ACV Auctions (ACVA) Chief Legal Officer reports Form 4 tax share withholding
Rhea-AI Filing Summary
ACV Auctions Inc. reported insider equity activity by its Chief Legal Officer on a Form 4. On 01/02/2026, multiple entries of common stock were reported with transaction code "F" at a price of $8.29 per share. The filing explains that these shares were withheld by the company to cover tax liabilities upon the vesting of previously granted time-based restricted stock units, and do not represent discretionary open-market sales.
Following the reported tax-withholding transactions, the reporting person beneficially owned 389,317 shares of ACV Auctions common stock in direct form. This total includes 897 shares acquired through the company’s 2021 Employee Stock Purchase Plan for the purchase period from 06/01/2025 to 11/30/2025.
Positive
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Negative
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FAQ
What insider activity did ACV Auctions Inc. (ACVA) report in this Form 4?
The Form 4 reports that ACV Auctions Inc.’s Chief Legal Officer had shares of common stock withheld by the company on 01/02/2026 to satisfy tax obligations related to vesting restricted stock units, coded as transaction type "F" at $8.29 per share.
Does the ACV Auctions (ACVA) Form 4 reflect open-market sales by the insider?
No. The filing states that the reported shares were withheld by the issuer to cover tax liability upon vesting of time-based restricted stock units and do not represent a discretionary sale by the reporting person.
How many ACV Auctions (ACVA) shares does the reporting person own after these transactions?
After the reported tax-withholding transactions, the reporting person beneficially owned 389,317 shares of ACV Auctions Inc. common stock in direct ownership.
What role does the insider hold at ACV Auctions Inc. (ACVA)?
The reporting person is an officer of ACV Auctions Inc., serving as the company’s Chief Legal Officer, as indicated in the relationship section of the Form 4.
What is the significance of the $8.29 price on the ACV Auctions (ACVA) Form 4?
The Form 4 shows multiple tax-withholding transactions in common stock on 01/02/2026, each at a price of $8.29 per share, which is the price used to determine the value of shares withheld to cover the insider’s tax liability.
How many ACV Auctions (ACVA) shares were acquired through the ESPP mentioned in the Form 4?
The explanation notes that the insider’s holdings include 897 shares acquired under ACV Auctions Inc.’s 2021 Employee Stock Purchase Plan for the purchase period from 06/01/2025 to 11/30/2025.
Is the ACV Auctions (ACVA) Form 4 filed by a single reporting person or a group?
The Form 4 indicates that it is filed by one reporting person, not by more than one reporting person or a group.