ACV Auctions Inc. Merger with Copart

On October 16, 2026, ACV Auctions Inc. was acquired by Copart, Inc. through a merger agreement. As part of the transaction, shares of ACV common stock tendered to Copart's subsidiary, Apple Merger Sub, Inc., were exchanged for $10.50 per share in cash. This merger resulted in ACV Auctions Inc. becoming a wholly owned subsidiary of Copart, Inc. Brian J. Radecki, a director at ACV Auctions Inc., was involved in this transaction. His restricted stock units were canceled and settled for the merger consideration. Following the transaction, the post-transaction shares owned by Mr. Radecki are reported as 0.