Goodman Robert P's Form 4 filing
ACV Auctions Inc. (ACVA) · filed May 28, 2024
- Accession no.
- 0000950170-24-064916
- Filed
- May 28, 2024
- Trade date
- May 21-24, 2024
- Filing delay
- 7 daysLate
- Rule 10b5-1 plan
- Not checked
This filing lists 3 non-derivative transactions and 1 derivative transaction. It was filed 7 days after the trade, past the 2-business-day deadline.
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.
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 21, 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 128,158 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX L.P. ("BVP IX"), 102,675 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX Institutional L.P. ("BVP IX Inst"), and 2,123 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 May 21, 2024, BVP IX, BVP IX Inst, and 15 Angels sold 49,195, 39,413, and 2,123 shares of Class A Common Stock of ACV Auctions, Inc., respectively, at a weighted average price of $18.99. These shares were sold in multiple transactions at prices ranging from $18.70 to $18.95. 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 May 24, 2024, BVP IX, BVP IX Inst, and 15 Angels sold 78,963, 63,262, and 2,123 shares of Class A Common Stock of ACV Auctions, Inc., respectively, at a weighted average price of $18.89. These shares were sold in multiple transactions at prices ranging from $18.75 to $19.10. 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.