ACV Auctions Inc. Merger and Shareholder Transactions

This SEC filing details significant transactions related to ACV Auctions Inc. (ACV) following a merger agreement with Copart, Inc. Leanne Fitzgerald, Chief Legal Officer, reported transactions on October 16, 2026. Under the terms of the merger, ACV shares tendered to Copart's subsidiary, Apple Merger Sub, Inc., were exchanged for $10.50 per share in cash. This included the acquisition of 178,326 shares of common stock. Subsequently, 711,600 shares were disposed of as part of the merger completion, resulting in zero shares held directly post-transaction. The filing also notes the conversion of restricted stock units (RSUs) and performance-based restricted stock units (PSUs) into time-based RSUs of Copart. Vested options with an exercise price below the merger consideration were canceled in exchange for a cash payment.