP. The Reporting Person is a managing partner of TAF 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.
F12 Represents receipt of shares in the distributions in kind described in footnotes (7), (8) and (9) .
F13 The securities are held by 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.
F14 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.00 to $21.98 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.
F15 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.00 to $22.25 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.
F16 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.