CREDIT ACCEPTANCE (CACC) CFO sells 2,907 shares after exercising stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CREDIT ACCEPTANCE CORP Chief Financial Officer Jay D. Martin reported a combination of option exercises and share sales in company stock. On May 29 and June 1, 2026, he exercised employee stock options covering 2,907 shares of common stock at an exercise price of $333.94 per share and sold the same total number of shares in open-market transactions at weighted average prices generally between $575 and $578 per share. After these transactions, he directly holds 25,963.1 shares of common stock and retains employee stock options linked to 2,250 underlying shares exercisable at $390.39 per share. The pattern reflects an exercise-and-sell sequence where options are converted into shares and then sold, while a meaningful equity and option position remains.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 2,907 shares ($1,675,251)
Net Sell
10 txns
Insider
Martin Jay D
Role
Chief Financial Officer
Sold
2,907 shs ($1.68M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 51 | $0.00 | -- |
| Exercise | Common Stock | 51 | $333.94 | $17K |
| Sale | Common Stock | 51 | $575.25 | $29K |
| Exercise | Employee Stock Option (right to buy) | 2,856 | $0.00 | -- |
| Exercise | Common Stock | 2,856 | $333.94 | $954K |
| Sale | Common Stock | 1,280 | $575.27 | $736K |
| Sale | Common Stock | 688 | $576.48 | $397K |
| Sale | Common Stock | 793 | $577.55 | $458K |
| Sale | Common Stock | 95 | $578.44 | $55K |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 7,593 shares (Direct, null);
Common Stock — 26,014.1 shares (Direct, null)
Footnotes (1)
- 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $576.19 to $577.14, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $577.27 to $577.95, inclusive. 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.
Key Figures
Shares sold: 2,907 shares
Sale prices: $575–$578 per share
Options exercised: 2,907 shares
+3 more
6 metrics
Shares sold
2,907 shares
Total common shares sold in open-market transactions
Sale prices
$575–$578 per share
Weighted average price ranges for common share sales
Options exercised
2,907 shares
Underlying common shares from options exercised
Option exercise price
$333.94 per share
Exercise price for employee stock options converted
Shares held after
25,963.1 shares
Direct CACC common stock ownership after transactions
Remaining option position
2,250 shares at $390.39
Underlying shares and exercise price for unexercised options
Key Terms
open-market sale, Employee Stock Option (right to buy), weighted average price, derivative security, +1 more
5 terms
open-market sale financial
"transaction_action: "open-market sale" for several common stock transactions"
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: "Employee Stock Option (right to buy)" in derivative entries"
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.
derivative security financial
"transaction_code_description: "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.
FAQ
What insider transactions did CACC CFO Jay D. Martin report on this Form 4?
CACC CFO Jay D. Martin reported exercising employee stock options and selling common shares. He exercised options for 2,907 shares at $333.94 per share and sold 2,907 shares in open-market trades at weighted average prices around $575–$578 per share.
What stock options did the CACC CFO exercise in the reported transactions?
He exercised employee stock options covering 2,907 underlying CACC common shares. These options carried an exercise price of $333.94 per share and were structured as rights to buy common stock, converting derivative positions into directly held shares before the reported sales.
What derivative (option) position does the CACC CFO still have after these transactions?
After exercising some options, the CFO continues to hold employee stock options tied to 2,250 underlying CACC common shares. These remaining options have an exercise price of $390.39 per share and an expiration date in 2027, as shown in the derivative holdings section.