ACV Auctions Inc.
For the period ended Jun 30, 2025. Filed Aug 11, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 11, 2025
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Item 5. Other Information
Our Section 16 officers (as defined in Rule 16a-1 under the Exchange Act) may from time to time enter into plans for the purchase or sale of ACV stock that are intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act.
During the quarter ended June 30, 2025, the following Section 16 officers adopted, modified, or terminated “Rule 10b5-1 trading arrangements” (as defined in Item 408 under Regulation S-K of the Exchange Act):
On April 7, 2025, William Zerella, ACV's Chief Financial Officer, terminated a trading plan. The Plan was originally entered into on September 9, 2024 and contemplated the sale of up to 140,000 shares between January 7, 2025 and June 12, 2025, subject to certain volume limitations and excluding specified “No Sale” periods. Prior to its termination, the Plan was scheduled to terminate on June 12, 2025. 45,000 shares were sold under the Plan prior to its termination.
On June 11, 2025, Andrew Peer, ACV's Chief Accounting Officer, adopted a trading plan. Mr. Peer's trading plan provides for the sale of up to 24,500 shares plus a number of shares to be determined based on net vesting of RSUs. The first trade will not occur until September 15, 2025 at the earliest. Mr. Peer's trading plan is scheduled to terminate on June 30, 2026.
On June 12, 2025, Vikas Mehta, ACV's Chief Operating Officer, modified his trading plan that was put into place on December 11, 2024. Mr. Mehta's modified trading plan provides for the sale of up to 132,000 shares. The first trade will not occur until September 11, 2025 at the earliest. Mr. Mehta's modified trading plan is scheduled to terminate on March 31, 2026.
On June 13, 2025, George Chamoun, ACV's Chief Executive Officer, adopted a trading plan. Mr. Chamoun's trading plan provides for the sale of up to 600,000 shares. The first trade will not occur until September 16, 2025 at the earliest. Mr. Chamoun's trading plan is scheduled to terminate on March 13, 2026.
The Rule 10b5-1 trading arrangements described above were terminated, adopted, and pre-cleared in accordance with ACV’s Insider Trading Policy and actual sale transactions made pursuant to such trading arrangements will be disclosed publicly in future Section 16 filings with the SEC. Other than disclosed above, no other officer adopted, modified orterminated a Rule 10b5-1 trading arrangement or “non-Rule 10b5-1 trading arrangement” (as defined in Item 408 of Regulation S-K) during the three months ended June 30, 2025.
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