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ACV Auctions (NASDAQ: ACVA) CEO gets 500,221-share RSU grant

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

ACV Auctions Inc. director and CEO George Chamoun received a grant of 500,221 shares of Common Stock as a restricted stock unit award at no cost. The RSUs vest in twelve equal quarterly installments beginning July 1, 2026, subject to his continued service. On April 1, 2026, a total of 33,405 shares were withheld at $4.27 per share to cover tax liabilities from a prior RSU vesting, which was not a discretionary sale. After these transactions, he directly holds 3,419,793 shares of Common Stock.

Positive

  • None.

Negative

  • None.
Insider Chamoun George
Role Chief Executive Officer
Type Security Shares Price Value
Grant/Award Common Stock 500,221 $0.00 --
Tax Withholding Common Stock 13,401 $4.27 $57K
Tax Withholding Common Stock 9,422 $4.27 $40K
Tax Withholding Common Stock 10,582 $4.27 $45K
Holdings After Transaction: Common Stock — 3,419,793 shares (Direct)
Footnotes (1)
  1. 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. Represents a restricted stock unit ("RSU") award. The RSUs will vest in twelve (12) substantially equal quarterly installments beginning July 1, 2026, subject to the Reporting Person's continuous service through each such date.
RSU grant size 500,221 shares Restricted stock unit award to CEO, granted at $0.00 per share
Tax-withheld shares 33,405 shares Shares withheld on April 1, 2026 to cover RSU tax liability
Tax-withholding price $4.27 per share Price applied to shares withheld for tax obligations
Post-transaction holdings 3,419,793 shares CEO’s direct Common Stock ownership after reported transactions
Number of tax-withholding transactions 3 transactions Form 4 lists three F-code tax-withholding dispositions
restricted stock unit financial
"Represents a restricted stock unit ("RSU") award."
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.
RSU financial
"Represents a restricted stock unit ("RSU") award."
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
tax liability financial
"withheld by the Issuer to cover the tax liability upon the vesting"
withheld financial
"These shares were withheld by the Issuer to cover the tax liability"
Chief Executive Officer financial
"officer_title": "Chief Executive Officer""
A chief executive officer (CEO) is the top leader of a company, responsible for making major decisions, setting goals, and guiding the organization’s overall direction. Think of the CEO as the captain of a ship, steering it toward success. Investors pay close attention to the CEO because their leadership and strategy can significantly influence the company's performance and future growth.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Chamoun George

(Last)(First)(Middle)
C/O ACV AUCTIONS INC.
640 ELLICOTT ST., SUITE 321

(Street)
BUFFALO NEW YORK 14203

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
ACV Auctions Inc. [ ACVA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock04/01/2026F13,401(1)D$4.272,939,576D
Common Stock04/01/2026F9,422(1)D$4.272,930,154D
Common Stock04/01/2026F10,582(1)D$4.272,919,572D
Common Stock04/02/2026A500,221(2)A$03,419,793D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. 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.
2. Represents a restricted stock unit ("RSU") award. The RSUs will vest in twelve (12) substantially equal quarterly installments beginning July 1, 2026, subject to the Reporting Person's continuous service through each such date.
Remarks:
/s/ Michelle Webb, Attorney-in-Fact04/03/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did ACVA’s CEO report in this Form 4?

ACV Auctions CEO George Chamoun reported receiving a grant of 500,221 shares of Common Stock as a restricted stock unit award at no cost. This increases his equity-based compensation and aligns his interests with long-term company performance through multi-year vesting.

How do the 500,221 RSUs granted to ACVA’s CEO vest over time?

The 500,221 restricted stock units granted to ACV Auctions’ CEO vest in twelve substantially equal quarterly installments starting July 1, 2026. Vesting requires his continuous service through each vesting date, spreading the award’s benefit over several years as he remains with the company.

Were any ACVA shares sold by the CEO in this filing?

No discretionary open-market sales were reported. Instead, 33,405 shares of ACV Auctions Common Stock were withheld at $4.27 per share to cover tax liabilities from a prior RSU vesting, which the filing clarifies does not represent a voluntary sale by the CEO.

How many ACVA shares does the CEO own after these Form 4 transactions?

Following the reported grant and tax-withholding entries, ACV Auctions CEO George Chamoun directly owns 3,419,793 shares of Common Stock. This figure reflects his updated ownership position after adding the new restricted stock unit award and accounting for the shares withheld for taxes.

What was the price used for ACVA shares withheld for taxes?

For the tax-withholding transactions on April 1, 2026, ACV Auctions used a price of $4.27 per share. At that price, 33,405 shares of Common Stock were withheld to satisfy the CEO’s tax obligations arising from the vesting of a previously granted RSU award.

Why were ACVA shares withheld in the Form 4 instead of being sold in the market?

The filing states that the 33,405 ACV Auctions shares were withheld by the issuer to cover tax liability from a prior RSU vesting. This mechanism settles taxes directly with shares, avoiding an open-market sale and not reflecting a discretionary trading decision by the CEO.