Form 4 for ACVA ACV Auctions Inc.

Accepted 2024-09-11 00:00:00 ET · period of report 2024-09-09 · accession 0000950170-24-105631 · 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	ΔOwn	Value
DI	2024-09-11	2024-09-09	ACVA	GOODMAN ROBERT P	Dir	S - Sale	—	New	—
DI	2024-09-11	2024-09-09	ACVA	GOODMAN ROBERT P	Dir	C - Cnv Deriv	—	New	—
DI	2024-09-11	2024-08-30	ACVA	GOODMAN ROBERT P	Dir	C - Cnv Deriv	—	New	—

Purchase Sale Sale after option exercise All abbreviations

Every reported transaction

#	Table	Security	Date	Code	A/D	Price	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Class A Common Stock	2024-09-09	S	D	$0.00	I See footnote	—	—	(F3) On September 9, 2024 BVP IX, BVP IX Inst, and 15 Angels sold 268,248, 214,908, and 4,444 shares of Class A Common Stock of ACV Auctions, Inc., respectively, at a weighted average price of $19.16. These shares were sold in multiple transactions at prices ranging from $18.50 to $19.30. 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 ranges set forth in this footnote. (F6) The shares reported are held by NB Group, LLC ("NB Group"). NB Group is controlled by the Reporting Person, and the Reporting Person disclaims beneficial ownership of the shares held by this entity, except to the extent of his pecuniary interest therein, if any.
2	Common	Class A Common Stock	2024-09-09	C	D	$0.00	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. (F2) Represents 268,248 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX L.P. ("BVP IX"), 214,908 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX Institutional L.P. ("BVP IX Inst"), and 4,444 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	2024-08-30	C	D	$0.00	I See footnote	— · — to —	0 Class B Common Stock	(F2) Represents 268,248 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX L.P. ("BVP IX"), 214,908 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX Institutional L.P. ("BVP IX Inst"), and 4,444 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. (F8) As of the date hereof, BVP IX, BVP IX Inst, and 15 Angels hold 1,842,790, 1,457, 759, and 30,008 shares of Class B Stock, respectively. (F5) 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 the BVP IX Funds The Reporting Person disclaims beneficial ownership of the securities held by BVP IX 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 interest in the BVP IX Funds. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities.