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Filing Details

Accession Number:: 0000899243-23-014968
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-06-08 20:12:27
Reporting Period:: 2023-06-06

Accepted Time:: 2023-06-08 20:12:27
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1637873	Acv Auctions Inc.	ACVA	()	E9

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1624149	L.p. Institutional Ix Partners Venture Bessemer	C/O Bessemer Venture Partners 1865 Palmer Ave., Suite 104 Larchmont NY 10538	No	No	Yes	No
1655213	L.p. Ix Partners Venture Bessemer	C/O Bessemer Venture Partners 1865 Palmer Ave., Suite 104 Larchmont NY 10538	No	No	Yes	No
1655219	Deer Ix & Co. L.p.	C/O Bessemer Venture Partners 1865 Palmer Ave., Suite 104 Larchmont NY 10538	No	No	Yes	No
1655220	Deer Ix & Co. Ltd.	C/O Bessemer Venture Partners 1865 Palmer Ave., Suite 104 Larchmont NY 10538	No	No	Yes	No
1772240	15 Angels Iii Llc	C/O Bessemer Venture Partners 1865 Palmer Avenue, Suite 104 Larchmont NY 10538	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2023-06-06	993,846	$0.00	993,846	No	4	C	Indirect	See footnotes
Class A Common Stock	Disposition	2023-06-06	295,891	$18.02	697,955	No	4	S	Indirect	See footnotes
Class A Common Stock	Disposition	2023-06-07	30,338	$18.12	667,617	No	4	S	Indirect	See footnotes
Class A Common Stock	Disposition	2023-06-08	342,236	$18.22	325,381	No	4	S	Indirect	See footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	See footnotes
No	4	S	Indirect	See footnotes
No	4	S	Indirect	See footnotes
No	4	S	Indirect	See footnotes

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Class B Common Stock	Disposition	2023-06-06	993,846	$0.00	993,846	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
12,851,306			No	4	C	Indirect

Footnotes

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.
Represents 546,754 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX L.P. ("BVP IX"), 438,034 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX Institutional L.P. ("BVP IX Inst"), and 9,058 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").
On June 6, 2023, the BVP IX, BVP IX Inst, and 15 Angels sold 162,781 shares, 130,413 shares, and 2,697 shares, of Class A Common Stock of ACV Auctions, Inc., respectively, at a weighted average price of $18.02. These shares were sold in multiple transactions at prices ranging from $18.00 to $18.22. 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.
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.
After the June 6 transaction, BVP IX, BVP IX Inst, and 15 Angels own 383,973 shares, 307,621 shares and 6,361 shares, respectively, of Class A Common Stock.
On June 7, 2023, the BVP IX, BVP IX Inst, and 15 Angels sold 16,690 shares, 13,371 shares, and 277 shares, of Class A Common Stock of ACV Auctions, Inc., respectively, at a weighted average price of $18.12. These shares were sold in multiple transactions at prices ranging from $18.00 to $18.33. 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.
After the June 7 transaction, BVP IX, BVP IX Inst, and 15 Angels own 367,283 shares, 294,250 shares and 6,084 shares, respectively, of Class A Common Stock.
On June 8, 2023, the BVP IX, BVP IX Inst, and 15 Angels sold 188,278 shares, 150,839 shares, and 3,119 shares, of Class A Common Stock of ACV Auctions, Inc., respectively, at a weighted average price of $18.22. These shares were sold in multiple transactions at prices ranging from $18.00 to $18.36. 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.
After the June 8 transaction, BVP IX, BVP IX Inst, and 15 Angels own 179,005 shares, 143,411 shares and 2,965 shares, respectively, of Class A Common Stock.
After the reported transaction, BVP IX, BVP IX Inst, and 15 Angels own 7,070,017 shares, 5,664,160 shares and 117,129 shares, respectively, of Class B Common Stock.