Brian Hirsch - Aug 30, 2023 Form 4 Insider Report for ACV Auctions Inc. (ACVA)

Role: Director
Signature: /s/ Brian Hirsch
Stock symbol: ACVA
Transactions as of: Aug 30, 2023
Transactions value $: $0
Form type: 4
Date filed: 9/1/2023, 07:00 PM
Previous filing: Sep 1, 2023
Next filing: Sep 7, 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		+42.2K			42.2K	Aug 30, 2023	By Tribeca ACV Holdings, LLC	F1, F2
holding	ACVA	Class A Common Stock						168K	Aug 30, 2023	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		-42.2K	-100%		0	Aug 30, 2023	Class A Common Stock	42.2K		By Tribeca ACV Holdings, LLC	F1, F2, F3
holding	ACVA	Class B Common Stock						5.82M	Aug 30, 2023	Class A Common Stock	5.82M		By Tribeca Venture Fund II, L.P.	F1, F3, F4
holding	ACVA	Class B Common Stock						1.94M	Aug 30, 2023	Class A Common Stock	1.94M		By Tribeca Venture Fund II New York, L.P.	F1, F3, F5

* 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 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.
F3	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.
F4	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.
F5	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.