Form 4: ACV Auctions Executive Reports Stock Transactions

ACV Auctions VP, Corporate Controller & CAO Andrew Peer reported the acquisition of restricted stock units and subsequent tax-related share withholdings.

Summary

• Andrew Peer, VP, Corporate Controller & CAO of ACV Auctions Inc. (ACVA), acquired 19,431 shares of Common Stock in the form of a restricted stock unit (RSU) award on January 1, 2026.
• The RSU award has a price of $0 and will vest in twelve substantially equal installments, commencing on April 1, 2026, contingent on continuous service.
• On January 2, 2026, a total of 2,512 shares (1,064, 748, and 700 shares) were disposed of at a price of $8.29 per share.
• These dispositions represent shares withheld by the Issuer to cover tax liabilities upon the vesting of previously granted time-based restricted stock units, and were not discretionary sales by the reporting person.
• Following these transactions, Andrew Peer's direct beneficial ownership of Common Stock stands at 72,473 shares.

Sentiment

Score: 6

Explanation: The filing reports an executive's acquisition of restricted stock units, indicating ongoing compensation and alignment, alongside routine tax-related share withholdings, which is a neutral event.

Positives

• Andrew Peer received an award of 19,431 restricted stock units (RSUs), aligning executive incentives with long-term company performance.

Future Outlook

The 19,431 restricted stock units granted to Andrew Peer are scheduled to vest in twelve substantially equal installments beginning April 1, 2026, subject to his continuous service.

Management Comments

• The shares disposed of were withheld by the Issuer to cover the tax liability upon the vesting of a time-based restricted stock unit previously granted, and do not represent a discretionary sale by the reporting person.

Industry Context

This Form 4 filing details a routine insider transaction related to executive compensation, specifically the grant of restricted stock units and subsequent tax-related share withholdings. Such transactions are common across publicly traded companies as a component of executive incentive and retention programs, aligning management interests with shareholder value over time.

Stakeholder Impact

• Shareholders: The RSU grant aligns executive interests with long-term shareholder value. The tax withholdings are a routine part of executive compensation and do not indicate a change in company fundamentals.

Next Steps

• The restricted stock units will begin vesting in twelve substantially equal installments starting April 1, 2026.

Key Dates

Recommendation

This Form 4 details routine executive compensation through restricted stock units and subsequent tax withholdings. It does not present new information that would significantly alter the investment thesis for ACV Auctions Inc., warranting a 'hold' recommendation.

Keywords

ACV Auctions, ACVA, Form 4, Insider Transaction, Restricted Stock Units, RSU, Executive Compensation, Stock Award, Tax Withholding