ACV Auctions Inc.·4

Jul 6, 4:42 PM ET

Anderson Craig Eric 4

Research Summary

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Updated

ACV Auctions (ACVA) Craig Anderson Withholds 22,217 Shares for Taxes

What Happened

  • Craig Anderson (listed as CCDSO) reported that 22,217 shares were disposed on July 1, 2026 via withholding to cover tax liabilities on vested time‑based restricted stock units (RSUs). The withholdings occurred in four lots (5,185; 3,645; 4,430; 8,957) at $7.29 per share, totaling $161,963. The filing was submitted on July 6, 2026.
  • This was a tax‑withholding transaction (code F) — a routine, non‑discretionary withholding by the issuer when RSUs vest — not an open‑market sale.

Key Details

  • Transaction date: July 1, 2026; Filing date: July 6, 2026 (Form 4 filed several days after the transaction; typical Form 4 deadline is 2 business days).
  • Price: $7.29 per share; Shares withheld: 22,217; Total value: $161,963.
  • Shares owned after transaction: Not specified in the provided filing.
  • Footnotes: F1 — shares were withheld by the issuer to cover tax liability upon vesting and do not represent a discretionary sale. F2 — includes 2,500 shares acquired under the company ESPP for the 12/1/2025–5/31/2026 purchase period.
  • Transaction code: F (tax withholding).

Context

  • Withholding shares to cover taxes on vested RSUs is common and usually does not indicate the insider is selling stock for cash; the company simply retains shares to satisfy payroll tax withholding.
  • For retail investors, purchases or open‑market sales by insiders often carry more signal than employer withholding. This filing documents routine compensation tax mechanics rather than an active vote of confidence or exit by the insider.