Form 4 for ACVA ACV Auctions Inc.
Accepted 2021-11-16 00:00:00 ET · period of report 2021-11-12 · accession 0000899243-21-044955 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2021-11-16 | 2021-11-12 | ACVA | Deer IX & Co. L.P. | 10% | C - Cnv Deriv | $0.00 | +2.00M | 2.00M | New | $0 |
| DI | 2021-11-16 | 2021-11-12 | ACVA | Deer IX & Co. L.P. | 10% | S - Sale | $19.45 | -2.00M | 0 | -100% | -$38.90M |
| DI | 2021-11-16 | 2021-11-12 | ACVA | Deer IX & Co. L.P. | 10% | C - Cnv Deriv | $0.00 | -2.00M | 27.82M | -7% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2021-11-12 | C | A | 2,000,000 | $0.00 | 2,000,000 | I See footnote | — | — | (F1) Each share of Class B Common Stock is convertible without payment or consideration into one share of Class A Common Stock at the option of the holder and has no expiration date. (F3) On November 11, 2021 BVP IX, BVP IX Inst, and 15 Angels sold 1,100,280 shares, 881,492 shares, and 18,228 shares, respectively, of Class A Common Stock of ACV Auctions, in a single execution of $19.45 per share. (F2) Represents 1,100,280 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX L.P. ("BVP IX"), 881,492 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX Institutional L.P. ("BVP IX Inst"), and 18,228 shares converted from Class B Common Stock to Class A Common Stock by 15 Angels III LLC ("15 Angels" and together with BVP IX and BVP IX Inst, the "BVP IX Funds") |
| 2 | Common | Class A Common Stock | 2021-11-12 | S | D | 2,000,000 | $19.45 | 0 | I See footnote | — | — | (F4) After the transaction, BVP IX held 15,302,357 shares of Class B Common Stock, BVP IX Inst held 12,259,522 shares of Class B Common Stock and 15 Angels held 253,512 shares of Class B Common Stock. (F5) Deer IX & Co. Ltd. ("Deer IX Ltd.") is the general partner of Deer IX & Co. L.P. ("Deer IX LP", and together with Deer IX Ltd the "Deer IX Entities"), which is the general partner of the BVP IX Funds. The Deer IX Entities disclaims beneficial ownership of the securities held by BVP IX Funds, except to the extent of their pecuniary interest, if any, in such securities by virtue of his interest in Deer IX Ltd. and Deer IX LP and their indirect interest in the BVP IX Funds. (F3) On November 11, 2021 BVP IX, BVP IX Inst, and 15 Angels sold 1,100,280 shares, 881,492 shares, and 18,228 shares, respectively, of Class A Common Stock of ACV Auctions, in a single execution of $19.45 per share. |
| 3 | Derivative | Class B Common Stock | 2021-11-12 | C | D | 2,000,000 | $0.00 | 27,815,391 | I See footnote | — · — to — | 2,000,000 Class A Common Stock | (F2) Represents 1,100,280 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX L.P. ("BVP IX"), 881,492 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX Institutional L.P. ("BVP IX Inst"), and 18,228 shares converted from Class B Common Stock to Class A Common Stock by 15 Angels III LLC ("15 Angels" and together with BVP IX and BVP IX Inst, the "BVP IX Funds") (F1) Each share of Class B Common Stock is convertible without payment or consideration into one share of Class A Common Stock at the option of the holder and has no expiration date. (F4) After the transaction, BVP IX held 15,302,357 shares of Class B Common Stock, BVP IX Inst held 12,259,522 shares of Class B Common Stock and 15 Angels held 253,512 shares of Class B Common Stock. (F5) Deer IX & Co. Ltd. ("Deer IX Ltd.") is the general partner of Deer IX & Co. L.P. ("Deer IX LP", and together with Deer IX Ltd the "Deer IX Entities"), which is the general partner of the BVP IX Funds. The Deer IX Entities disclaims beneficial ownership of the securities held by BVP IX Funds, except to the extent of their pecuniary interest, if any, in such securities by virtue of his interest in Deer IX Ltd. and Deer IX LP and their indirect interest in the BVP IX Funds. |