Waterman Michael 4

What Happened

• Michael Waterman, Chief Sales Officer of ACV Auctions (ACVA), reported a purchase of 214,600 shares on Feb 26, 2026. The transaction is recorded as a purchase (code P) at a weighted average price of $4.66 per share for a total reported value of $1,000,036. This was an acquisition (purchase), which investors often view as a more informative (bullish) insider action than routine sales.

Key Details

• Transaction date: February 26, 2026
• Transaction type/code: Open-market or private purchase (P)
• Shares acquired: 214,600
• Price reported (weighted avg): $4.66 per share; total reported value: $1,000,036
• Price range: purchases occurred at prices between $4.55 and $4.74 (see footnote)
• Shares owned after transaction: not specified in this Form 4 filing
• Footnote: The $4.66 figure is a weighted average; the filing states the Reporting Person will provide a per-price breakdown upon request (Footnote F1)
• Filing timeliness: Form 4 filed 2026-03-02 for a 2026-02-26 transaction (filed within the Form 4 reporting window)

Context

• This was a straight purchase (P). No options exercise, award, gift, or tax-withholding event is indicated. The filing does not state post-transaction ownership levels, so combine this transaction with prior filings to assess total insider holdings. The footnote clarifies multiple executions at slightly different prices; the filer can supply exact per-trade details if needed.