| 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 | Feb 23, 2024 | See footnote | F1, F2 | |
| transaction | ACVA | Class A Common Stock | Other | $0 | 0 | $0.00* | 0 | Feb 23, 2024 | See footnote | F1, F3, F4, F5 | |
| holding | ACVA | Class A Common Stock | 375K | Feb 23, 2024 | Direct | F5 | |||||
| holding | ACVA | Class A Common Stock | 7.39K | Feb 23, 2024 | See footnote | F6 | |||||
| holding | ACVA | Class A Common Stock | 13.1K | Feb 23, 2024 | See footnote | F7 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ACVA | Class B Common Stock | Conversion of derivative security | $0 | 0 | $0.00* | 0 | Feb 23, 2024 | Class B Common Stock | 0 | Direct | F1, F2, F5, F8 |
| 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 1,093,509 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") |
| F3 | On February 23, 2024, Bessemer Venture Partners IX L.P. ("BVP IX"), Bessemer Venture Partners IX Institutional L.P. ("BVP IX Inst"), and 15 Angels III LLC. ("15 Angels" and together with BVP IX and BVP IX Inst, the "BVP IX Funds") sold 390,271, 312,667 and 6,465 Class A Common Stock of ACV Auctions, Inc., respectively, at a weighted average price of $16.50. These shares were sold in multiple transactions at prices ranging from $16.20 to $16.75. 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. |
| F4 | On February 26, 2024, BVP IX, BVP IX Inst, and 15 Angels sold 703,238, 563,401 and 11,651 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 $16.05 to $16.72. 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. |
| F5 | 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. |
| F6 | 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. |
| F7 | The shares reported are held by Katama Point LLC ("Katama"). Katama 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. |
| F8 | As of the date hereof, BVP IX, BVP IX Inst, and 15 Angels hold 4,788,551, 3,835,893 and 79,320 Class B Stock. |