Brian Hirsch - Nov 11, 2024 Form 4 Insider Report for ACV Auctions Inc. (ACVA)

Role: Director
Signature: /s/ Brian Hirsch
Stock symbol: ACVA
Transactions as of: Nov 11, 2024
Transactions value $: -$3,034,830
Form type: 4
Date filed: 11/13/2024, 04:15 PM
Previous filing: Aug 23, 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		+1.4M			1.4M	Nov 11, 2024	By Tribeca Venture Fund II, L.P.	F1, F2
transaction	ACVA	Class A Common Stock	Conversion of derivative security		+466K			466K	Nov 11, 2024	By Tribeca Venture Fund II New York, L.P.	F1, F3
transaction	ACVA	Class A Common Stock	Other	$0	-1.4M	-100%	$0.00	0	Nov 11, 2024	Tribeca Venture Fund II, L.P.	F2, F4
transaction	ACVA	Class A Common Stock	Other	$0	-466K	-100%	$0.00	0	Nov 11, 2024	Tribeca Venture Fund II New York, L.P.	F3, F5
transaction	ACVA	Class A Common Stock	Other	$0	+356K		$0.00	356K	Nov 11, 2024	By Tribeca Venture Partners II GP, LLC	F6, F7
transaction	ACVA	Class A Common Stock	Other	$0	-356K	-100%	$0.00	0	Nov 11, 2024	By Tribeca Venture Partners II GP, LLC	F7, F8
transaction	ACVA	Class A Common Stock	Other	$0	+147K	+1587.63%	$0.00	156K	Nov 11, 2024	Direct	F9
transaction	ACVA	Class A Common Stock	Sale	-$3.03M	-147K	-94.07%	$20.69	9.24K	Nov 12, 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		-1.4M	-50%		1.4M	Nov 11, 2024	Class A Common Stock	1.4M		By Tribeca Venture Fund II, L.P.	F1, F2, F11
transaction	ACVA	Class B Common Stock	Conversion of derivative security		-466K	-50%		466K	Nov 11, 2024	Class A Common Stock	466K		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 $20.50 to $20.96 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.