Peer Andrew 4

What Happened
Andrew Peer, VP, Corporate Controller & CAO of ACV Auctions (ACVA), had a total of 4,311 shares withheld on July 1, 2026 to cover tax liabilities related to the vesting of time-based restricted stock units (RSUs). The withholdings occurred in five lots (673; 630; 828; 1,223; 957 shares) at $7.29 per share, totaling roughly $31,428. These were issuer share-withholdings to satisfy taxes and are not discretionary open-market sales.

Key Details

• Transaction date: July 1, 2026. Price: $7.29 per share. Total shares withheld: 4,311; total value ≈ $31,428.
• Footnote F1: Shares were withheld by the issuer to cover tax liability on vested RSUs — not a discretionary sale by the reporting person.
• Footnote F2: The filing notes inclusion of 763 shares acquired under the Company’s 2021 ESPP for the 12/1/2025–5/31/2026 purchase period.
• Shares owned after transaction: not disclosed in the filing.
• Filing timeliness: Report filed July 6, 2026 (five days after the transaction), which is later than the typical 2-business-day Form 4 deadline.

Context
Share withholding to cover taxes on vested RSUs is a routine, non-discretionary administrative action and does not necessarily indicate an insider’s view on the company’s stock. For retail investors, purchase transactions tend to carry more informational weight than routine withholdings.