Brian Hirsch - Aug 21, 2024 Form 4 Insider Report for ACV Auctions Inc. (ACVA)

Role
Director
Signature
/s/ Brian Hirsch
Stock symbol
ACVA
Transactions as of
Aug 21, 2024
Transactions value $
-$1,148,838
Form type
4
Date filed
8/23/2024, 05:11 PM
Previous filing
Jun 12, 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 +931K 931K Aug 21, 2024 By Tribeca Venture Fund II, L.P. F1, F2
transaction ACVA Class A Common Stock Conversion of derivative security +310K 310K Aug 21, 2024 By Tribeca Venture Fund II New York, L.P. F1, F3
transaction ACVA Class A Common Stock Other $0 -931K -100% $0.00 0 Aug 22, 2024 Tribeca Venture Fund II, L.P. F2, F4
transaction ACVA Class A Common Stock Other $0 -310K -100% $0.00 0 Aug 22, 2024 Tribeca Venture Fund II New York, L.P. F3, F5
transaction ACVA Class A Common Stock Other $0 +149K $0.00 149K Aug 22, 2024 By Tribeca Venture Partners II GP, LLC F6, F7
transaction ACVA Class A Common Stock Other $0 -149K -100% $0.00 0 Aug 22, 2024 By Tribeca Venture Partners II GP, LLC F7, F8
transaction ACVA Class A Common Stock Other $0 +61.7K +667.45% $0.00 70.9K Aug 22, 2024 Direct F9
transaction ACVA Class A Common Stock Sale -$1.15M -61.7K -86.97% $18.63 9.24K Aug 23, 2024 Direct F10

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 -931K -25% 2.79M Aug 21, 2024 Class A Common Stock 931K By Tribeca Venture Fund II, L.P. F1, F2, F11
transaction ACVA Class B Common Stock Conversion of derivative security -310K -25% 931K Aug 21, 2024 Class A Common Stock 310K By Tribeca Venture Fund II New York, L.P. F1, F3, F11
* 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 Venture Fund II, L.P. ("TVFII"). Tribeca Venture Partners II GP, LLC ("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.
F3 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.
F4 Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by TVFII to its general partner and limited partners without additional consideration.
F5 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.
F6 Represents receipt of shares in the distributions in kind described in footnotes (4) and (5).
F7 The shares 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 shares 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 shares.
F8 Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by TVP II GP to its members without additional consideration.
F9 Represents receipt of shares in the distribution in kind described in footnote (8).
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.40 to $18.81 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 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.