ACV Auctions Inc. (NASDAQ: ACVA) CEO details RSU tax share withholding
Rhea-AI Filing Summary
ACV Auctions Inc. reported an insider equity transaction by its Chief Executive Officer, who is also a director. On 01/02/2026, multiple blocks of common stock (10,582 shares, 9,421 shares, and 14,614 shares) were withheld at a price of $8.29 per share to cover tax liabilities arising from the vesting of previously granted time-based restricted stock units. After these transactions, the reporting person beneficially owned 2,584,097 shares of ACV Auctions common stock. The company notes that these share withholdings were to satisfy tax obligations and do not represent discretionary open‑market sales by the insider.
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FAQ
What insider transaction did ACV Auctions Inc. (ACVA) disclose?
ACV Auctions Inc. disclosed that its Chief Executive Officer and director had shares of common stock withheld by the company on 01/02/2026 to cover tax liabilities tied to vesting restricted stock units.
How many ACV Auctions (ACVA) shares were withheld for taxes in this Form 4?
The filing reports three tax-withholding transactions in common stock: 10,582 shares, 9,421 shares, and 14,614 shares, each at a price of $8.29 per share.
Was the ACV Auctions CEO’s Form 4 transaction a discretionary sale?
No. The company states that these shares were withheld to cover tax liability upon vesting of a time-based restricted stock unit grant and do not represent a discretionary sale by the reporting person.
How many ACV Auctions (ACVA) shares does the reporting person own after the transaction?
Following the reported tax-withholding transactions, the reporting person beneficially owned 2,584,097 shares of ACV Auctions Inc. common stock in direct ownership.
What role does the reporting person hold at ACV Auctions Inc. (ACVA)?
The reporting person is identified as a Director and an Officer, serving in the role of Chief Executive Officer of ACV Auctions Inc.
What does the transaction code "F" indicate in this ACV Auctions Form 4?
The transactions are reported with code "F", and the explanation states that the shares were withheld by the issuer to cover tax liability when time-based restricted stock units vested.