| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ACVA | Class A Common Stock | Conversion of derivative security | $0 | 0 | $0.00* | 0 | Nov 12, 2021 | See footnote | F1, F2 | |
| transaction | ACVA | Class A Common Stock | Sale | $0 | 0 | $0.00* | 0 | Nov 12, 2021 | See footnote | F3, F4 | |
| holding | ACVA | Class A Common Stock | 534K | Nov 12, 2021 | Direct | ||||||
| holding | ACVA | Class A Common Stock | 37K | Nov 12, 2021 | See footnote | F5 | |||||
| holding | ACVA | Class A Common Stock | 65.3K | Nov 12, 2021 | See footnote | F6 |
| Id | Content |
|---|---|
| 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. |
| F2 | 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") |
| F3 | On November 11, 2021 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, in a single execution of $19.45 per share. |
| F4 | The Reporting Person is a director of Deer IX & Co. Ltd. ("Deer IX Ltd.") which is the general partner of Deer IX & Co. L.P. ("Deer IX LP"), which is the general partner of the BVP IX Funds The Reporting Person disclaims beneficial ownership of the securities held by BVP IX Funds, except to the extent of his pecuniary interest, if any, in such securities by virtue of his interest in Deer IX Ltd. and Deer IX LP and his indirect interest in the BVP IX Funds. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities. |
| F5 | The shares reported are held by NB Group, LLC ("NB Group"). NB Group is controlled by the Reporting Person, and the Reporting Person disclaims beneficial ownership of the shares held by this entity, except to the extent of his pecuniary interest therein, if any. |
| F6 | The shares reported are held by Cracktuxet II, LLC ("Cracktuxet II"). Cracktuxet II is controlled by the Reporting Person, and the Reporting Person disclaims beneficial ownership of the shares held by this entity, except to the extent of his pecuniary interest therein, if any. |