ACV Auctions Inc. — Director's Dealing 2021

Mar 24, 2021

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: ACV Auctions Inc. (ACVA)
CIK: 0001637873
Period of Report: 2021-03-23

Reporting Person: Chamoun George (Director, Chief Executive Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4273338	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Series Seed Preferred	$		Common Stock (48075)		Direct
Series D Preferred	$		Common Stock (29083)		Direct
Employee Stock Option (right to buy)	$0.14	2027-03-21	Common Stock (1852730)		Direct

Footnotes

F1: Each share of Common Stock shall be reclassified into one share of Class B Common Stock immediately prior to the completion of the Issuer's initial public offering of Class A Common Stock.

F2: Each share of Series Seed Preferred Stock and Series C Preferred Stock will automatically convert into shares of Common Stock on a 1:1 basis immediately prior to the closing of the Issuer's initial public offering and have no expiration date.

F3: One-fourth (1/4th) of the shares subject to the option award vested on March 22, 2018, and thereafter one-forty-eighth of the shares subject to the option award vest monthly, subject to the Reporting Person's continuous service.