Form 4: ACV Auctions Inc. Executive Andrew Peer Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Andrew Peer, VP, Corporate Controller & CAO of ACV Auctions Inc., sold shares of Class A Common Stock on May 8 and May 12, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Andrew Peer, VP, Corporate Controller & CAO of ACV Auctions Inc., reported the sale of Class A Common Stock.
- On May 8, 2025, 2,666 shares were sold at $17.00 per share.
- On May 12, 2025, 10,261 shares were sold at a weighted average price of $17.18, with prices ranging from $17.01 to $17.30.
- The sales were executed under a Rule 10b5-1 trading plan established on December 13, 2024.
- Following these transactions, Peer directly owns 60,384 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing regarding stock sales by an executive, which is neutral in sentiment.
Industry Context
This filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 trading plans to sell shares over time to avoid accusations of trading on inside information.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| 12/13/2024 | Date of entry into Rule 10b5-1 trading plan |
| 05/08/2025 | Date of first transaction: sale of 2,666 shares |
| 05/12/2025 | Date of second transaction: sale of 10,261 shares |
Keywords
ACV Auctions Inc., Andrew Peer, Form 4, insider trading, Rule 10b5-1, stock sale, ACVA, VP Corporate Controller & CAO
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