Form 4 for ACVA ACV Auctions Inc.
Accepted 2023-06-14 00:00:00 ET · period of report 2023-06-12 · accession 0001209191-23-037142 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-06-14 | 2023-06-13+ | ACVA | Hirsch Brian | Dir | S - Sale | $17.92 | -82.4K | 276.1K | -23% | -$1.48M |
| DMI | 2023-06-14 | 2023-06-12+ | ACVA | Hirsch Brian | Dir | S - Sale | $17.93 | -193.6K | 0 | -100% | -$3.47M |
| DMI | 2023-06-14 | 2023-06-12+ | ACVA | Hirsch Brian | Dir | C - Cnv Deriv | — | +193.6K | 84.1K | New | — |
| DMI | 2023-06-14 | 2023-06-12+ | ACVA | Hirsch Brian | Dir | C - Cnv Deriv | $0.00 | -193.6K | 142.0K | -58% | $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 | 2023-06-14 | S | D | 25,702 | $17.69 | 250,414 | D | — | — | (F8) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.42 to $17.91 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 | 2023-06-14 | S | D | 46,195 | $17.66 | 0 | I | — | — | (F7) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.39 to $17.91 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. |
| 3 | Common | Class A Common Stock | 2023-06-14 | C | A | 46,195 | — | 46,195 | I By Tribeca Access Fund, L.P. | — | — | (F1) These shares of Class B common stock were converted into Class A common stock on a one-for-one basis for no additional consideration. (F2) The shares 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 shares 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 shares. |
| 4 | Common | Class A Common Stock | 2023-06-13 | S | D | 56,710 | $18.03 | 276,116 | D By Tribeca Access Fund, L.P. | — | — | (F6) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.90 to $18.20 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. (F2) The shares 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 shares 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 shares. |
| 5 | Common | Class A Common Stock | 2023-06-13 | S | D | 63,322 | $18.02 | 0 | I By Tribeca Access Fund, L.P. | — | — | (F4) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.85 to $18.20 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. (F2) The shares 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 shares 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 shares. |
| 6 | Common | Class A Common Stock | 2023-06-13 | C | A | 63,322 | — | 63,322 | I By Tribeca Access Fund, L.P. | — | — | (F1) These shares of Class B common stock were converted into Class A common stock on a one-for-one basis for no additional consideration. (F2) The shares 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 shares 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 shares. |
| 7 | Common | Class A Common Stock | 2023-06-12 | S | D | 84,076 | $18.02 | 0 | I By Tribeca Access Fund, L.P. | — | — | (F3) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.94 to $18.16 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. (F2) The shares 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 shares 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 shares. |
| 8 | Common | Class A Common Stock | 2023-06-12 | C | A | 84,076 | — | 84,076 | I By Tribeca Access Fund, L.P. | — | — | (F1) These shares of Class B common stock were converted into Class A common stock on a one-for-one basis for no additional consideration. (F2) The shares 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 shares 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 shares. |
| 9 | Derivative | Class B Common Stock | 2023-06-14 | C | D | 46,195 | $0.00 | 32,438 | I By Tribeca Access Fund, L.P. | — · — to — | 46,195 Class A Common Stock | (F9) Each share of Class B common stock will convert automatically into one share of Class A common stock for no consideration upon any transfer, except for certain permitted transfers, and has no expiration date. (F2) The shares 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 shares 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 shares. (F1) These shares of Class B common stock were converted into Class A common stock on a one-for-one basis for no additional consideration. |
| 10 | Derivative | Class B Common Stock | 2023-06-13 | C | D | 63,322 | $0.00 | 78,633 | I By Tribeca Access Fund, L.P. | — · — to — | 63,322 Class A Common Stock | (F9) Each share of Class B common stock will convert automatically into one share of Class A common stock for no consideration upon any transfer, except for certain permitted transfers, and has no expiration date. (F2) The shares 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 shares 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 shares. (F1) These shares of Class B common stock were converted into Class A common stock on a one-for-one basis for no additional consideration. |
| 11 | Derivative | Class B Common Stock | 2023-06-12 | C | D | 84,076 | $0.00 | 141,955 | I By Tribeca Access Fund, L.P. | — · — to — | 84,076 Class A Common Stock | (F9) Each share of Class B common stock will convert automatically into one share of Class A common stock for no consideration upon any transfer, except for certain permitted transfers, and has no expiration date. (F2) The shares 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 shares 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 shares. (F1) These shares of Class B common stock were converted into Class A common stock on a one-for-one basis for no additional consideration. |