ACV Auctions Inc: VP Peer Andrew sold 220,728 shares

What happened

• Peer Andrew, VP, corporate controller & chief accounting officer, reported dispositions totaling 220,728 shares on Oct 16, 2026.
• The filing shows 186,478 shares were tendered in the change of control and exchanged for $10.50 per share, for $1,958,019 in cash. The filing also lists derivative dispositions to the issuer of 5,250 and 29,000 shares with no per-share cash price shown.

Key details

• Transaction date: Oct 16, 2026. Filing date: Oct 19, 2026.
• Price: $10.50 per share for the tendered common stock; derivative dispositions reported as N/A for price.
• Shares owned after the transaction: not reported in the provided filing excerpt.
• Footnotes: F1 states tendered ACV common stock was exchanged for $10.50 per share under the merger agreement. F2 states ACV restricted stock units were assumed by Copart and converted into Copart RSUs by an exchange ratio. F3 states ACV options with exercise prices below $10.50 were canceled for cash equal to (shares × ($10.50 − exercise price)). The 5,250 and 29,000 derivative dispositions are treated under these merger terms.
• Filing timeliness: filed three days after the transactions (not flagged as late in the provided information).

Why it may matter

• The 186,478 common shares were tendered and converted to cash at $10.50 per share under the merger offer.
• The derivative dispositions reflect merger-related treatment: RSUs converted to Copart RSUs and certain in-the-money options canceled for cash per the merger agreement; the filing does not break out cash amounts for those derivative items.
• A filing does not show why the insider traded or why the company acted.