4//SEC Filing
GOODMAN ROBERT P 4
Accession 0000950170-24-129423
CIK 0001637873other
Filed
Nov 19, 7:00 PM ET
Accepted
Nov 20, 6:21 PM ET
Size
21.5 KB
Accession
0000950170-24-129423
Insider Transaction Report
Form 4
GOODMAN ROBERT P
Director
Transactions
- Sale
Class A Common Stock
2024-11-18−0→ 0 total(indirect: See footnote) - Sale
Class A Common Stock
2024-11-19−0→ 0 total(indirect: See footnote) - Conversion
Class B Common Stock
2024-11-18−0→ 0 total(indirect: See footnote)→ Class B Common Stock (0 underlying) - Sale
Class A Common Stock
2024-11-20−0→ 0 total(indirect: See footnote) - Conversion
Class A Common Stock
2024-11-18−0→ 0 total(indirect: See footnote) - Sale
Class A Common Stock
2024-11-18−0→ 0 total(indirect: See footnote)
Holdings
- 9,239
Class A Common Stock
- 7,392(indirect: See footnote)
Class A Common Stock
- 375,219
Class A Common Stock
- 13,063(indirect: See footnote)
Class A Common Stock
Footnotes (11)
- [F1]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.
- [F10]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.
- [F11]As of the date hereof, BVP IX, BVP IX Inst, and 15 Angels hold 1,114,375, 892,783, and 18,464 shares of Class B Stock, respectively.
- [F2]Represents 519,441 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX L.P. ("BVP IX"), 416,150 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX Institutional L.P. ("BVP IX Inst"), and 8,607 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")
- [F3]On November 18, 2024, BVP IX, BVP IX Inst, and 15 Angels sold 147,885, 118,478, and 2,451 shares of Class A Common Stock of ACV Auctions, Inc., respectively, at a weighted average price of $21.39. These shares were sold in multiple transactions at prices ranging from $20.72 to $21.72. 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.
- [F4]On November 18, 2024, BVP IX, BVP IX Inst, and 15 Angels sold 78,180, 62,634, and 1,295 shares of Class A Common Stock of ACV Auctions, Inc., respectively, at a weighted average price of $21.97. These shares were sold in multiple transactions at prices ranging from $21.73 to $22.21. 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.
- [F5]On November 19, 2024, BVP IX, BVP IX Inst, and 15 Angels sold 205,510, 164,644, and 3,405 shares of Class A Common Stock of ACV Auctions, Inc., respectively, at a weighted average price of $21.68. These shares were sold in multiple transactions at prices ranging from $21.44 to $21.96. 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.
- [F6]On November 20, 2024, BVP IX, BVP IX Inst, and 15 Angels sold 87,867, 70,394, and 1,456 shares of Class A Common Stock of ACV Auctions, Inc., respectively, at a weighted average price of $21.33. These shares were sold in multiple transactions at prices ranging from $21.05 to $21.44. 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.
- [F7]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.
- [F8]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.
- [F9]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.
Documents
Issuer
ACV Auctions Inc.
CIK 0001637873
Entity typeother
Related Parties
1- filerCIK 0001252022
Filing Metadata
- Form type
- 4
- Filed
- Nov 19, 7:00 PM ET
- Accepted
- Nov 20, 6:21 PM ET
- Size
- 21.5 KB