Form 4 for ACVA ACV Auctions Inc.
Accepted 2021-09-24 00:00:00 ET · period of report 2021-06-10 · accession 0001209191-21-057698 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMI | 2021-09-24 | 2021-09-02+ | ACVA | Hirsch Brian | Dir | S - Sale | $19.98 | -448.8K | 325.3K | -58% | -$8.97M |
| DI | 2021-09-24 | 2021-09-02 | ACVA | Hirsch Brian | Dir | C - Cnv Deriv | $0.00 | +448.8K | 448.8K | New | $0 |
| D | 2021-09-24 | 2021-06-10 | ACVA | Hirsch Brian | Dir | C - Cnv Deriv | $0.00 | +332.8K | 332.8K | New | $0 |
| DMI | 2021-09-24 | 2021-06-10+ | ACVA | Hirsch Brian | Dir | J - Other | $0.00 | -6.36M | 6.57M | -49% | $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 | 2021-09-13 | S | D | 17,562 | $19.39 | 0 | I | — | — | (F11) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.20 to $19.88 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. |
| 2 | Common | Class A Common Stock | 2021-09-09 | S | D | 500 | $20.78 | 95,016 | I See footnote | — | — | (F9) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.77 to $20.80 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. (F3) The securities are held by Tribeca Venture Partners II GP, LLC ("TVP II GP"). The Reporting Person is a managing partner of TVP II GP. The Reporting Person disclaims beneficial ownership of the securities 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 securities. |
| 3 | Common | Class A Common Stock | 2021-09-09 | S | D | 56,201 | $20.23 | 95,516 | I See footnote | — | — | (F8) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.77 to $20.76 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. (F3) The securities are held by Tribeca Venture Partners II GP, LLC ("TVP II GP"). The Reporting Person is a managing partner of TVP II GP. The Reporting Person disclaims beneficial ownership of the securities 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 securities. |
| 4 | Common | Class A Common Stock | 2021-09-08 | S | D | 63,143 | $19.75 | 151,717 | I See footnote | — | — | (F7) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.22 to $20.19 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. (F3) The securities are held by Tribeca Venture Partners II GP, LLC ("TVP II GP"). The Reporting Person is a managing partner of TVP II GP. The Reporting Person disclaims beneficial ownership of the securities 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 securities. |
| 5 | Common | Class A Common Stock | 2021-09-07 | S | D | 50,018 | $20.13 | 214,860 | I See footnote | — | — | (F6) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.89 to $20.67 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. (F3) The securities are held by Tribeca Venture Partners II GP, LLC ("TVP II GP"). The Reporting Person is a managing partner of TVP II GP. The Reporting Person disclaims beneficial ownership of the securities 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 securities. |
| 6 | Common | Class A Common Stock | 2021-09-03 | S | D | 60,395 | $19.92 | 264,878 | I See footnote | — | — | (F5) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.68 to $20.33 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. (F3) The securities are held by Tribeca Venture Partners II GP, LLC ("TVP II GP"). The Reporting Person is a managing partner of TVP II GP. The Reporting Person disclaims beneficial ownership of the securities 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 securities. |
| 7 | Common | Class A Common Stock | 2021-09-10 | S | D | 77,454 | $19.97 | 17,562 | I See footnote | — | — | (F10) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.63 to $20.45 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. (F3) The securities are held by Tribeca Venture Partners II GP, LLC ("TVP II GP"). The Reporting Person is a managing partner of TVP II GP. The Reporting Person disclaims beneficial ownership of the securities 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 securities. |
| 8 | Common | Class A Common Stock | 2021-09-02 | S | D | 123,518 | $20.05 | 325,273 | I See footnote | — | — | (F4) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.77 to $20.48 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. (F3) The securities are held by Tribeca Venture Partners II GP, LLC ("TVP II GP"). The Reporting Person is a managing partner of TVP II GP. The Reporting Person disclaims beneficial ownership of the securities 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 securities. |
| 9 | Common | Class A Common Stock | 2021-09-02 | C | A | 448,791 | $0.00 | 448,791 | I See footnote | — | — | (F3) The securities are held by Tribeca Venture Partners II GP, LLC ("TVP II GP"). The Reporting Person is a managing partner of TVP II GP. The Reporting Person disclaims beneficial ownership of the securities 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 securities. |
| 10 | Common | Class A Common Stock | 2021-06-10 | C | A | 332,826 | $0.00 | 332,826 | D See footnote | — | — | (F3) The securities are held by Tribeca Venture Partners II GP, LLC ("TVP II GP"). The Reporting Person is a managing partner of TVP II GP. The Reporting Person disclaims beneficial ownership of the securities 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 securities. |
| 11 | Derivative | Class B Common Stock | 2021-09-02 | J | D | 566,441 | $0.00 | 2,190,405 | I See footnote | — · — to — | 566,441 Class A Common Stock | (F14) Each share of Class B common stock will convert automatically into one share of Class A common stock upon any transfer, except for certain permitted transfers. (F21) The securities are held by 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 securities 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 securities. (F12) These shares of Class B common stock automatically converted on a one-for-one basis into Class A common stock upon the pro rata distributions described in footnotes 13, 16, 18 and 20. |
| 12 | Derivative | Class B Common Stock | 2021-06-10 | J | D | 131,620 | $0.00 | 2,756,846 | I See footnote | — · — to — | 131,620 Class A Common Stock | (F14) Each share of Class B common stock will convert automatically into one share of Class A common stock upon any transfer, except for certain permitted transfers. (F21) The securities are held by 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 securities 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 securities. (F12) These shares of Class B common stock automatically converted on a one-for-one basis into Class A common stock upon the pro rata distributions described in footnotes 13, 16, 18 and 20. |
| 13 | Derivative | Class B Common Stock | 2021-06-10 | J | D | 394,861 | $0.00 | 8,270,530 | I See footnote | — · — to — | 394,861 Class A Common Stock | (F14) Each share of Class B common stock will convert automatically into one share of Class A common stock upon any transfer, except for certain permitted transfers. (F19) The securities are held by Tribeca Venture Fund II, L.P. ("TVFII"). 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 securities 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 securities. (F12) These shares of Class B common stock automatically converted on a one-for-one basis into Class A common stock upon the pro rata distributions described in footnotes 13, 16, 18 and 20. |
| 14 | Derivative | Class B Common Stock | 2021-06-10 | J | D | 145,287 | $0.00 | 283,966 | I See footnote | — · — to — | 145,287 Class A Common Stock | (F14) Each share of Class B common stock will convert automatically into one share of Class A common stock upon any transfer, except for certain permitted transfers. (F17) The securities are held by Tribeca ACV Holdings, LLC ("TACV"). Tribeca Venture Partners II GP, LLC ("TVP II GP") is the general partner of TACV. The Reporting Person is a managing partner of TVP II GP. The Reporting Person disclaims beneficial ownership of the securities held by TACV, 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 securities. (F12) These shares of Class B common stock automatically converted on a one-for-one basis into Class A common stock upon the pro rata distributions described in footnotes 13, 16, 18 and 20. |
| 15 | Derivative | Class B Common Stock | 2021-06-10 | J | D | 3,422,133 | $0.00 | 970,363 | I See footnote | — · — to — | 3,422,133 Class A Common Stock | (F14) Each share of Class B common stock will convert automatically into one share of Class A common stock upon any transfer, except for certain permitted transfers. (F15) The securities are held by Tribeca Access Fund, L.P. ("TAF"). Tribeca Access Fund GP, LLC ("TAF GP") is the general partner of TAF. The Reporting Person is a managing partner of TAF GP. The Reporting Person disclaims beneficial ownership of the securities held by TAF, 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 securities. (F12) These shares of Class B common stock automatically converted on a one-for-one basis into Class A common stock upon the pro rata distributions described in footnotes 13, 16, 18 and 20. |
| 16 | Derivative | Class B Common Stock | 2021-09-02 | J | D | 1,699,320 | $0.00 | 6,571,210 | I See footnote | — · — to — | 1,699,320 Class A Common Stock | (F14) Each share of Class B common stock will convert automatically into one share of Class A common stock upon any transfer, except for certain permitted transfers. (F19) The securities are held by Tribeca Venture Fund II, L.P. ("TVFII"). 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 securities 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 securities. (F12) These shares of Class B common stock automatically converted on a one-for-one basis into Class A common stock upon the pro rata distributions described in footnotes 13, 16, 18 and 20. |