# EDGAR Filing Document

**Accession Number:** 0001637873
**File Stem:** 0000899243-23-006267
**Filing Date:** 2023-2
**Character Count:** 14513
**Document Hash:** 29ce0dc8c096ad4722a98be4eff60c93
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000899243-23-006267.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0000899243-23-006267

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230223

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Bessemer Venture Partners IX Institutional L.P.
- **CENTRAL INDEX KEY:** 0001624149
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40256
- **FILM NUMBER:** 23677565

**BUSINESS ADDRESS:**
- **STREET 1:** 1865 PALMER AVENUE
- **STREET 2:** SUITE 104
- **CITY:** LARCHMONT
- **STATE:** NY
- **ZIP:** 10538
- **BUSINESS PHONE:** 914-833-5300

**MAIL ADDRESS:**
- **STREET 1:** 1865 PALMER AVENUE
- **STREET 2:** SUITE 104
- **CITY:** LARCHMONT
- **STATE:** NY
- **ZIP:** 10538
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Bessemer Venture Partners IX L.P.
- **CENTRAL INDEX KEY:** 0001655213
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40256
- **FILM NUMBER:** 23677566

**BUSINESS ADDRESS:**
- **STREET 1:** C/O BESSEMER VENTURE PARTNERS
- **STREET 2:** 1865 PALMER AVENUE, SUITE 104
- **CITY:** LARCHMONT
- **STATE:** NY
- **ZIP:** 10538
- **BUSINESS PHONE:** 914-833-5300

**MAIL ADDRESS:**
- **STREET 1:** C/O BESSEMER VENTURE PARTNERS
- **STREET 2:** 1865 PALMER AVENUE, SUITE 104
- **CITY:** LARCHMONT
- **STATE:** NY
- **ZIP:** 10538
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** 15 Angels III LLC
- **CENTRAL INDEX KEY:** 0001772240
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40256
- **FILM NUMBER:** 23677564

**BUSINESS ADDRESS:**
- **STREET 1:** 1865 PALMER AVENUE, SUITE 104
- **CITY:** LARCHMONT
- **STATE:** NY
- **ZIP:** 10538
- **BUSINESS PHONE:** 914-833-5300

**MAIL ADDRESS:**
- **STREET 1:** 1865 PALMER AVENUE, SUITE 104
- **CITY:** LARCHMONT
- **STATE:** NY
- **ZIP:** 10538
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Deer IX & Co. L.P.
- **CENTRAL INDEX KEY:** 0001655219
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40256
- **FILM NUMBER:** 23677563

**BUSINESS ADDRESS:**
- **STREET 1:** C/O BESSEMER VENTURE PARTNERS
- **STREET 2:** 1865 PALMER AVENUE, SUITE 104
- **CITY:** LARCHMONT
- **STATE:** NY
- **ZIP:** 10538
- **BUSINESS PHONE:** 914-833-5300

**MAIL ADDRESS:**
- **STREET 1:** C/O BESSEMER VENTURE PARTNERS
- **STREET 2:** 1865 PALMER AVENUE, SUITE 104
- **CITY:** LARCHMONT
- **STATE:** NY
- **ZIP:** 10538
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Deer IX & Co. Ltd.
- **CENTRAL INDEX KEY:** 0001655220
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40256
- **FILM NUMBER:** 23677562

**BUSINESS ADDRESS:**
- **STREET 1:** C/O BESSEMER VENTURE PARTNERS
- **STREET 2:** 1865 PALMER AVENUE, SUITE 104
- **CITY:** LARCHMONT
- **STATE:** NY
- **ZIP:** 10538
- **BUSINESS PHONE:** 914-833-5300

**MAIL ADDRESS:**
- **STREET 1:** C/O BESSEMER VENTURE PARTNERS
- **STREET 2:** 1865 PALMER AVENUE, 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

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Bessemer Venture Partners IX L.P.<br><sub>(Last) (First) (Middle)</sub><br>C/O BESSEMER VENTURE PARTNERS<br>1865 PALMER AVE., SUITE 104<br><sub>(Street)</sub><br>LARCHMONT, NY 10538<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-02-23 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>ACV Auctions Inc. [ ACVA ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Bessemer Venture Partners IX Institutional L.P.<br><sub>(Last) (First) (Middle)</sub><br>C/O BESSEMER VENTURE PARTNERS<br>1865 PALMER AVE., SUITE 104<br><sub>(Street)</sub><br>LARCHMONT, NY 10538<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-02-23 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>ACV Auctions Inc. [ ACVA ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>15 Angels III LLC<br><sub>(Last) (First) (Middle)</sub><br>C/O BESSEMER VENTURE PARTNERS<br>1865 PALMER AVENUE, SUITE 104<br><sub>(Street)</sub><br>LARCHMONT, NY 10538<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-02-23 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>ACV Auctions Inc. [ ACVA ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Deer IX & Co. L.P.<br><sub>(Last) (First) (Middle)</sub><br>C/O BESSEMER VENTURE PARTNERS<br>1865 PALMER AVE., SUITE 104<br><sub>(Street)</sub><br>LARCHMONT, NY 10538<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-02-23 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>ACV Auctions Inc. [ ACVA ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Deer IX & Co. Ltd.<br><sub>(Last) (First) (Middle)</sub><br>C/O BESSEMER VENTURE PARTNERS<br>1865 PALMER AVE., SUITE 104<br><sub>(Street)</sub><br>LARCHMONT, NY 10538<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-02-23 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>ACV Auctions Inc. [ ACVA ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Class A Common Stock | 2023-02-23 |  | C |  | 2000000<sup>(1)</sup> | A | 0.00<sup>(1)</sup> | 2000000<sup>(2)</sup> | I | See footnotes<sup>(2)(5)</sup> |
| Class A Common Stock | 2023-02-23 |  | S<sup>(3)</sup> |  | 2000000<sup>(3)</sup> | D | 12.22<sup>(3)</sup> | 0 | I | See footnote<sup>(5)</sup> |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Class B Common Stock | <sup>(1)</sup> | 2023-02-23 |  | C |  |  | 2000000<sup>(2)</sup> | <sup>(1)</sup> | <sup>(1)</sup> | Class A Common Stock | 2000000<sup>(2)</sup> | 0.00<sup>(1)</sup> | 16845152<sup>(4)</sup> | I | See footnotes<sup>(4)(5)</sup> |

---

### Footnotes:

(1) 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.

(2) Represents 1,100,280 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX L.P. ("BVP IX"), 881,492 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX Institutional L.P. ("BVP IX Inst"), and 18,228 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").

(3) On February 23, 2023 BVP IX, BVP IX Inst, and 15 Angels sold 1,100,280 shares, 881,492 shares and 18,228 shares, respectively, of Class A Common Stock of ACV Auctions, Inc in a single execution at a stock price of $12.22 per share.

(4) After the reported transaction, BVP IX, BVP IX Inst, and 15 Angels own 9,267,191 shares, 7,424,432 shares and 153,529 shares, respectively, of Class B Common Stock

(5) 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.

**Signature:** /s/ Scott Ring, General Counsel, Deer IX & Co. Ltd., the General Partner of Deer IX & Co. L.P., the General Partner of Bessemer Venture Partners IX L.P.  
**Date:** 2023-02-27

**Signature:** /s/ Scott Ring, General Counsel, Deer IX & Co. Ltd., the General Partner of Deer IX & Co. L.P., the General Partner of Bessemer Venture Partners IX Institutional L.P.  
**Date:** 2023-02-27

**Signature:** /s/ Scott Ring, Authorized Person, 15 Angels III LLC  
**Date:** 2023-02-27

**Signature:** /s/ Scott Ring, General Counsel, Deer IX & Co. Ltd., the General Partner of Deer IX & Co. L.P.  
**Date:** 2023-02-27

**Signature:** /s/ Scott Ring, General Counsel, Deer IX & Co. Ltd.  
**Date:** 2023-02-27

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**