Home > Insider Trading > Filing (0001415889-24-022143)

Filing Details

Accession Number:: 0001415889-24-022143
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-08-23 17:11:38
Reporting Period:: 2024-08-21

Accepted Time:: 2024-08-23 17:11:38
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1637873	Acv Auctions Inc.	ACVA	Services-Business Services, Nec (7389)	472415221

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1851605	Brian Hirsch	C/O Acv Auctions Inc. 640 Ellicott Street, #321 Buffalo NY 14203		No	No	No	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	2024-08-21	931,394	$0.00	931,394	No	4	C	Indirect	By Tribeca Venture Fund II, L.P.
Class A Common Stock	Acquisiton	2024-08-21	310,465	$0.00	310,465	No	4	C	Indirect	By Tribeca Venture Fund II New York, L.P.
Class A Common Stock	Disposition	2024-08-22	931,394	$0.00	0	No	4	J	Indirect	Tribeca Venture Fund II, L.P.
Class A Common Stock	Disposition	2024-08-22	310,465	$0.00	0	No	4	J	Indirect	Tribeca Venture Fund II New York, L.P.
Class A Common Stock	Acquisiton	2024-08-22	148,773	$0.00	148,773	No	4	J	Indirect	By Tribeca Venture Partners II GP, LLC
Class A Common Stock	Disposition	2024-08-22	148,773	$0.00	0	No	4	J	Indirect	By Tribeca Venture Partners II GP, LLC
Class A Common Stock	Acquisiton	2024-08-22	61,666	$0.00	70,905	No	4	J	Direct
Class A Common Stock	Disposition	2024-08-23	61,666	$18.63	9,239	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	By Tribeca Venture Fund II, L.P.
No	4	C	Indirect	By Tribeca Venture Fund II New York, L.P.
No	4	J	Indirect	Tribeca Venture Fund II, L.P.
No	4	J	Indirect	Tribeca Venture Fund II New York, L.P.
No	4	J	Indirect	By Tribeca Venture Partners II GP, LLC
No	4	J	Indirect	By Tribeca Venture Partners II GP, LLC
No	4	J	Direct
No	4	S	Direct

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	2024-08-21	931,394	$0.00	931,394	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2024-08-21	310,465	$0.00	310,465	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
2,794,180			No	4	C	Indirect
931,394			No	4	C	Indirect

Footnotes

These shares of Class B common stock were converted into Class A common stock on a one-for-one basis for no additional consideration.
The shares are held by Tribeca Venture Fund II, L.P. ("TVFII"). Tribeca Venture Partners II GP, LLC ("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 shares 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 shares.
The shares are held by Tribeca Venture Fund II New York, L.P. ("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 shares 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 shares.
Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by TVFII to its general partner and limited partners without additional consideration.
Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by TVFII NY to its general partner and limited partners without additional consideration.
Represents receipt of shares in the distributions in kind described in footnotes (4) and (5).
The shares are held by TVP II GP. The Reporting Person is a managing partner of TVP II GP. The Reporting Person disclaims beneficial ownership of the shares 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 shares.
Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by TVP II GP to its members without additional consideration.
Represents receipt of shares in the distribution in kind described in footnote (8).
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.40 to $18.81 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.
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.