ACV Auctions (NASDAQ: ACVA) grants director 27,500 RSUs vesting in a year
Rhea-AI Filing Summary
Castillo Kirsten reported acquisition or exercise transactions in this Form 4 filing.
ACV Auctions Inc. director Kirsten Castillo received a grant of 27,500 shares of Common Stock in the form of restricted stock units. These RSUs were awarded at a price of $0.00 per share and increase her direct holdings to 66,607 shares.
The RSUs will vest on the first anniversary of the grant date, or earlier on the day immediately before the next Annual Meeting if that occurs sooner, subject to her continuous service through the applicable vesting date. The company also notes that its stock previously referred to as Class A Common Stock is now called Common Stock, with no change to any rights.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Castillo Kirsten
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 27,500 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 66,607 shares (Direct)
Footnotes (1)
- The company's stock previously referred to as Class A Common Stock is now referred to as Common Stock following changes made to the company's articles of incorporation in 2025. There was no change to any rights related to the stock. Represents a restricted stock unit ("RSU") award. The RSUs will vest on the first anniversary of the grant date, provided that the RSUs shall become fully vested as of the day immediately preceding the next Annual Meeting if such date is sooner than first anniversary of the grant date. Vesting of the RSUs is subject in all cases to the Reporting Person's continuous services through the applicable vesting date.
Key Figures
RSUs granted: 27,500 shares
Grant price: $0.00 per share
Shares after transaction: 66,607 shares
+2 more
5 metrics
RSUs granted
27,500 shares
Restricted stock unit award on 2026-05-27
Grant price
$0.00 per share
Equity compensation, not open-market purchase
Shares after transaction
66,607 shares
Total Common Stock directly held following the grant
Vesting trigger
First anniversary or pre-Annual Meeting
RSUs vest on first anniversary or day before next Annual Meeting
Stock designation change
Class A to Common Stock
Name change in 2025 with no rights changes
Key Terms
restricted stock unit ("RSU"), vest, Annual Meeting, articles of incorporation, +1 more
5 terms
restricted stock unit ("RSU") financial
"Represents a restricted stock unit ("RSU") award."
vest financial
"The RSUs will vest on the first anniversary of the grant date"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Annual Meeting financial
"shall become fully vested as of the day immediately preceding the next Annual Meeting"
A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.
articles of incorporation regulatory
"changes made to the company's articles of incorporation in 2025."
A formal legal document filed with a government authority that creates a corporation and sets its basic rules — for example the company name, business purpose, how many ownership shares can exist, and who can receive legal notices. It matters to investors because it defines ownership structure, voting rights, and limits on liability, shaping who controls the company and how future shares or dividends can affect an investor’s stake; think of it as the company’s birth certificate and rulebook.
Common Stock financial
"now referred to as Common Stock following changes made"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
AI-generated analysis. How Rhea-AI works. Not financial advice.
