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Filing Details

Accession Number:: 0000899243-23-019114
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-09-15 06:10:10
Reporting Period:: 2023-09-12

Accepted Time:: 2023-09-15 06:10:10
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		Yes	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	Acquisiton	2023-09-12	$0.00	No	4	C	Indirect	See footnotes
Class A Common Stock	Disposition	2023-09-12	$0.00	No	4	S	Indirect	See footnotes
Class A Common Stock	Disposition	2023-09-13	$0.00	No	4	S	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	See footnotes
No	4	S	Indirect	See footnotes
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	2023-09-12	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	276,550	Direct

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 1,093,509 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX L.P. ("BVP IX"), 876,068 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX Institutional L.P. ("BVP IX Inst"), and 18,116 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 September 12, 2023, the BVP IX, BVP IX Inst, and 15 Angels sold 70,681 shares, 56,627 shares, and 1,171 shares, of Class A Common Stock of ACV Auctions, Inc., respectively, at a weighted average price of $16.21. These shares were sold in multiple transactions at prices ranging from $16.12 to $16.31. 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.
Deer IX & Co. Ltd. ("Deer Ltd.") is the general partner of Deer IX & Co. L.P. ("Deer L.P."), which is the general partner of the BVP IX Funds. Deer Ltd. and Deer L.P. disclaim beneficial ownership of the securities held by the BVP IX Funds, and this report shall not be deemed an admission that Deer Ltd. and Deer L.P. are the beneficial owners of such securities, except to the extent of their pecuniary interest therein, if any, by virtue of their direct and indirect general partner interests in the BVP IX Funds.
After the September 12 transaction, BVP IX, BVP IX Inst, and 15 Angels own 1,022,828 shares, 819,441 shares and 16,945 shares, respectively, of Class A Common Stock.
On September 13, 2023, the BVP IX, BVP IX Inst, and 15 Angels sold 3,053 shares, 2,446 shares, and 50 shares, of Class A Common Stock of ACV Auctions, Inc., respectively, at a weighted average price of $16.07. These shares were sold in multiple transactions at prices ranging from $16.00 to $16.11. 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.
After the September 13 transaction, BVP IX, BVP IX Inst, and 15 Angels own 1,019,775 shares, 816,995 shares and 16,895 shares, respectively, of Class A Common Stock.
After the reported transaction, BVP IX, BVP IX Inst, and 15 Angels own 5,976,508 shares, 4,788,093 shares and 99,012 shares, respectively, of Class B Common Stock.