| 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 | May 28, 2024 | See footnote | F1, F2 | |
| transaction | ACVA | Class A Common Stock | Sale | $0 | 0 | $0.00* | 0 | May 28, 2024 | See footnote | F1, F3, F5 | |
| transaction | ACVA | Class A Common Stock | Award | $0 | +9.24K | $0.00 | 9.24K | May 29, 2024 | Direct | F4 | |
| holding | ACVA | Class A Common Stock | 375K | May 28, 2024 | Direct | F5 | |||||
| holding | ACVA | Class A Common Stock | 7.39K | May 28, 2024 | See footnote | F6 | |||||
| holding | ACVA | Class A Common Stock | 13.1K | May 28, 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 | May 28, 2024 | Class B Common Stock | 0 | See footnote | 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 30,001 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX L.P. ("BVP IX"), 24,036 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX Institutional L.P. ("BVP IX Inst"), and 497 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 May 28, 2024, BVP IX, BVP IX Inst, and 15 Angels sold 30,001, 24,036 and 497 shares of Class A Common Stock of ACV Auctions, Inc., respectively, at a weighted average price of $19.20. These shares were sold in multiple transactions at prices ranging from $18.75 to $19.62. 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 | The shares reported in this transaction represent Refresher Grant Restricted Stock Units ("RSUs"), each RSU represents the contingent right to receive one share of the Issuer's Class A common stock. The RSUs will vest on the first anniversary of the Refresher Grant Date, provided that, the RSUs shall become fully vested as of the day immediately preceding the next Annual Meeting, if sooner. Vesting of the RSUs is subject in all cases to the Eligible Director's Continuous Service (as defined in the Plan) through each such applicable vesting date. |
| 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 3,589,544, 2,875,771, and 59,471 shares of Class B Stock, respectively. |