ACV Auctions CLO covers taxes with 17,818 shares
ACV Auctions Inc. Chief Legal Officer Leanne Fitzgerald reported automatic share dispositions tied to equity compensation.
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Form Type
4
Rhea-AI Filing Summary
ACV Auctions Inc. Chief Legal Officer Leanne Fitzgerald reported automatic share dispositions tied to equity compensation. On July 1, 2026, a total of 17,818 shares of Common Stock were withheld at $7.29 per share to cover tax liabilities upon the vesting of time-based restricted stock units. The filing notes these are tax-withholding transactions rather than discretionary open-market sales, meaning they reflect required tax payments on vested awards rather than an active decision to sell shares.
Insider Trade Summary
Exercise Price or Tax Liability: 17,818 shares
Exercise Price or Tax Liability
4 txns
Insider
Fitzgerald Leanne
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 7,183 | $7.29 | $52K |
| Exercise Price or Tax Liability | Common Stock | 3,553 | $7.29 | $26K |
| Exercise Price or Tax Liability | Common Stock | 4,158 | $7.29 | $30K |
| Exercise Price or Tax Liability | Common Stock | 2,924 | $7.29 | $21K |
Holdings After Transaction:
Common Stock — 550,464 shares (Direct)
Footnotes (2)
- F1. These shares were withheld by the Issuer to cover the tax liability upon the vesting of a time-based restricted stock unit previously granted, and does not represent a discretionary sale by the reporting person.
- F2. Includes 1,073 shares acquired pursuant to the Company's 2021 Employee Stock Purchase Plan (ESPP) for the purchase period of 12/1/2025 to 5/31/2026.
Key Figures
Tax-withholding shares: 17,818 shares
Tax-withholding price: $7.29 per share
First withholding block: 2,924 shares
+4 more
7 metrics
Tax-withholding shares
17,818 shares
Shares withheld to cover tax liability on vested RSUs
Tax-withholding price
$7.29 per share
Reported price for withheld Common Stock
First withholding block
2,924 shares
Common Stock withheld for tax liability on 2026-07-01
Second withholding block
4,158 shares
Common Stock withheld for tax liability on 2026-07-01
Third withholding block
3,553 shares
Common Stock withheld for tax liability on 2026-07-01
Fourth withholding block
7,183 shares
Common Stock withheld for tax liability on 2026-07-01
ESPP shares acquired
1,073 shares
Acquired under 2021 ESPP for 12/1/2025–5/31/2026 period
Key Terms
restricted stock unit, tax liability, Employee Stock Purchase Plan, ESPP
4 terms
restricted stock unit financial
"upon the vesting of a time-based restricted stock unit previously granted"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax liability financial
"were withheld by the Issuer to cover the tax liability upon the vesting"
Employee Stock Purchase Plan financial
"acquired pursuant to the Company's 2021 Employee Stock Purchase Plan (ESPP)"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
ESPP financial
"2021 Employee Stock Purchase Plan (ESPP) for the purchase period"
An Employee Stock Purchase Plan (ESPP) is a company program that lets employees buy the company’s shares at a reduced price, usually by setting aside a small portion of their pay over time. It matters to investors because it encourages employees to own part of the business—like giving staff a discounted membership— which can boost commitment and performance, while also potentially increasing the number of shares available and affecting shareholder value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did ACVA’s Chief Legal Officer report in this Form 4?
ACV Auctions’ Chief Legal Officer Leanne Fitzgerald reported automatic dispositions of shares used to pay taxes on vested restricted stock units. These transactions are classified as tax-withholding events, not open-market sales, and are tied directly to her equity compensation vesting.
Do these ACVA transactions represent discretionary insider selling?
No, the filing specifies the dispositions were to cover tax liabilities on vesting restricted stock units and are not discretionary sales. This means the shares were automatically withheld by the company rather than actively sold by the insider in the open market.
What type of equity awards triggered the ACVA tax-withholding events?
The tax-withholding events were triggered by the vesting of time-based restricted stock units previously granted to the Chief Legal Officer. When these restricted stock units vested, the issuer withheld shares to satisfy the associated income tax obligations.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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