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Hirsch Brian's Form 4 filing

ACV Auctions Inc. (ACVA) · filed May 30, 2024

Accession no.
0001415889-24-014939
Filed
May 30, 2024
Trade date
May 28-29, 2024
Filing delay
2 days
Rule 10b5-1 plan
Not checked

This filing lists 8 non-derivative transactions and 2 derivative transactions. Open-market sales total $150.4K. It was filed 2 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.

Reporting owners on this filing
OwnerRelationship to the company
Hirsch BrianCIK 0001851605Director

Non-derivative securities (Table I)

Acquisitions and disposals of common stock and similar shares, one row per line on the filing.

Non-derivative transactions
Trade dateSecurityTransactionSharesPriceValueShares afterOwnershipFlags
May 28, 2024Class A Common StockCConversionAcquired+931,394–F1–931,394Indirect
May 28, 2024Class A Common StockCConversionAcquired+310,465–F1–310,465Indirect
May 28, 2024Class A Common StockJOtherDisposed−931,394$0.00$00Indirect
May 28, 2024Class A Common StockJOtherDisposed−310,465$0.00$00Indirect
May 28, 2024Class A Common StockJOtherAcquired+252,224$0.00$0252,224Indirect
May 28, 2024Class A Common StockJOtherDisposed−252,224$0.00$00Indirect
May 28, 2024Class A Common StockJOtherAcquired+103,741$0.00$0103,741Direct
May 29, 2024Class A Common StockSSaleDisposed−8,221$18.29F10−$150,362.0995,520Direct

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.

Derivative transactions
Trade dateSecurityTransactionUnderlying sharesUnit priceValueHeld afterOwnershipFlags
May 28, 2024Class A Common StockCConversionDisposed−931,394–F11–3,725,574Indirect
May 28, 2024Class A Common StockCConversionDisposed−310,465–F11–1,241,859Indirect

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

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 2 transactions in Table I.

F10

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.25 to $18.48 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.

F11

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 2 transactions in Table II.

Read the full filing on SEC EDGAR (opens in a new tab)