Bessemer Venture Partners IX Institutional L.P.'s Form 4 filing
ACV Auctions Inc. (ACVA) · filed Nov 21, 2022
- Accession no.
- 0000899243-22-036567
- Filed
- Nov 21, 2022, 6:39 PM ET
- Trade date
- Nov 17, 2022
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 2 non-derivative transactions and 1 derivative transaction. Open-market sales total $16.5M. It was filed 4 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Bessemer Venture Partners IX Institutional L.P.CIK 0001624149 | 10% Owner |
| Bessemer Venture Partners IX L.P.CIK 0001655213 | 10% Owner |
| Deer IX & Co. L.P.CIK 0001655219 | 10% Owner |
| Deer IX & Co. Ltd.CIK 0001655220 | 10% Owner |
| 15 Angels III LLCCIK 0001772240 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Nov 17, 2022 | Class A Common Stock | CConversionAcquired | +2,000,000 | $0.00F1 | $0 | 2,000,000 | Indirect | Duplicate filing |
| Nov 17, 2022 | Class A Common Stock | SSaleDisposed | −2,000,000 | $8.25F3 | −$16,500,000 | 0 | Indirect | Duplicate filing |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Nov 17, 2022 | Class A Common Stock | CConversionDisposed | −2,000,000 | $0.00F1 | $0 | 19,852,312 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- 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.
Referenced by the price of 1 transaction in Table I and 1 transaction in Table II.
- F3
On November 17,2022 BVP IX, BVP IX Inst, and 15 Angels sold 1,100,280, 881,492, and 18,228 shares, respectively, of Class A Common Stock of ACV Auctions, Inc. in a single execution of $8.25 per share.
Referenced by the price of 1 transaction in Table I.