Filing Details
- Accession Number:
- 0001209191-23-037142
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-06-14 18:14:08
- Reporting Period:
- 2023-06-12
- Accepted Time:
- 2023-06-14 18:14:08
- 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 | 2023-06-12 | 84,076 | $0.00 | 84,076 | No | 4 | C | Indirect | By Tribeca Access Fund, L.P. |
| Class A Common Stock | Disposition | 2023-06-12 | 84,076 | $18.02 | 0 | No | 4 | S | Indirect | By Tribeca Access Fund, L.P. |
| Class A Common Stock | Acquisiton | 2023-06-13 | 63,322 | $0.00 | 63,322 | No | 4 | C | Indirect | By Tribeca Access Fund, L.P. |
| Class A Common Stock | Disposition | 2023-06-13 | 63,322 | $18.02 | 0 | No | 4 | S | Indirect | By Tribeca Access Fund, L.P. |
| Class A Common Stock | Disposition | 2023-06-13 | 56,710 | $18.03 | 276,116 | No | 4 | S | Direct | |
| Class A Common Stock | Acquisiton | 2023-06-14 | 46,195 | $0.00 | 46,195 | No | 4 | C | Indirect | By Tribeca Access Fund, L.P. |
| Class A Common Stock | Disposition | 2023-06-14 | 46,195 | $17.66 | 0 | No | 4 | S | Indirect | By Tribeca Access Fund, L.P. |
| Class A Common Stock | Disposition | 2023-06-14 | 25,702 | $17.69 | 250,414 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | C | Indirect | By Tribeca Access Fund, L.P. |
| No | 4 | S | Indirect | By Tribeca Access Fund, L.P. |
| No | 4 | C | Indirect | By Tribeca Access Fund, L.P. |
| No | 4 | S | Indirect | By Tribeca Access Fund, L.P. |
| No | 4 | S | Direct | |
| No | 4 | C | Indirect | By Tribeca Access Fund, L.P. |
| No | 4 | S | Indirect | By Tribeca Access Fund, L.P. |
| No | 4 | S | Direct |
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 | 2023-06-12 | 84,076 | $0.00 | 84,076 | $0.00 |
| Class A Common Stock | Class B Common Stock | Disposition | 2023-06-13 | 63,322 | $0.00 | 63,322 | $0.00 |
| Class A Common Stock | Class B Common Stock | Disposition | 2023-06-14 | 46,195 | $0.00 | 46,195 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 141,955 | No | 4 | C | Indirect | ||
| 78,633 | No | 4 | C | Indirect | ||
| 32,438 | No | 4 | C | Indirect |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Class A Common Stock | Class B Common Stock | $0.00 | 42,200 | 42,200 | Indirect | ||
| Class A Common Stock | Class B Common Stock | $0.00 | 5,821,210 | 5,821,210 | Indirect | ||
| Class A Common Stock | Class B Common Stock | $0.00 | 1,940,405 | 1,940,405 | Indirect |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 42,200 | 42,200 | Indirect | |
| 5,821,210 | 5,821,210 | Indirect | |
| 1,940,405 | 1,940,405 | 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 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 shares 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 shares.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.94 to $18.16 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 $17.85 to $18.20 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.
- This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 14, 2023.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.90 to $18.20 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 $17.39 to $17.91 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 $17.42 to $17.91 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.
- The shares 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 shares 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 shares.
- The shares 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 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.
Billionaire Hedge Funds
