---
schema_version: "secwatch.filing_event.v1"
accession: "0001637873-26-000023"
form_type: "8-K"
ticker: "ACVA"
cik: "0001637873"
company_name: "ACV Auctions Inc."
filed_at: "2026-05-13T13:03:55+00:00"
generated_at: "2026-05-13T13:06:06.555451+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# ACV Auctions enters $50M accelerated share repurchase with Citibank; initial ~70% delivery

## Summary
- On May 12, 2026, ACV Auctions entered an ASR agreement with Citibank for $50M share repurchase.
- Company will pay $50M on May 13, 2026; expects initial delivery of approximately 70% of underlying shares.
- Final repurchased shares based on VWAP over the term less a discount, subject to adjustments.
- Completion expected no later than Q4 2026 under previously announced buyback program.
- Agreement includes standard representations, early termination conditions, and calculation agent provisions.

## SEC filing metadata
- accession: 0001637873-26-000023
- form_type: 8-K
- ticker: ACVA
- cik: 0001637873
- company_name: ACV Auctions Inc.
- filed_at: 2026-05-13T13:03:55+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1637873/000163787326000023/0001637873-26-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1637873/000163787326000023/acva-20260512.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001637873-26-000023
- JSON: https://secwatch.observer/filing/0001637873-26-000023.json
- Plain text: https://secwatch.observer/filing/0001637873-26-000023.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.