ACVA (NASDAQ: ACVA) insider files to sell 5,250 common shares under Rule 144
Rhea-AI Filing Summary
ACV Auctions insider Andrew Peer plans to sell 5,250 shares of ACVA common stock under Rule 144. The shares are to be sold through Morgan Stanley Smith Barney LLC, with an aggregate market value of $46,410, while the issuer has 172,171,225 shares outstanding and the stock is listed on the NYSE.
The shares being sold were acquired on 01/15/2026 through a cash exercise of stock options. Over the prior three months, a Rule 10b5-1 trading plan for Andrew Peer sold a total of 3,500 common shares in two transactions for gross proceeds of $14,052.50 and $14,000.00. By signing, the seller represents not knowing any undisclosed material adverse information about the company.
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FAQ
What does the ACVA Form 144 filing disclose?
The filing discloses that Andrew Peer plans to sell 5,250 shares of ACVA common stock under Rule 144. The sale is to be executed through Morgan Stanley Smith Barney LLC, with an aggregate market value of $46,410, and the shares were acquired by exercising stock options on 01/15/2026 for cash.
What prior ACVA stock sales by Andrew Peer are disclosed?
The notice lists Rule 10b5-1 sales for Andrew Peer over the past three months: 1,750 common shares sold on 12/15/2025 for gross proceeds of $14,052.50, and another 1,750 common shares sold on 12/01/2025 for gross proceeds of $14,000.00.
What representation does the seller make in the ACVA Form 144?
By signing the notice, the seller represents that they do not know any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed, and that this also applies as of the date of any written trading plan or instruction relied upon under Rule 10b5-1.