Form 4: ACV Auctions Executive Reports Routine Stock Transactions, Including Tax Withholding and ESPP Acquisition

ACV Auctions Inc.'s VP, Corporate Controller & CAO, Andrew Peer, reported the disposition of 4,134 shares for tax withholding related to restricted stock unit vesting and the acquisition of 500 shares through the Employee Stock Purchase Plan.

Summary

• Andrew Peer, VP, Corporate Controller & CAO of ACV Auctions Inc., reported changes in beneficial ownership of common stock.
• On July 1, 2025, a total of 4,134 shares of common stock were disposed of at a price of $16.48 per share.
• These dispositions were shares withheld by ACV Auctions Inc. to cover tax liabilities upon the vesting of time-based restricted stock units and do not represent discretionary sales by Mr. Peer.
• Following these transactions, Andrew Peer beneficially owns 56,750 shares of ACV Auctions Inc. common stock directly.
• The reported beneficial ownership includes 500 shares acquired through the Company's 2021 Employee Stock Purchase Plan (ESPP) for the purchase period from December 1, 2024, to May 31, 2025.
• The company's stock, previously referred to as Class A Common Stock, is now referred to as Common Stock following changes to the company's articles of incorporation, with no change to any related rights.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive due to the acquisition of shares via the Employee Stock Purchase Plan, indicating continued employee investment. The dispositions are routine tax withholdings, which are neutral events and not discretionary sales.

Positives

• Acquisition of 500 shares through the Employee Stock Purchase Plan (ESPP) indicates continued employee investment in the company.

Negatives

• A total of 4,134 shares were disposed of to cover tax liabilities, reducing the direct beneficial ownership.

Future Outlook

NA

Industry Context

This Form 4 filing is a routine disclosure of insider stock transactions, common across all publicly traded industries. It reflects standard compensation practices involving restricted stock units and employee stock purchase plans, which are prevalent in the technology and automotive marketplace sectors where ACV Auctions operates.

Corporate Governance

Stakeholder Impact

• Shareholders: The routine nature of the transactions (tax withholding, ESPP acquisition) suggests minimal direct impact on existing shareholders. The slight reduction in direct beneficial ownership due to tax withholding is offset by the non-discretionary nature of the sale and the ESPP acquisition.
• Employees: The Employee Stock Purchase Plan (ESPP) indicates a mechanism for employees to acquire company stock, which can align employee interests with company performance.

Key Dates

Keywords

ACV Auctions Inc., ACVA, Form 4, SEC Filing, Insider Trading, Stock Transaction, Restricted Stock Units, RSU Vesting, Tax Withholding, Employee Stock Purchase Plan, ESPP, Common Stock, Corporate Controller, CAO