Form 4 for ACVA ACV Auctions Inc.
Accepted 2022-11-21 00:00:00 ET · period of report 2022-11-17 · accession 0000899243-22-036567 · 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 | 2022-11-21 | 2022-11-17 | ACVA | Bessemer Venture Partners IX Institutional L.P. | 10% | S - Sale | $8.25 | -2.00M | 0 | -100% | -$16.50M |
| DI | 2022-11-21 | 2022-11-17 | ACVA | Bessemer Venture Partners IX Institutional L.P. | 10% | C - Cnv Deriv | $0.00 | +2.00M | 2.00M | New | $0 |
| DI | 2022-11-21 | 2022-11-17 | ACVA | Bessemer Venture Partners IX Institutional L.P. | 10% | C - Cnv Deriv | $0.00 | -2.00M | 19.85M | -9% | $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 | 2022-11-17 | S | D | 2,000,000 | $8.25 | 0 | I See footnotes | — | — | (F3) On November 17,2022 BVP IX, BVP IX Inst, and 15 Angels sold 1,100,280, 881,492, and 18,228 shares, respectively, of Class A Common Stock of ACV Auctions, Inc. in a single execution of $8.25 per share. (F5) Deer IX & Co. Ltd. ("Deer Ltd.") is the general partner of Deer IX & Co. L.P. ("Deer L.P."), which is the general partner of the BVP IX Funds. Deer Ltd. and Deer L.P. disclaim beneficial ownership of the securities held by the BVP IX Funds, and this report shall not be deemed an admission that Deer Ltd. and Deer L.P. are the beneficial owners of such securities, except to the extent of their pecuniary interest therein, if any, by virtue of their direct and indirect general partner interests in the BVP IX Funds. (F4) After the reported transaction, BVP IX, BVP IX Inst, and 15 Angels own 10,921,550 shares, 8,749,826 shares and 180,936 shares, respectively, of Class B Common Stock |
| 2 | Common | Class A Common Stock | 2022-11-17 | C | A | 2,000,000 | $0.00 | 2,000,000 | I See footnotes | — | — | (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. (F5) Deer IX & Co. Ltd. ("Deer Ltd.") is the general partner of Deer IX & Co. L.P. ("Deer L.P."), which is the general partner of the BVP IX Funds. Deer Ltd. and Deer L.P. disclaim beneficial ownership of the securities held by the BVP IX Funds, and this report shall not be deemed an admission that Deer Ltd. and Deer L.P. are the beneficial owners of such securities, except to the extent of their pecuniary interest therein, if any, by virtue of their direct and indirect general partner interests in the BVP IX Funds. (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") |
| 3 | Derivative | Class B Common Stock | 2022-11-17 | C | D | 2,000,000 | $0.00 | 19,852,312 | 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 reported transaction, BVP IX, BVP IX Inst, and 15 Angels own 10,921,550 shares, 8,749,826 shares and 180,936 shares, respectively, of Class B Common Stock (F5) Deer IX & Co. Ltd. ("Deer Ltd.") is the general partner of Deer IX & Co. L.P. ("Deer L.P."), which is the general partner of the BVP IX Funds. Deer Ltd. and Deer L.P. disclaim beneficial ownership of the securities held by the BVP IX Funds, and this report shall not be deemed an admission that Deer Ltd. and Deer L.P. are the beneficial owners of such securities, except to the extent of their pecuniary interest therein, if any, by virtue of their direct and indirect general partner interests in the BVP IX Funds. |