Brian Hirsch - Jun 15, 2023 Form 4/A - Amendment Insider Report for ACV Auctions Inc. (ACVA)

Role: Director
Signature: /s/ Brian Hirsch
Stock symbol: ACVA
Transactions as of: Jun 15, 2023
Transactions value $: -$574,801
Form type: 4/A - Amendment
Date filed: 9/1/2023, 06:56 PM
Date Of Original Report: Jun 20, 2023
Previous filing: Sep 1, 2023
Next filing: Sep 1, 2023

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		+32.4K			32.4K	Jun 15, 2023	By Tribeca Access Fund, L.P.	F1, F2
transaction	ACVA	Class A Common Stock	Sale	-$575K	-32.4K	-100%	$17.72	0	Jun 15, 2023	By Tribeca Access Fund, L.P.	F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Ownership	Footnotes
transaction	ACVA	Class B Common Stock	Conversion of derivative security	$0	-32.4K	-100%	$0.00^*	0	Jun 15, 2023	Class A Common Stock	32.4K	By Tribeca Access Fund, L.P.	F1, F2, F4
holding	ACVA	Class B Common Stock						42.2K	Jun 15, 2023	Class A Common Stock	42.2K	By Tribeca ACV Holdings, LLC	F1, F4, F5
holding	ACVA	Class B Common Stock						5.82M	Jun 15, 2023	Class A Common Stock	5.82M	By Tribeca Venture Fund II, L.P.	F1, F4, F6
holding	ACVA	Class B Common Stock						1.94M	Jun 15, 2023	Class A Common Stock	1.94M	By Tribeca Venture Fund II New York, L.P.	F1, F4, F7

* 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 into Class A common stock on a one-for-one basis for no additional consideration.
F2	The shares 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 shares 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 shares.
F3	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.20 to $17.99 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.
F4	Each share of Class B common stock will convert automatically into one share of Class A common stock for no consideration upon any transfer, except for certain permitted transfers, and has no expiration date.
F5	The shares 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 shares 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 shares.
F6	The shares 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 shares 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 shares.
F7	The shares 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 shares 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 shares.

Remarks:

This amendment is being filed to amend the Form 4 originally filed by the Reporting Person on June 20, 2023 (the "Original Form 4") to include the conversion of shares of Class B common stock held by TAF to Class A common stock and the sale of such shares of Class A common stock by TAF, in each case on June 15, 2023, which transactions were inadvertently omitted from the Original Form 4.