Bessemer Venture Partners IX Institutional L.P.'s Form 4 filing
ACV Auctions Inc. (ACVA) · filed May 15, 2023
- Accession no.
- 0000899243-23-012966
- Filed
- May 15, 2023, 5:00 PM ET
- Trade date
- May 11, 2023
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Not checked
This filing lists 2 non-derivative transactions and 1 derivative transaction. Open-market sales total $48.1M. 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.
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 |
|---|---|---|---|---|---|---|---|---|
| May 11, 2023 | Class A Common Stock | CConversionDisposed | −3,000,000 | $0.00F1 | $0 | 13,845,152 | 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 May 11, 2023, BVP IX, BVP IX Inst, and 15 Angels sold 1,650,420 shares, 1,322,238 shares and 27,342 shares, respectively, of Class A Common Stock of ACV Auctions, Inc in a single execution at a stock price of $16.03 per share.
Referenced by the price of 1 transaction in Table I.