ACV Auctions: director Rene F Jones sold 146,607 shares

What happened

• Rene F Jones, a director, disposed of 46,607 shares of ACV common stock on Oct 16, 2026, at $10.50 per share, for $489,373.50. The Form 4 also reports a disposition to the issuer of 100,000 derivative awards (reported as derivative) on Oct 16, 2026.

Key details

• Transaction date: Oct 16, 2026. Form 4 filed Oct 19, 2026.
• Price: $10.50 per share for the 46,607 shares tendered. The 100,000 derivative awards were canceled and converted to cash under the Merger Agreement; no per-share cash amount for those derivative awards is stated in the filing.
• Shares owned after the transaction: not reported in this Form 4.
• Relevant footnotes from the filing:
  • F1: Under the Merger Agreement among ACV, Copart and Merger Sub, shares tendered in the offer were exchanged for $10.50 per share in cash.
  • F2: Outstanding RSUs were canceled in exchange for the right to receive the Merger Consideration; vested options with an exercise price below $10.50 were canceled in exchange for cash equal to the number of option shares multiplied by the excess of $10.50 over the option exercise price.
• Timeliness: filed Oct 19, 2026; the filing does not indicate it was late.

Why it may matter

• The 46,607 shares were tendered and exchanged for cash at $10.50 per share under the Merger Agreement.
• The 100,000 reported derivative awards were canceled and converted to cash per the Merger Agreement (per the filing).
• This filing does not show why the insider traded or why the company acted.