Credit Acceptance officer sells 3,379 shares
Credit Acceptance Corp Chief Transformation Officer Nicholas J. Elliott reported option exercises and share sales.
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Form Type
4
Rhea-AI Filing Summary
Credit Acceptance Corp Chief Transformation Officer Nicholas J. Elliott reported option exercises and share sales. On May 29 and June 1, 2026, he exercised employee stock options to acquire a total of 3,379 shares of common stock at an exercise price of $333.94 per share, then sold the same number of shares in open-market transactions.
The reported sales were executed at weighted average prices, with individual trades occurring in ranges between $575.00 and $579.06 per share. After these transactions, Elliott directly holds 20,897.3 common shares and indirectly holds 324 shares through the company’s 401(k) profit sharing plan.
Insider Trade Summary 10b5-1
Exercise and Sale: 3,379 shares ($820K approx. pre-tax spread)
Exercise and Sale
10 txns
Insider
Elliott Nicholas J
Role
Chief Transformation Officer
Sold
3,379 shs ($1.95M)
Approx. gross sale proceeds
$1.95M
Approx. exercise cost
$1.13M
Approx. pre-tax spread
$820K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 59 | $0.00 | $0.00 |
| Exercise | Common Stock | 59 | $333.94 | $20K |
| Sale | Common Stock | 59 | $575.25 | $34K |
| Exercise | Employee Stock Option (right to buy) | 3,320 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,320 | $333.94 | $1.11M |
| Sale | Common Stock | 1,508 | $575.40 | $868K |
| Sale | Common Stock | 847 | $576.73 | $488K |
| Sale | Common Stock | 645 | $577.66 | $373K |
| Sale | Common Stock | 320 | $578.65 | $185K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 7,084 contracts (Direct);
Common Stock — 20,897.3 shares (Direct);
Common Stock — 324 shares (Indirect, By 401(k) Trust)
Footnotes (6)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $575.00 to $575.86, inclusive. The reporting person undertakes to provide to Credit Acceptance Corporation, any security holder of Credit Acceptance Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnotes to this Form 4.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $576.23 to $577.13, inclusive.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $577.28 to $578.22, inclusive.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $578.37 to $579.06, inclusive.
- F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $575.00 to $575.68, inclusive.
- F6. Held in the Credit Acceptance Stock Fund of the Credit Acceptance Corporation 401(k) Profit Sharing Plan and Trust as of June 1, 2026, according to the Plan trustee.
Key Figures
Shares sold: 3,379 shares
Option exercise price: $333.94 per share
Sale price ranges: $575.00–$579.06 per share
+4 more
7 metrics
Shares sold
3,379 shares
Total common shares sold in open-market transactions on May 29 and June 1, 2026
Option exercise price
$333.94 per share
Exercise price for employee stock options converted into 3,379 common shares
Sale price ranges
$575.00–$579.06 per share
Weighted-average sale prices across multiple trades noted in footnotes
Direct holdings after trades
20,897.3 shares
Directly held CREDIT ACCEPTANCE CORP common shares following reported transactions
Indirect 401(k) holdings
324 shares
Shares held in Credit Acceptance Stock Fund of the 401(k) Plan as of June 1, 2026
Options exercised (May 29)
3,320 options
Employee stock options exercised into common stock on May 29, 2026
Options exercised (June 1)
59 options
Employee stock options exercised into common stock on June 1, 2026
Key Terms
weighted average price, Employee Stock Option (right to buy), open-market sale, derivative exercise/conversion, +1 more
5 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Employee Stock Option (right to buy) financial
"security_title: Employee Stock Option (right to buy)"
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
derivative exercise/conversion financial
"transaction_action: derivative exercise/conversion"
401(k) Profit Sharing Plan and Trust financial
"Credit Acceptance Corporation 401(k) Profit Sharing Plan and Trust"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CREDIT ACCEPTANCE CORP (CACC) report for Nicholas J. Elliott?
CREDIT ACCEPTANCE CORP reported that Chief Transformation Officer Nicholas J. Elliott exercised options for 3,379 common shares and sold 3,379 shares in open-market transactions on May 29 and June 1, 2026.
At what price did Nicholas J. Elliott exercise his CACC stock options?
Nicholas J. Elliott exercised employee stock options for 3,379 underlying CREDIT ACCEPTANCE CORP common shares at an exercise price of $333.94 per share, converting derivative awards into directly held stock before subsequently selling those shares.
Does Nicholas J. Elliott still hold stock options in CREDIT ACCEPTANCE CORP after exercising?
The filing shows employee stock option entries where some options were exercised into common shares, and option balances remained outstanding afterward, indicating that Nicholas J. Elliott continues to hold unexercised employee stock options.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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