Goodman Robert P's Form 4/A amendment
AmendedACV Auctions Inc. (ACVA) · filed May 21, 2024
- Accession no.
- 0000950170-24-063254
- Filed
- May 21, 2024
- Trade date
- Mar 1-5, 2024
- Filing delay
- 81 days
- Rule 10b5-1 plan
- Not checked
- Original filed
- May 21, 2024
This filing lists 4 non-derivative transactions and 1 derivative transaction. It was filed 81 days after the trade.
This amendment replaces 0000950170-24-026805 (filed Mar 5, 2024).
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 |
|---|---|
| Goodman Robert PCIK 0001252022 | Director |
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 |
|---|---|---|---|---|---|---|---|---|
| Mar 1, 2024 | Class A Common Stock | CConversionDisposed | 0 | $0.00F2 | $0 | 0 | Indirect | |
| Mar 1, 2024 | Class A Common Stock | SSaleDisposed | 0 | $0.00F3 | $0 | 0 | Indirect | |
| Mar 4, 2024 | Class A Common Stock | SSaleDisposed | 0 | $0.00F4 | $0 | 0 | Indirect | |
| Mar 5, 2024 | Class A Common Stock | SSaleDisposed | 0 | $0.00F5 | $0 | 0 | Indirect |
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 |
|---|---|---|---|---|---|---|---|---|
| Mar 1, 2024 | Class B Common Stock | CConversionDisposed | 0 | $0.00F1 | $0 | 0 | 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 II.
- F2
Represents 1,640,264 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX L.P. ("BVP IX"), 1,313,508 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX Institutional L.P. ("BVP IX Inst"), and 27,174 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")
Referenced by the price of 1 transaction in Table I.
- F3
On March 1, 2024, Bessemer Venture Partners IX L.P. ("BVP IX"), Bessemer Venture Partners IX Institutional L.P. ("BVP IX Inst"), and 15 Angels III LLC. ("15 Angels" and together with BVP IX and BVP IX Inst, the "BVP IX Funds") sold 2,240, 1,794, and 37 shares of Class A Common Stock of ACV Auctions, Inc., respectively, at a weighted average price of $18.00. These shares were sold in multiple transactions at prices ranging from $18.00 to $18.01. 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.
Referenced by the price of 1 transaction in Table I.
- F4
On March 4, 2024, BVP IX, BVP IX Inst, and 15 Angels sold 407,521, 326,487 and 6,752 shares of Class A Common Stock of ACV Auctions, Inc., respectively, at a weighted average price of $18.51. These shares were sold in multiple transactions at prices ranging from $18.00 to $18.74. 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.
Referenced by the price of 1 transaction in Table I.
- F5
On March 5, 2024, BVP IX, BVP IX Inst, and 15 Angels sold 136,994, 109,555 and 2,269 shares of Class A Common Stock of ACV Auctions, Inc., respectively, at a weighted average price of $18.59. These shares were sold in multiple transactions at prices ranging from $18.35 to $18.92. 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.
Referenced by the price of 1 transaction in Table I.
- F6
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.
- F7
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.
- F8
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.
- F9
As of the date hereof, BVP IX, BVP IX Inst, and 15 Angels hold 4,241,015, 3,397,697, and 70,262 shares of Class B Stock, respectively.