0000899243-23-019114.txt : 20230915
0000899243-23-019114.hdr.sgml : 20230915
20230915061010
ACCESSION NUMBER: 0000899243-23-019114
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230912
FILED AS OF DATE: 20230915
DATE AS OF CHANGE: 20230915
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: GOODMAN ROBERT P
CENTRAL INDEX KEY: 0001252022
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40256
FILM NUMBER: 231256639
MAIL ADDRESS:
STREET 1: 1865 PALMER AVENUE
STREET 2: SUITE 104
CITY: LARCHMONT
STATE: NY
ZIP: 10538
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ACV Auctions Inc.
CENTRAL INDEX KEY: 0001637873
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389]
IRS NUMBER: 472415221
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 640 ELLICOTT STREET
CITY: BUFFALO
STATE: NY
ZIP: 14203
BUSINESS PHONE: 585-317-0406
MAIL ADDRESS:
STREET 1: 640 ELLICOTT STREET
CITY: BUFFALO
STATE: NY
ZIP: 14203
4
1
doc4.xml
FORM 4 SUBMISSION
X0508
4
2023-09-12
0
0001637873
ACV Auctions Inc.
ACVA
0001252022
GOODMAN ROBERT P
C/O ACV AUCTIONS INC.
640 ELLICOTT STREET, #321
BUFFALO
NY
14203
1
0
0
0
0
Class A Common Stock
2023-09-12
4
C
0
0
0.00
A
0
I
See footnotes
Class A Common Stock
2023-09-12
4
S
0
0
0.00
D
0
I
See footnotes
Class A Common Stock
2023-09-13
4
S
0
0
0.00
D
0
I
See footnote
Class A Common Stock
276550
D
Class B Common Stock
2023-09-12
4
C
0
0
0.00
D
Class A Common Stock
0
0
I
See footnote
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.
Represents 1,093,509 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX L.P. ("BVP IX"), 876,068 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX Institutional L.P. ("BVP IX Inst"), and 18,116 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").
On September 12, 2023, the BVP IX, BVP IX Inst, and 15 Angels sold 70,681 shares, 56,627 shares, and 1,171 shares, of Class A Common Stock of ACV Auctions, Inc., respectively, at a weighted average price of $16.21. These shares were sold in multiple transactions at prices ranging from $16.12 to $16.31. 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.
Deer IX & Co. Ltd. ("Deer Ltd.") is the general partner of Deer IX & Co. L.P. ("Deer L.P."), which is the general partner of the BVP IX Funds. Deer Ltd. and Deer L.P. disclaim beneficial ownership of the securities held by the BVP IX Funds, and this report shall not be deemed an admission that Deer Ltd. and Deer L.P. are the beneficial owners of such securities, except to the extent of their pecuniary interest therein, if any, by virtue of their direct and indirect general partner interests in the BVP IX Funds.
After the September 12 transaction, BVP IX, BVP IX Inst, and 15 Angels own 1,022,828 shares, 819,441 shares and 16,945 shares, respectively, of Class A Common Stock.
On September 13, 2023, the BVP IX, BVP IX Inst, and 15 Angels sold 3,053 shares, 2,446 shares, and 50 shares, of Class A Common Stock of ACV Auctions, Inc., respectively, at a weighted average price of $16.07. These shares were sold in multiple transactions at prices ranging from $16.00 to $16.11. 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.
After the September 13 transaction, BVP IX, BVP IX Inst, and 15 Angels own 1,019,775 shares, 816,995 shares and 16,895 shares, respectively, of Class A Common Stock.
After the reported transaction, BVP IX, BVP IX Inst, and 15 Angels own 5,976,508 shares, 4,788,093 shares and 99,012 shares, respectively, of Class B Common Stock.
/s/ Robert P. Goodman
2023-09-14