Form 4: ACV Auctions Director Plans Future Stock Purchase

ACV Auctions Inc. Director Brian Hirsch reported a planned acquisition of 80,571 shares of Class A Common Stock on November 14, 2025, at a weighted average price of $6.21, under a Rule 10b5-1 plan.

Summary

• Brian Hirsch, a Director of ACV Auctions Inc. (ACVA), reported a planned purchase of 80,571 shares of Class A Common Stock.
• The transaction is scheduled for November 14, 2025, at a weighted average price of $6.21 per share, with prices ranging from $6.175 to $6.22.
• This planned acquisition is being made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan.
• Following this planned transaction, Brian Hirsch will directly beneficially own 99,678 shares of Class A Common Stock.
• Additionally, Brian Hirsch has indirect beneficial ownership of 1,397,090 shares held by Tribeca Venture Fund II, L.P., and 465,697 shares held by Tribeca Venture Fund II New York, L.P., through his role as a managing partner of their general partner, Tribeca Venture Partners II GP, LLC. He disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

Sentiment

Score: 7

Explanation: The planned purchase of company stock by a director, even under a 10b5-1 plan, indicates a positive outlook and confidence in the company's valuation by an insider.

Positives

• A planned purchase by a company director, even if under a 10b5-1 plan, generally signals management's confidence in the company's future prospects and valuation.

Future Outlook

Not applicable as this filing reports a planned insider transaction, not company performance guidance or forward-looking statements about the business operations.

Industry Context

This Form 4 filing reports an individual insider transaction and does not contain information related to broader industry trends or competitors.

Related Party Transactions

• Brian Hirsch is a managing partner of Tribeca Venture Partners II GP, LLC, which serves as the general partner for Tribeca Venture Fund II, L.P. and Tribeca Venture Fund II New York, L.P.
• Tribeca Venture Fund II, L.P. beneficially owns 1,397,090 shares of ACV Auctions Inc. Class A Common Stock.
• Tribeca Venture Fund II New York, L.P. beneficially owns 465,697 shares of ACV Auctions Inc. Class A Common Stock.
• Brian Hirsch disclaims beneficial ownership of the shares held by these funds, except to the extent of his pecuniary interest, if any.

Stakeholder Impact

• Shareholders may view the planned insider purchase as a positive signal of management confidence, potentially influencing investor sentiment.

Next Steps

• The planned acquisition of 80,571 Class A Common Stock shares by Brian Hirsch is scheduled to occur on November 14, 2025.

Key Dates

Recommendation

A director's planned purchase of company stock, even under a Rule 10b5-1 plan, is generally a positive signal, indicating management confidence in the company's future. However, this single future transaction alone is not sufficient to warrant a 'buy' recommendation without further fundamental analysis of the company's financial health, market position, and broader industry trends. Therefore, a 'hold' recommendation is appropriate, suggesting investors monitor future developments and company performance.

Keywords

ACV Auctions, ACVA, Insider Buy, Form 4, Stock Purchase, Director Transaction, Brian Hirsch, 10b5-1 Plan