ZERELLA WILLIAM 4
4 · ACV Auctions Inc. · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
ACV Auctions CFO William Zerella Receives 276,276 RSUs
What Happened
William Zerella, Chief Financial Officer of ACV Auctions (ACVA), received a grant of 276,276 restricted stock units (RSUs) on 2026-04-01 (reported on Form 4). The RSUs were granted at $0.00 (typical for RSU awards) and will vest over time. On the same date the company withheld a total of 12,860 shares to cover tax liabilities related to prior RSU vesting; those withholdings are reported as dispositions (code F) with imputed cash values of $4.27 per share (totaling $54,912).
Key Details
- Transaction date: 2026-04-01; Form 4 filed: 2026-04-03 (appears timely).
- Grant: 276,276 RSUs (code A) at $0.00; vesting in 12 substantially equal quarterly installments beginning July 1, 2026, subject to continued service.
- Tax withholding (code F): 4,919 shares ($21,004), 4,482 shares ($19,138), and 3,459 shares ($14,770) — total 12,860 shares withheld (~$54,912). These withholdings were to cover tax liability and are not discretionary sales.
- Shares owned after transaction: Not disclosed in the filing.
- Footnotes: F1 describes the RSU award and vesting schedule; F2 states the withheld shares were retained by the issuer to satisfy tax obligations (not an open-market sale).
Context
The primary action is an RSU grant (a non‑cash compensation award) that vests over time; this is different from an immediate market purchase or open‑market sale. The tax-withholding entries reflect routine employer withholding when RSUs vest and do not necessarily indicate a decision by the insider to sell shares.
Insider Transaction Report
- Award
Common Stock
[F1]2026-04-01+276,276→ 1,111,500 total - Tax Payment
Common Stock
[F2]2026-04-01$4.27/sh−4,919$21,004→ 1,106,581 total - Tax Payment
Common Stock
[F2]2026-04-01$4.27/sh−4,482$19,138→ 1,102,099 total - Tax Payment
Common Stock
[F2]2026-04-01$4.27/sh−3,459$14,770→ 1,098,640 total
Footnotes (2)
- [F1]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.
- [F2]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.