Chamoun George 4

What Happened
George Chamoun, CEO of ACV Auctions (ACVA), was granted 500,221 restricted stock units (RSUs) on Apr 2, 2026 (acquired at $0.00). To cover tax liabilities related to RSU vesting, 33,405 shares were withheld on Apr 1, 2026 in three separate withholdings at $4.27 per share (13,401 shares for $57,222; 9,422 shares for $40,232; 10,582 shares for $45,185), totaling approximately $142,639. The withholdings are not discretionary sales by the reporting person.

Key Details

• Transaction dates: Apr 1, 2026 (tax withholding/disposals) and Apr 2, 2026 (RSU grant/acquisition). Filing date: Apr 3, 2026 (timely).
• Prices and amounts: Withheld 13,401 / 9,422 / 10,582 shares at $4.27 each; RSU award of 500,221 shares @ $0.00. Aggregate withheld value ≈ $142,639.
• Shares owned after transaction: Not disclosed in the provided Form 4.
• Footnotes: F1 — shares were withheld by the issuer to cover tax liability and do not represent a discretionary sale. F2 — the RSUs will vest in 12 substantially equal quarterly installments beginning July 1, 2026, subject to continuous service.
• Filing timeliness: Report filed Apr 3, 2026 for transactions on Apr 1–2, 2026 (within required Form 4 timing).

Context

• The Apr 2 entry is an RSU grant (compensation), not an open-market purchase; vesting is spread quarterly over three years, so full economic ownership is gradual.
• The Apr 1 disposals were tax withholdings (cashless/cancelled shares) tied to vesting, which are routine and do not indicate a discretionary sale or direct bearish signal.
• For retail investors, RSU grants show management compensation/retention, while withheld shares for taxes are administrative — neither proves confidence or lack thereof on its own.