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Filing Details

Accession Number:: 0000950170-24-101981
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-08-29 18:17:12
Reporting Period:: 2024-08-27

Accepted Time:: 2024-08-29 18:17:12
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1637873	Acv Auctions Inc.	ACVA	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1252022	P Robert Goodman	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	Price	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Disposition	2024-08-27	$0.00	No	4	C	Indirect	See footnote
Class A Common Stock	Disposition	2024-08-27	$0.00	No	4	S	Indirect	See footnote
Class A Common Stock	Disposition	2024-08-28	$0.00	No	4	S	Indirect	See footnote
Class A Common Stock	Disposition	2024-08-29	$0.00	No	4	S	Indirect	See footnote

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

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class B Common Stock	Class B Common Stock	Disposition	2024-08-27	0	$0.00	0	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0			No	4	C	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	9,239	Direct
Class A Common Stock	375,219	Direct
Class A Common Stock	7,392	Indirect	See footnote
Class A Common Stock	13,063	Indirect	See footnote

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 124,406 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX L.P. ("BVP IX"), 99,669 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX Institutional L.P. ("BVP IX Inst"), and 2,061 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 August 27, 2024, BVP IX, BVP IX Inst, and 15 Angels sold 103,268, 82,743, and 823 shares of Class A Common Stock of ACV Auctions, Inc., respectively, at a weighted average price of $18.64. These shares were sold in multiple transactions at prices ranging from $18.50 to $19.03. 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.
On August 28, 2024, BVP IX, BVP IX Inst, and 15 Angels sold 14,556, 11,661, and 241 shares of Class A Common Stock of ACV Auctions, Inc., respectively, at a weighted average price of $18.50. These shares were sold in multiple transactions at prices ranging from $18.50 to $18.52. 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.
On August 29, 2024, BVP IX, BVP IX Inst, and 15 Angels sold 6,582, 5,274 and109 shares of Class A Common Stock of ACV Auctions, Inc., respectively, at a weighted average price of $18.51. These shares were sold in multiple transactions at prices ranging from $18.50 to $18.62. 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.
The shares reported in this transaction represent Refresher Grant Restricted Stock Units ("RSUs"), each RSU represents the contingent right to receive one share of the Issuer's Class A common stock. The RSUs will vest on the first anniversary of the Refresher Grant Date, provided that, the RSUs shall become fully vested as of the day immediately preceding the next Annual Meeting, if sooner. Vesting of the RSUs is subject in all cases to the Eligible Director's Continuous Service (as defined in the Plan) through each such applicable vesting date.
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.
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.
The shares reported are held by Katama Point LLC ("Katama"). Katama 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.
As of the date hereof, BVP IX, BVP IX Inst, and 15 Angels hold 2,195,200, 1,758,687 and 36,370 shares of Class B Stock, respectively.