ACV Auctions Inc. Merger Transaction and Executive Stock Unit Conversion

This SEC filing details a significant transaction involving ACV Auctions Inc. (ACV), Copart, Inc. (Copart), and Apple Merger Sub, Inc. As part of a merger agreement, ACV shareholders who tendered their shares received $10.50 per share in cash. Following the tender offer, a merger occurred, making ACV a subsidiary of Copart. The filing also reports on the conversion of restricted stock units (RSUs) and performance-based restricted stock units (PSUs) held by Vikas Mehta, Chief Operating Officer of ACV. These awards were assumed by Copart and converted into time-based RSUs based on an exchange ratio, with performance-based awards adjusted for target performance levels. Post-transaction, Mehta