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: Waterman Michael (Chief Sales Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-26	Employee Stock Option (right to buy)	$0.06	J	617674	Disposed	2026-10-25	Common Stock (617674)	Direct
2021-03-26	Employee Stock Option (right to buy)	$0.06	J	617674	Acquired	2026-10-25	Class B Common Stock (617674)	Direct
2021-03-26	Employee Stock Option (right to buy)	$0.14	J	323189	Disposed	2027-08-26	Common Stock (323189)	Direct
2021-03-26	Employee Stock Option (right to buy)	$0.14	J	323189	Acquired	2027-08-26	Class B Common Stock (323189)	Direct
2021-03-26	Restricted Stock Units	$	J	185623	Disposed		Common Stock (185623)	Direct
2021-03-26	Restricted Stock Units	$	J	185623	Acquired		Class B Common Stock (185623)	Direct

Footnotes

F1: Fully vested.

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: One-fourth (1/4th) of the shares subject to the option award vested on July 1, 2018, and thereafter one-forty-eighth of the shares subject to the option award vest monthly, subject to the Reporting Person's continuous service.

F4: Each restricted stock unit ("RSU") represents a contingent right to receive one share of Issuer Common Stock.

F5: The RSUs vest with respect to one-sixteenth of the RSUs each quarter over a four-year period beginning on April 1, 2021, subject to the Reporting Person's continuous service.

F6: Each RSU represents a contingent right to receive one share of Issuer Class B Common Stock.