Credit Acceptance CFO sells shares after option exercise
Credit Acceptance Corp Chief Financial Officer Martin Jay D reported an exercise-and-sell transaction in company stock.
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Form Type
4
Rhea-AI Filing Summary
Credit Acceptance Corp Chief Financial Officer Martin Jay D reported an exercise-and-sell transaction in company stock. He exercised employee stock options to acquire 44 shares of common stock at about $333.94 per share, then sold 44 shares in open-market trades at weighted-average prices of $575.78 and $578.15 per share. After these transactions, he directly holds about 25,963.1 common shares, and retains employee stock options tied to 2,250 underlying shares at an exercise price of $390.39 per share expiring on April 28, 2027. The filing describes the sale prices as weighted averages across multiple trades.
Insider Trade Summary 10b5-1
Exercise and Sale: 44 shares ($11K approx. pre-tax spread)
Exercise and Sale
7 txns
Insider
Martin Jay D
Role
Chief Financial Officer
Sold
44 shs ($25K)
Approx. gross sale proceeds
$25K
Approx. exercise cost
$15K
Approx. pre-tax spread
$11K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 26 | $0.00 | $0.00 |
| Exercise | Common Stock | 26 | $333.94 | $9K |
| Sale | Common Stock | 26 | $575.78 | $15K |
| Exercise | Employee Stock Option (right to buy) | 18 | $0.00 | $0.00 |
| Exercise | Common Stock | 18 | $333.94 | $6K |
| Sale | Common Stock | 18 | $578.15 | $10K |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 9,799 contracts for 2,250 underlying shares (Direct);
Common Stock — 25,963.1 shares (Direct)
Footnotes (1)
- 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 $575.85, 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.
Key Figures
Shares sold: 44 shares
Sale prices: $575.78 and $578.15 per share
Option exercise price: $333.94 per share
+3 more
6 metrics
Shares sold
44 shares
Open-market sales of common stock over June 8–9, 2026
Sale prices
$575.78 and $578.15 per share
Weighted-average prices for 26 and 18 shares sold
Option exercise price
$333.94 per share
Price for 44 shares acquired via option exercise
Shares held after transaction
25,963.1 shares
Direct common stock holdings after reported trades
Remaining option exercise price
$390.39 per share
Exercise price on options expiring April 28, 2027
Underlying shares on remaining options
2,250 shares
Common shares underlying outstanding employee stock options
Key Terms
open-market sale, Employee Stock Option (right to buy), derivative security, weighted average price, +1 more
5 terms
open-market sale financial
"classified as an open-market sale of common stock"
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.
Employee Stock Option (right to buy) financial
"security_title is Employee Stock Option (right to buy)"
derivative security financial
"described as exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
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.
exercise price financial
"exercisePrice of 390.3900 with expiration April 28, 2027"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did CREDIT ACCEPTANCE CORP (CACC) report for Martin Jay D?
CREDIT ACCEPTANCE CORP reported that CFO Martin Jay D exercised employee stock options for 44 common shares at about $333.94 each, then sold 44 shares in open-market trades around $575.78 and $578.15 per share over two days.
What stock options does the CREDIT ACCEPTANCE CORP (CACC) CFO still hold?
The filing shows remaining employee stock options linked to 2,250 underlying CREDIT ACCEPTANCE CORP common shares. These options have an exercise price of $390.39 per share and an expiration date of April 28, 2027, indicating a continuing derivative stake.
Were the CACC CFO’s reported stock sales open-market transactions?
Yes. The filing classifies the 44 sold shares as open-market sales of common stock. A footnote explains that reported prices are weighted averages for multiple trades within price ranges around $575.00 to $575.85 for one of the sale dates.
How does the Form 4 describe the nature of the CFO’s option exercises in CACC?
The Form 4 describes the non-derivative acquisitions as resulting from the exercise or conversion of derivative securities, specifically employee stock options. Codes and descriptions classify them as derivative exercises rather than open-market purchases of CREDIT ACCEPTANCE CORP shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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