4//SEC Filing
Hirsch Brian 4
Accession 0001415889-24-026696
CIK 0001637873other
Filed
Nov 12, 7:00 PM ET
Accepted
Nov 13, 4:15 PM ET
Size
23.1 KB
Accession
0001415889-24-026696
Insider Transaction Report
Form 4
Hirsch Brian
Director
Transactions
- Conversion
Class A Common Stock
2024-11-11+465,697→ 465,697 total(indirect: By Tribeca Venture Fund II New York, L.P.) - Other
Class A Common Stock
2024-11-11−465,697→ 0 total(indirect: Tribeca Venture Fund II New York, L.P.) - Other
Class A Common Stock
2024-11-11+356,377→ 356,377 total(indirect: By LLC) - Conversion
Class A Common Stock
2024-11-11+1,397,090→ 1,397,090 total(indirect: By Tribeca Venture Fund II, L.P.) - Sale
Class A Common Stock
2024-11-12$20.69/sh−146,681$3,034,830→ 9,239 total - Conversion
Class B Common Stock
2024-11-11−1,397,090→ 1,397,090 total(indirect: By Tribeca Venture Fund II, L.P.)→ Class A Common Stock (1,397,090 underlying) - Conversion
Class B Common Stock
2024-11-11−465,697→ 465,697 total(indirect: By Tribeca Venture Fund II New York, L.P.)→ Class A Common Stock (465,697 underlying) - Other
Class A Common Stock
2024-11-11−1,397,090→ 0 total(indirect: Tribeca Venture Fund II, L.P.) - Other
Class A Common Stock
2024-11-11+146,681→ 155,920 total - Other
Class A Common Stock
2024-11-11−356,377→ 0 total(indirect: By LLC)
Footnotes (11)
- [F1]These shares of Class B common stock were converted into Class A common stock on a one-for-one basis for no additional consideration.
- [F10]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.50 to $20.96 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.
- [F11]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.
- [F2]The shares are held by Tribeca Venture Fund II, L.P. ("TVFII"). Tribeca Venture Partners II GP, LLC ("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.
- [F3]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.
- [F4]Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by TVFII to its general partner and limited partners without additional consideration.
- [F5]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.
- [F6]Represents receipt of shares in the distributions in kind described in footnotes (4) and (5).
- [F7]The shares 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 shares 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 shares.
- [F8]Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by TVP II GP to its members without additional consideration.
- [F9]Represents receipt of shares in the distribution in kind described in footnote (8).
Documents
Issuer
ACV Auctions Inc.
CIK 0001637873
Entity typeother
Related Parties
1- filerCIK 0001851605
Filing Metadata
- Form type
- 4
- Filed
- Nov 12, 7:00 PM ET
- Accepted
- Nov 13, 4:15 PM ET
- Size
- 23.1 KB