Form 4: ACV Auctions Inc. Executive Michael Waterman Reports Stock Disposals to Cover Tax Obligations

Michael Waterman, Chief Sales Officer of ACV Auctions Inc., reported the disposal of Class A Common Stock to cover tax liabilities upon the vesting of restricted stock units.

Summary

• On April 1, 2025, Michael Waterman, Chief Sales Officer of ACV Auctions Inc., disposed of several blocks of Class A Common Stock to cover tax liabilities.
• The disposals were not discretionary sales but were executed to cover the tax obligations arising from the vesting of time-based restricted stock units.
• The transactions involved the disposal of 4,565 shares, 2,196 shares, 4,919 shares, and 3,459 shares, all at a price of $14.47 per share.
• Following these transactions, Waterman's direct ownership of Class A Common Stock decreased, but he still holds 312,425 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing relates to routine stock disposals for tax purposes and doesn't indicate any significant positive or negative developments for the company.

Industry Context

This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies. It doesn't necessarily reflect a change in the company's outlook or performance.

Stakeholder Impact

• The stock disposal may have a minor dilutive effect on shareholders, but it is not expected to be significant.

Key Dates

Keywords

ACV Auctions Inc., Michael Waterman, Form 4, Stock Disposal, Tax Liability, Class A Common Stock, Restricted Stock Units, Beneficial Ownership, SEC Filing