ACV Auctions Inc. Merger and Executive Transactions

This filing details significant transactions related to ACV Auctions Inc. (ACV) due to its merger with Copart, Inc. Michael Waterman, Chief Sales Officer, engaged in several transactions on October 16, 2026. He acquired 252,279 shares of Common Stock under performance-based restricted stock units, increasing his holdings to 1,037,462 shares. Subsequently, these shares were disposed of as part of the merger. Additionally, Waterman’s stock options (259,835 units) were canceled in exchange for a cash payment, with the exercise price being less than the merger consideration of $10.50 per share. The merger involved ACV becoming a subsidiary of Copart, with ACV shareholders receiving $10.50 per share in cash.