ACV Auctions Inc. 8-K

What Happened

• ACV Auctions Inc. (ACVA) filed an 8-K on May 13, 2026 reporting an Accelerated Share Repurchase (ASR) agreement.
• The ASR master confirmation is between the Company and Citibank, N.A., dated May 12, 2026 and is included as Exhibit 10.1 to the filing.
• The 8-K (Item 9.01) only attaches the agreement and related Inline XBRL cover page; it does not disclose additional financial results or management changes.

Key Details

• Agreement counterparty: Citibank, N.A. (Master Confirmation – Accelerated Share Repurchase).
• Agreement date: May 12, 2026; 8-K filed: May 13, 2026.
• Exhibit included: 10.1 (ASR master confirmation); 104 (Cover Page Interactive Data File embedded).
• Filing item: 9.01 — Financial Statements and Exhibits (no other items reported).

Why It Matters

• An ASR is a mechanism companies use to buy back shares quickly; the agreement could lead to share repurchases that affect outstanding share count and per-share metrics once terms are executed and disclosed.
• The 8-K itself provides the contract exhibit but does not state the dollar amount, number of shares, or timing — investors should review Exhibit 10.1 and watch for subsequent filings (e.g., Form 8-K amendments or Form 10-Q/10-K disclosures) for the ASR’s economic terms and any impact on ACV’s capital structure.