ACV Auctions (NASDAQ: ACVA) VP sells 1,750 shares under 10b5-1 plan
Rhea-AI Filing Summary
ACV Auctions Inc. insider activity: On 01/15/2026, officer Andrew Peer, VP, Corporate Controller & CAO, exercised an employee stock option to buy 1,750 shares of common stock at $2.44 per share and then sold 1,750 shares at $8.85 per share. The sale was made pursuant to a Rule 10b5-1 trading plan entered into on June 11, 2025. After these transactions, Peer beneficially owned 72,473 shares of ACV Auctions common stock directly and held 29,000 employee stock options.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 1,750 | $0.00 | -- |
| Exercise | Common Stock | 1,750 | $2.44 | $4K |
| Sale | Common Stock | 1,750 | $8.85 | $15K |
Footnotes (1)
- Shares sold pursuant to a Rule 10b5-1 trading plan entered into on June 11, 2025. There shares were sold in a single transaction for $8.85 per share. One-forty-eighth (1/48th) of the shares subject to the option award vested on August 29, 2019, and thereafter one-forty-eighth of the shares to the option award vested monthly, subject to the Reporting Person's continuous service.
FAQ
What insider transactions did ACV Auctions (ACVA) report for Andrew Peer?
On 01/15/2026, ACV Auctions officer Andrew Peer exercised an employee stock option for 1,750 shares of common stock and sold 1,750 shares of common stock.
Was the ACV Auctions (ACVA) insider sale made under a Rule 10b5-1 trading plan?
Yes. The filing states that the shares were sold pursuant to a Rule 10b5-1 trading plan that Andrew Peer entered into on June 11, 2025.
How many employee stock options does Andrew Peer hold after the ACV Auctions (ACVA) Form 4?
After the option exercise on 01/15/2026, Andrew Peer held 29,000 employee stock options (right to buy ACV Auctions common stock).
What is the vesting schedule for Andrew Peer’s ACV Auctions employee stock option?
The filing explains that one-forty-eighth (1/48th) of the option shares vested on August 29, 2019, and then 1/48th vested monthly thereafter, subject to his continuous service.