Form 4 for ACVA ACV Auctions Inc.
Accepted 2022-11-21 00:00:00 ET · period of report 2022-11-17 · accession 0000899243-22-036570 · 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 | GOODMAN ROBERT P | Dir | C - Cnv Deriv | $0.00 | +2.00M | 2.00M | New | $0 |
| DI | 2022-11-21 | 2022-11-17 | ACVA | GOODMAN ROBERT P | Dir | S - Sale | $8.25 | -2.00M | 0 | -100% | -$16.50M |
| DI | 2022-11-21 | 2022-11-17 | ACVA | GOODMAN ROBERT P | Dir | C - Cnv Deriv | — | 0 | 0 | New | — |
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 | 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. (F3) The Reporting Person is a director of Deer IX & Co. Ltd ("Deer IX Ltd."), which is the general partner of Deer IX & Co. L.P. ("Deer IX LP"), which is the general partner of each of 15 Angels III LLC ("15 Angels"), BVP IX Inst and BVP IX (collectively, the "Funds"). The Reporting Person disclaims beneficial ownership of the securities held by the Funds, except to the extent of his pecuniary interest, if any, in such securities by virtue of his interest in Deer IX Ltd. and Deer IX LP and his indirect limited partnership interest in the Funds. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities. (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 | 2022-11-17 | S | D | 2,000,000 | $8.25 | 0 | I See footnotes | — | — | (F3) The Reporting Person is a director of Deer IX & Co. Ltd ("Deer IX Ltd."), which is the general partner of Deer IX & Co. L.P. ("Deer IX LP"), which is the general partner of each of 15 Angels III LLC ("15 Angels"), BVP IX Inst and BVP IX (collectively, the "Funds"). The Reporting Person disclaims beneficial ownership of the securities held by the Funds, except to the extent of his pecuniary interest, if any, in such securities by virtue of his interest in Deer IX Ltd. and Deer IX LP and his indirect limited partnership interest in the Funds. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities. (F4) 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) 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 |
| 3 | Derivative | Class B Common Stock | 2022-11-17 | C | D | 0 | $0.00 | 0 | I See footnote | — · — to — | 0 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. (F3) The Reporting Person is a director of Deer IX & Co. Ltd ("Deer IX Ltd."), which is the general partner of Deer IX & Co. L.P. ("Deer IX LP"), which is the general partner of each of 15 Angels III LLC ("15 Angels"), BVP IX Inst and BVP IX (collectively, the "Funds"). The Reporting Person disclaims beneficial ownership of the securities held by the Funds, except to the extent of his pecuniary interest, if any, in such securities by virtue of his interest in Deer IX Ltd. and Deer IX LP and his indirect limited partnership interest in the Funds. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities. (F5) 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 |