Atlanticus Holdings Corp SEC Filings

Atlanticus Holdings (ATLC) insider filing: the Chief Accounting Officer reported transactions on 11/10/2025. The executive exercised 1,000 employee stock options (Code M) at an exercise price of $15.30 per share, then had 591 shares withheld (Code F) at $50.75 to cover the option exercise price and tax obligations. Following these transactions, the executive directly owned 51,975 shares of common stock. The option position reported in the filing shows 0 derivative securities remaining after the exercise; the option had vested in three equal installments on November 11 of 2021, 2022, and 2023.

Atlanticus Holdings (ATLC): President & CEO and Director Jeffrey A. Howard reported an option exercise on 11/07/2025 (Form 4, code M). He acquired 1,000 shares of common stock at an exercise price of $15.30 per share. Following the transaction, his directly held common stock totaled 613,949 shares. The employee stock option covered 1,000 underlying shares and showed 0 derivative securities remaining afterward. The option vested in three equal installments on November 11, 2021, 2022, and 2023, with an expiration date of 11/11/2025.

Atlanticus Holdings (ATLC) reported Q3 2025 results and closed the Mercury Financial acquisition. Total operating revenue was $495.3 million, up from $351.0 million a year ago, driven by higher consumer loan and fee income. Net income attributable to common shareholders was $22.7 million, or $1.21 diluted EPS ($1.50 basic). For the nine months, net income to common was $79.0 million, or $4.21 diluted EPS.

Scale expanded sharply. Total assets reached $7.08 billion at September 30, 2025, versus $3.27 billion at December 31, 2024, as loans at fair value grew to $6.35 billion. The company issued additional senior notes, taking senior notes, net, to $702.4 million and notes payable, net, to $5.33 billion.

Mercury acquisition adds near‑prime card platform. On September 11, Atlanticus acquired Mercury for approximately $166.5 million in cash, adding about 1.3 million serviced accounts, $3.2 billion in receivables, and $2.8 billion in collateralized debt. From closing through quarter‑end, Mercury contributed $49.9 million of revenue and a $7.0 million net loss. Shares outstanding were 15,141,530 as of October 31, 2025.

Atlanticus Holdings Corp. (ATLC) insider David G. Hanna reported Form 4 activity. On 10/23/2025, he exercised an employee stock option for 1,000 shares of common stock at an exercise price of $15.3 per share, increasing his directly held common stock to 284,392 shares following the transaction.

The filing also lists additional beneficial ownership held indirectly: 3,573,072 shares by an LLC and 325,000 shares by a trust, as disclosed. The report further notes a prior entry dated 04/08/2025 reflecting 19,960 shares acquired at a stated price of $0 under transaction code “W.”

Atlanticus Holdings Corporation completed a definitive acquisition of Mercury Financial LLC through its subsidiary Mercury Finance Acquisitions, LLC, adding approximately 1.3 million credit card accounts and about $3.2 billion in credit card receivables. The initial purchase price was approximately $162 million, funded with the Companys cash on hand and subject to customary post-closing adjustments based on adjusted net asset value.

The Purchase Agreement provides the Seller an opportunity to receive earn-out payments over up to three years equal to 75% of the amount by which managed receivables charge-offs are below agreed-upon levels. The Purchaser obtained buy-side representations and warranties insurance to cover material breaches subject to policy limits, exclusions and deductibles. The agreement also includes customary indemnities and post-closing restrictive covenants limiting solicitation of certain employees.

Atlanticus Holdings Corporation completed a private offering of $400,000,000 aggregate principal amount of 9.750% Senior Notes due 2030. The company intends to use net proceeds to repay balances under its recourse warehouse facilities, for general corporate purposes including funding future portfolio and business acquisitions and to fund partial or full repayment of its 6.125% Senior Notes due 2026, and to pay offering fees and expenses. The Notes bear interest at 9.750% payable semi-annually on March 1 and September 1 beginning March 1, 2026, are senior unsecured and are unconditionally guaranteed by certain domestic subsidiaries. The Indenture includes customary redemption provisions, a make-whole premium for redemptions prior to September 1, 2027, an equity-tender redemption feature (up to 40% at 109.750% prior to September 1, 2027), a 101% repurchase on a Change of Control, customary covenants limiting certain indebtedness, dividends, liens and other actions, and customary events of default.

Insider sale reported by Deal W. Hudson, a director of Atlanticus Holdings Corp (ATLC). On 08/13/2025 Mr. Hudson sold 2,000 shares of ATLC common stock in multiple trades at prices ranging from $62.14 to $62.64, with a weighted average sale price of $62.39. After the transactions he beneficially owns 61,092 shares, held directly. The Form 4 provides an undertaking to supply trade-by-trade quantities on request. This disclosure is a routine Section 16 filing showing a small block sale by an insider while retaining a materially larger stake.

Atlanticus Holdings Corporation (ATLC) filed a Form 144 reporting a proposed sale of 2,000 common shares through Merrill Lynch (Atlanta). The filing lists an aggregate market value of $124,789.30 for the shares and shows 15,125,449 common shares outstanding, indicating the proposed sale represents a very small fraction of total equity.

The shares were acquired on 12/16/2018 upon vesting of a stock award from Atlanticus Holdings Corporation and are described as a compensatory payment. The filing gives an approximate sale date of 08/13/2025. No other securities sales in the past three months were reported and no additional material terms or conditions are disclosed in the notice.

Atlanticus Holdings (ATLC) posted strong top- and bottom-line growth for Q2-25. Operating revenue climbed 25% YoY to $393.8 million, driven by higher consumer loan and fee income. Net income attributable to common shareholders rose 58% to $28.4 million, lifting diluted EPS to $1.51 versus $0.99. For the first six months, revenue increased 22% to $739.3 million and diluted EPS reached $3.00, up 44% YoY.

Portfolio expansion continues. Loans carried at fair value advanced 14% year-to-date to $3.00 billion, while total assets grew to $3.64 billion. Shareholders’ equity improved 14% to $563.3 million, but leverage also rose: notes payable expanded 12% to $2.47 billion and senior notes outstanding reached $308.3 million after new issuances.

Cash flow and cost trends. Operating cash inflow was $264.3 million; heavy loan originations pushed investing outflows to $520.4 million, partially funded by $894.7 million of new borrowings. Interest expense jumped 42% YoY to $53.7 million and marketing costs nearly doubled, reflecting higher funding and acquisition costs. The effective tax rate increased to 24.4% from 15.6%. Charge-offs and fair value write-downs totaled $216.8 million, consistent with the company’s sub-prime focus. Management notes product repricing following the April 2025 court decision vacating the CFPB late-fee rule.