ACV Auctions Inc. — Director's Dealing 2024

Aug 23, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACV Auctions Inc. (ACVA)
CIK: 0001637873
Period of Report: 2024-08-21

Reporting Person: Hirsch Brian (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-08-21	Class A Common Stock	C	931394	—	Acquired	931394	Indirect
2024-08-21	Class A Common Stock	C	310465	—	Acquired	310465	Indirect
2024-08-22	Class A Common Stock	J	931394	—	Disposed	0	Indirect
2024-08-22	Class A Common Stock	J	310465	—	Disposed	0	Indirect
2024-08-22	Class A Common Stock	J	148773	—	Acquired	148773	Indirect
2024-08-22	Class A Common Stock	J	148773	—	Disposed	0	Indirect
2024-08-22	Class A Common Stock	J	61666	—	Acquired	70905	Direct
2024-08-23	Class A Common Stock	S	61666	$18.63	Disposed	9239	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-08-21	Class B Common Stock	$	C	931394	Disposed		Class A Common Stock (931394)	Indirect
2024-08-21	Class B Common Stock	$	C	310465	Disposed		Class A Common Stock (310465)	Indirect

Footnotes

F1: These shares of Class B common stock were converted into Class A common stock on a one-for-one basis for no additional consideration.

F2: The shares are held by Tribeca Venture Fund II, L.P. ("TVFII"). Tribeca Venture Partners II GP, LLC ("TVP II GP") is the general partner of TVFII. The Reporting Person is a managing partner of TVP II GP. The Reporting Person disclaims beneficial ownership of the shares held by TVFII, except to the extent of his pecuniary interest, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such shares.

F3: The shares are held by Tribeca Venture Fund II New York, L.P. ("TVFII NY"). TVP II GP is the general partner of TVFII NY. The Reporting Person is a managing partner of TVP II GP. The Reporting Person disclaims beneficial ownership of the shares held by TVFII NY, except to the extent of his pecuniary interest, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such shares.

F4: Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by TVFII to its general partner and limited partners without additional consideration.

F5: Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by TVFII NY to its general partner and limited partners without additional consideration.

F6: Represents receipt of shares in the distributions in kind described in footnotes (4) and (5).

F7: The shares are held by TVP II GP. The Reporting Person is a managing partner of TVP II GP. The Reporting Person disclaims beneficial ownership of the shares held by TVP II GP, except to the extent of his pecuniary interest, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such shares.

F8: Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by TVP II GP to its members without additional consideration.

F9: Represents receipt of shares in the distribution in kind described in footnote (8).

F10: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.40 to $18.81 inclusive. 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 range set forth in this footnote.

F11: Each share of Class B common stock will convert automatically into one share of Class A common stock for no consideration upon any transfer, except for certain permitted transfers, and has no expiration date.