ACV Auctions Inc. — Director's Dealing 2021

Mar 31, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACV Auctions Inc. (ACVA)
CIK: 0001637873
Period of Report: 2021-03-26

Reporting Person: ZERELLA WILLIAM (Chief Financial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-26	Employee Stock Option (right to buy)	$5.42	J	1231239	Disposed	2030-10-26	Common Stock (1231239)	Direct
2021-03-26	Employee Stock Option (right to buy)	$5.42	J	1231239	Acquired	2030-10-26	Class B Common Stock (1231239)	Direct
2021-03-26	Restricted Stock Units	$	J	250000	Disposed		Common Stock (250000)	Direct
2021-03-26	Restricted Stock Units	$	J	250000	Acquired		Class B Common Stock (250000)	Direct

Footnotes

F1: One-fourth (1/4th) of the shares subject to the option award will vest on September 14, 2021, and thereafter one-forty-eighth of the shares subject to the option award vest monthly, subject to the Reporting Person's continuous service.

F2: Immediately prior to the closing of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7.

F3: Each restricted stock unit ("RSU") represents a contingent right to receive one share of Issuer Common Stock.

F4: The RSUs vest with respect to one-fourth of the RSUs on September 14, 2021, with the remainder vesting in 36 equal monthly installments, subject to the Reporting Person's continuous service.

F5: Each RSU represents a contingent right to receive one share of Issuer Class B Common Stock.