Peer Andrew 4

What Happened

• Andrew Peer, VP, Corporate Controller & CAO of ACV Auctions (ACVA), was granted 28,736 restricted stock units (RSUs) on 2026-04-01 (reported on Form 4 filed 2026-04-03). The grant is reported at $0 (typical for RSUs).
• On the same date the issuer withheld 3,409 shares to satisfy tax withholding obligations associated with previously vested time‑based RSUs. Those withheld shares were reported as dispositions at $4.27 per share, totaling $14,557.

Key Details

• Transaction date: 2026-04-01; Form 4 filed: 2026-04-03 (timely filing).
• Grant: 28,736 RSUs (code A); reported acquisition price $0.
• Tax withholding (code F): 696, 743, 1,057 and 913 shares withheld at $4.27 each (total 3,409 shares; $14,557).
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes:
  • F1: The 28,736 RSUs will vest in twelve substantially equal quarterly installments beginning July 1, 2026, subject to continued service.
  • F2: The withheld shares represent issuer tax withholding on vesting and do not represent a discretionary open‑market sale by the reporting person.

Context

• RSU grants are a form of equity compensation that vest over time; the grant itself is not a cash purchase and carries vesting/service conditions.
• The withheld shares were used to cover tax liabilities (a routine administrative action), so this withholding should not be read as an opportunistic sale by the insider.