Form 4: ACV Auctions CFO William Zerella Reports Tax-Related Stock Disposals

William Zerella, CFO of ACV Auctions Inc., reports the disposal of Class A Common Stock to cover tax liabilities upon vesting of restricted stock units.

Summary

• On April 1, 2025, William Zerella, the Chief Financial Officer of ACV Auctions Inc., reported the disposal of Class A Common Stock.
• The disposals were not discretionary sales but were shares withheld by the issuer to cover tax liabilities upon the vesting of time-based restricted stock units.
• Three transactions occurred on the same day, with prices at $14.47 per share.
• The transactions involved 4,216 shares, 4,919 shares, and 3,459 shares respectively.
• Following these transactions, Zerella beneficially owns 753,672 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document reports routine transactions related to tax obligations, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their potential impact on the market.

Stakeholder Impact

• The disposal of shares to cover tax liabilities may have a minor impact on shareholders due to the slight dilution of shares.

Key Dates

Keywords

ACV Auctions, William Zerella, CFO, Form 4, Stock Disposal, Tax Liabilities, Class A Common Stock, Restricted Stock Units, Beneficial Ownership