Hirsch Brian's Form 4/A amendment
AmendedACV Auctions Inc. (ACVA) · filed Sep 1, 2023
- Accession no.
- 0001209191-23-048022
- Filed
- Sep 1, 2023
- Trade date
- Jun 14, 2023
- Filing delay
- 79 days
- Rule 10b5-1 plan
- Checked
- Original filed
- Jun 14, 2023
This filing lists 1 non-derivative transaction. It carries over 10 transactions from the original filing that it did not restate. Open-market sales total $4.84M. It was filed 79 days after the trade.
This amendment restates part of 0001209191-23-037142 (filed Jun 14, 2023). The transactions it did not restate still count and are listed below.
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 |
|---|---|
| Hirsch BrianCIK 0001851605 | 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 |
|---|---|---|---|---|---|---|---|---|
| Jun 14, 2023 | Class A Common Stock | SSaleDisposed | −40,347 | $17.64F2 | −$711,721.08 | 168,002 | Direct |
Carried over from the original filing
This amendment restates only part of the original filing. The original's other transactions still stand, and the trade tables on Livermore count them under this amendment.
From 0001209191-23-037142 (filed Jun 14, 2023).
Non-derivative securities (Table I)
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jun 12, 2023 | Class A Common Stock | CConversionAcquired | +84,076 | –F1 | – | 84,076 | Indirect | |
| Jun 12, 2023 | Class A Common Stock | SSaleDisposed | −84,076 | $18.02F3 | −$1,515,049.52 | 0 | Indirect | |
| Jun 13, 2023 | Class A Common Stock | CConversionAcquired | +63,322 | –F1 | – | 63,322 | Indirect | |
| Jun 13, 2023 | Class A Common Stock | SSaleDisposed | −63,322 | $18.02F4 | −$1,141,062.44 | 0 | Indirect | |
| Jun 13, 2023 | Class A Common Stock | SSaleDisposed | −56,710 | $18.03F6 | −$1,022,481.3 | 276,116 | Direct | |
| Jun 14, 2023 | Class A Common Stock | CConversionAcquired | +46,195 | –F1 | – | 46,195 | Indirect | |
| Jun 14, 2023 | Class A Common Stock | SSaleDisposed | −25,702 | $17.69F8 | −$454,668.38 | 250,414 | Direct |
Derivative securities (Table II)
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jun 12, 2023 | Class A Common Stock | CConversionDisposed | −84,076 | $0.00F9 | $0 | 141,955 | Indirect | |
| Jun 13, 2023 | Class A Common Stock | CConversionDisposed | −63,322 | $0.00F9 | $0 | 78,633 | Indirect | |
| Jun 14, 2023 | Class A Common Stock | CConversionDisposed | −46,195 | $0.00F9 | $0 | 32,438 | Indirect |
Footnotes on the original
The footnotes that the prices of these transactions refer to on the original filing.
- 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.
Referenced by the price of 3 transactions in Table I.
- F3
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.94 to $18.16 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.
Referenced by the price of 1 transaction in Table I.
- F4
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.85 to $18.20 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.
Referenced by the price of 1 transaction in Table I.
- F6
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.90 to $18.20 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.
Referenced by the price of 1 transaction in Table I.
- F8
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.42 to $17.91 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.
Referenced by the price of 1 transaction in Table I.
- F9
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.
Referenced by the price of 3 transactions in Table II.
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
This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 14, 2023.
- F2
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.39 to $17.91 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.
Referenced by the price of 1 transaction in Table I.
Remarks
This amendment is being filed to amend the Form 4 originally filed by the Reporting Person on June 14, 2023 (the "Original Form 4") to correct the number of shares of Class A common stock sold by the Reporting Person on June 14, 2023 to 40,347 (and not 25,702, as previously reported). This correction also affects (and is deemed to also correct and amend) the total number of shares of Class A common stock owned by the Reporting Person following any transactions reported on Form 4s filed subsequent to the Original Form 4, but prior to the filing of this amendment.