[144] ACV Auctions Inc. SEC Filing

Rhea-AI Filing Summary

On 07/21/2025, FVCBankcorp (FVCB) director Scott Laughlin filed a Form 4 disclosing the exercise of 21,483 stock options (transaction code M) at an exercise price of $9.216 per share. The options were granted on 05/19/2016 and were due to expire on 05/19/2026. The exercise converted the options into the same number of common shares.

As a result, Laughlin’s direct ownership rose to 181,672 common shares, and he no longer holds derivative securities from this grant. Because no shares were sold, the move increases the director’s equity stake and can be viewed as an alignment of interests with shareholders. The filing does not disclose FVCB’s current market price or the percentage of total shares represented by this acquisition.

Insights

Securities Analyst

TL;DR: Director converts options, adds 21k shares; signals modest insider confidence, limited market impact.

The transaction is an in-the-money option exercise rather than an open-market purchase, but it still increases the insider’s economic exposure to the stock. The additional 181,672 directly held shares strengthen alignment with investors. From a trading-signal standpoint, Form 4 buys generally carry a mild positive bias, yet the absolute share count appears relatively small for a regional bank and may not materially move the stock.

Corporate Governance Expert

TL;DR: Option exercise eliminates derivative position, simplifies ownership structure.

Removing outstanding options and replacing them with common shares reduces potential dilution risk and clarifies the director’s stake. The lack of any simultaneous sale suggests the director is comfortable holding the underlying equity approaching the option’s 2026 expiry. Governance best practice favors insiders maintaining meaningful, unhedged ownership, so this filing is governance-positive, albeit modest in scale.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	15000	224250.00	171064794	07/22/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	04/01/2024	Restricted Stock Units	Issuer			15000	04/01/2024	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)