Home > Insider Trading > Filing (0001209191-21-057698)

Filing Details

Accession Number:: 0001209191-21-057698
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-09-24 17:56:17
Reporting Period:: 2021-06-10

Accepted Time:: 2021-09-24 17:56:17
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		Yes	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	2021-06-10	332,826	$0.00	332,826	No	4	C	Direct
Class A Common Stock	Acquisiton	2021-09-02	448,791	$0.00	448,791	No	4	C	Indirect	See footnote
Class A Common Stock	Disposition	2021-09-02	123,518	$20.05	325,273	No	4	S	Indirect	See footnote
Class A Common Stock	Disposition	2021-09-03	60,395	$19.92	264,878	No	4	S	Indirect	See footnote
Class A Common Stock	Disposition	2021-09-07	50,018	$20.13	214,860	No	4	S	Indirect	See footnote
Class A Common Stock	Disposition	2021-09-08	63,143	$19.75	151,717	No	4	S	Indirect	See footnote
Class A Common Stock	Disposition	2021-09-09	56,201	$20.23	95,516	No	4	S	Indirect	See footnote
Class A Common Stock	Disposition	2021-09-09	500	$20.78	95,016	No	4	S	Indirect	See footnote
Class A Common Stock	Disposition	2021-09-10	77,454	$19.97	17,562	No	4	S	Indirect	See footnote
Class A Common Stock	Disposition	2021-09-13	17,562	$19.39	0	No	4	S	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Direct
No	4	C	Indirect	See footnote
No	4	S	Indirect	See footnote
No	4	S	Indirect	See footnote
No	4	S	Indirect	See footnote
No	4	S	Indirect	See footnote
No	4	S	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 A Common Stock	Class B Common Stock	Disposition	2021-06-10	3,422,133	$0.00	3,422,133	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2021-06-10	145,287	$0.00	145,287	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2021-06-10	394,861	$0.00	394,861	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2021-06-10	131,620	$0.00	131,620	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2021-09-02	1,699,320	$0.00	1,699,320	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2021-09-02	566,441	$0.00	566,441	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
970,363	No	4	J	Indirect
283,966	No	4	J	Indirect
8,270,530	No	4	J	Indirect
2,756,846	No	4	J	Indirect
6,571,210	No	4	J	Indirect
2,190,405	No	4	J	Indirect

Footnotes

Represents the receipt of shares from the pro rata distributions described in footnotes 13, 16, 18 and 20, for no consideration, and not a purchase or sale by the Reporting Person. Pursuant to the terms of the Issuer's certificate of incorporation, such shares automatically converted from Class B Common Stock to Class A Common Stock upon such distributions.
Represents the receipt of shares from the pro rata distributions described in footnotes 18 and 20, for no consideration, and not a purchase or sale by the Reporting Person. Pursuant to the terms of the Issuer's certificate of incorporation, such shares automatically converted from Class B Common Stock to Class A Common Stock upon such distributions.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Represents a pro rata distribution, and not a purchase or sale of securities, by Tribeca Access Fund, L.P. to its general partner and limited partners without additional consideration.
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.
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.
Represents a pro rata distribution, and not a purchase or sale of securities, by Tribeca ACV Holdings, LLC to its members without additional consideration.
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 hispecuniary interest, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities.
Represents a pro rata distribution, and not a purchase or sale of securities, by Tribeca Venture Fund II, L.P. to its general partner and limited partners without additional consideration.
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.
Represents a pro rata distribution, and not a purchase or sale of securities, by Tribeca Venture Fund II New York, L.P. ("TVFII NY") to its general partner and limited partners without additional consideration.
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.