Fitzgerald Leanne 4

What Happened

• Leanne Fitzgerald, Chief Legal Officer of ACV Auctions (ACVA), had a total of 17,818 shares withheld by the company on 2026-07-01 to cover tax liabilities arising from the vesting of time‑based restricted stock units (RSUs). Each share was valued at $7.29, for an aggregate withholding value of $129,893.
• The filing lists four withholding transactions (7,183; 3,553; 4,158; 2,924 shares) at $7.29 each. These were tax withholdings (transaction code F) and are not discretionary open‑market sales by the reporting person.

Key Details

• Transaction date: 2026-07-01; price used for withholding: $7.29 per share.
• Total shares withheld (disposed): 17,818; total value: $129,893.
• Footnotes: F1 — shares were withheld by the issuer to cover tax liability upon vesting of time‑based RSUs and do not represent a discretionary sale. F2 — the reported activity includes 1,073 shares acquired under the company’s 2021 ESPP (purchase period 12/1/2025–5/31/2026).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing timeliness: Report filed 2026-07-06 for a 2026-07-01 transaction (appears later than the typical 2 business‑day Form 4 deadline).

Context

• This is a tax‑withholding event (code F), not an open‑market sale; withheld shares are commonly used to satisfy withholding obligations when RSUs vest and do not necessarily indicate a manager selling shares for investment reasons.
• For investors tracking insider activity, purchase transactions generally carry more directional signal than routine withholdings; treat this as a standard payroll/tax mechanics item unless accompanied by discretionary sales or purchases in other filings.