Filing Details
- Accession Number:
- 0001209191-21-068217
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-12-06 20:43:36
- Reporting Period:
- 2021-12-02
- Accepted Time:
- 2021-12-06 20:43:36
- 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
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Acquisiton | 2021-12-02 | 744,332 | $0.00 | 744,332 | No | 4 | C | Indirect | By Tribeca Access Fund, L.P. |
| Class A Common Stock | Acquisiton | 2021-12-02 | 241,766 | $0.00 | 241,766 | No | 4 | C | Indirect | By Tribeca ACV Holdings, LLC |
| Class A Common Stock | Acquisiton | 2021-12-02 | 750,000 | $0.00 | 750,000 | No | 4 | C | Indirect | By Tribeca Venture Fund II, L.P. |
| Class A Common Stock | Acquisiton | 2021-12-02 | 250,000 | $0.00 | 250,000 | No | 4 | C | Indirect | By Tribeca Venture Fund II New York, L.P. |
| Class A Common Stock | Disposition | 2021-12-03 | 744,332 | $0.00 | 0 | No | 4 | J | Indirect | By Tribeca Access Fund, L.P. |
| Class A Common Stock | Disposition | 2021-12-03 | 241,766 | $0.00 | 0 | No | 4 | J | Indirect | By Tribeca ACV Holdings, LLC |
| Class A Common Stock | Disposition | 2021-12-03 | 750,000 | $0.00 | 0 | No | 4 | J | Indirect | By Tribeca Venture Fund II, L.P. |
| Class A Common Stock | Disposition | 2021-12-03 | 250,000 | $0.00 | 0 | No | 4 | J | Indirect | By Tribeca Venture Fund II New York, L.P. |
| Class A Common Stock | Acquisiton | 2021-12-03 | 123,553 | $0.00 | 123,553 | No | 4 | J | Indirect | By Tribeca Access Fund GP, LLC |
| Class A Common Stock | Acquisiton | 2021-12-03 | 217,117 | $0.00 | 217,117 | No | 4 | J | Indirect | By Tribeca Venture Partners II GP, LLC |
| Class A Common Stock | Disposition | 2021-12-06 | 60,928 | $21.40 | 62,625 | No | 4 | S | Indirect | By Tribeca Access Fund GP, LLC |
| Class A Common Stock | Disposition | 2021-12-06 | 107,067 | $21.40 | 110,050 | No | 4 | S | Indirect | By Tribeca Venture Partners II GP, LLC |
| Class A Common Stock | Disposition | 2021-12-06 | 9,724 | $22.13 | 52,901 | No | 4 | S | Indirect | By Tribeca Access Fund GP, LLC |
| Class A Common Stock | Disposition | 2021-12-06 | 17,089 | $22.13 | 92,961 | No | 4 | S | Indirect | By Tribeca Venture Partners II GP, LLC |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | C | Indirect | By Tribeca Access Fund, L.P. |
| No | 4 | C | Indirect | By Tribeca ACV Holdings, LLC |
| 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 | By Tribeca Access Fund, L.P. |
| No | 4 | J | Indirect | By Tribeca ACV Holdings, LLC |
| No | 4 | J | Indirect | By Tribeca Venture Fund II, L.P. |
| No | 4 | J | Indirect | By Tribeca Venture Fund II New York, L.P. |
| No | 4 | J | Indirect | By Tribeca Access Fund GP, LLC |
| No | 4 | J | Indirect | By Tribeca Venture Partners II GP, LLC |
| No | 4 | S | Indirect | By Tribeca Access Fund GP, LLC |
| No | 4 | S | Indirect | By Tribeca Venture Partners II GP, LLC |
| No | 4 | S | Indirect | By Tribeca Access Fund GP, LLC |
| No | 4 | S | Indirect | By Tribeca Venture Partners II GP, LLC |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Class A Common Stock | Class B Common Stock | Disposition | 2021-12-02 | 744,332 | $0.00 | 744,332 | $0.00 |
| Class A Common Stock | Class B Common Stock | Disposition | 2021-12-02 | 241,766 | $0.00 | 241,766 | $0.00 |
| Class A Common Stock | Class B Common Stock | Disposition | 2021-12-02 | 750,000 | $0.00 | 750,000 | $0.00 |
| Class A Common Stock | Class B Common Stock | Disposition | 2021-12-02 | 250,000 | $0.00 | 250,000 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 226,031 | No | 4 | C | Indirect | ||
| 42,200 | No | 4 | C | Indirect | ||
| 5,821,210 | No | 4 | C | Indirect | ||
| 1,940,405 | No | 4 | C | Indirect |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Class A Common Stock | 332,826 | Direct |
Footnotes
- These shares of Class B common stock were converted on a one-for-one basis into Class A common stock.
- 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.
- 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.
- 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.
- The securities 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 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.
- Represents a pro rata, in-kind 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.
- Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Tribeca ACV Holdings, LLC to its members without additional consideration.
- Represents a pro rata, in-kind 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.
- 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 distribution in kind described in footnote (6) .
- The securities are held by TAF GP. The Reporting Person is a managing partner of TAF 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.
- Represents receipt of shares in the distributions in kind described in footnotes (7), (8) and (9) .
- The securities 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 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 $21.00 to $21.98 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 $22.00 to $22.25 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 upon any transfer, except for certain permitted transfers.
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