Form 4: ACV Auctions Inc. Executive Anderson Craig Eric Reports Tax Liability Share Withholding
SEC Form 4 Filing
Craig Eric Anderson, CCDSO of ACV Auctions Inc., reports the withholding of shares to cover tax liabilities upon vesting of restricted stock units.
Summary
- On January 2, 2025, Craig Eric Anderson, CCDSO of ACV Auctions Inc., had shares withheld by the issuer to cover tax liabilities upon the vesting of time-based restricted stock units.
- A total of 3,087, 5,185, and 3,645 Class A Common Stock shares were withheld at a price of $20.94 per share.
- Anderson directly owns 255,459, 250,274 and 253,213 shares of Class A Common Stock following these transactions, which includes 6,584 shares acquired through the company's Employee Stock Purchase Plan (ESPP).
- He also owns 31,907 derivative securities.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Positives
- The reporting person's holdings include shares acquired through the company's Employee Stock Purchase Plan (ESPP), indicating participation in the company's equity.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, ensuring fair market practices.
Stakeholder Impact
- Shareholders are informed about insider transactions, promoting transparency.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of share withholding for tax liability. |
| 01/06/2025 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.