Credit Acceptance officer sells 1,672 shares
Credit Acceptance Corp Chief Transformation Officer Nicholas J. Elliott reported exercising employee stock options for 1,672 shares of common stock at an exercise price of $333.94 per share and selling 1,672 shares in open‑market transactions.
Rhea-AI Filing Summary
Credit Acceptance Corp Chief Transformation Officer Nicholas J. Elliott reported exercising employee stock options for 1,672 shares of common stock at an exercise price of $333.94 per share and selling 1,672 shares in open‑market transactions.
The sales on May 6, 2026 were executed in multiple trades at prices ranging from $550.00 to $557.09 per share, as disclosed in weighted‑average footnotes. Following the transactions, Elliott directly holds 20,897.3 shares of common stock and indirectly holds 322 shares through the company’s 401(k) stock fund as of May 7, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 1,672 shares ($364K approx. pre-tax spread)
Exercise and Sale
10 txns
Insider
Elliott Nicholas J
Role
Chief Transformation Officer
Sold
1,672 shs ($922K)
Approx. gross sale proceeds
$922K
Approx. exercise cost
$558K
Approx. pre-tax spread
$364K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 1,672 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,672 | $333.94 | $558K |
| Sale | Common Stock | 1,045 | $550.24 | $575K |
| Sale | Common Stock | 80 | $551.37 | $44K |
| Sale | Common Stock | 65 | $553.05 | $36K |
| Sale | Common Stock | 397 | $553.90 | $220K |
| Sale | Common Stock | 21 | $555.00 | $12K |
| Sale | Common Stock | 51 | $557.09 | $28K |
| Sale | Common Stock | 13 | $559.37 | $7K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 12,278 contracts (Direct);
Common Stock — 20,897.3 shares (Direct);
Common Stock — 322 shares (Indirect, By 401(k) Trust)
Footnotes (7)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $550.00 to $550.89, 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 $551.30 to $551.48, inclusive.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $552.53 to $553.37, inclusive.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $553.53 to $554.43, inclusive.
- F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $555.00 to $555.01, inclusive.
- F6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $557.08 to $557.09, inclusive.
- F7. Held in the Credit Acceptance Stock Fund of the Credit Acceptance Corporation 401(k) Profit Sharing Plan and Trust as of May 7, 2026, according to the Plan trustee.
Key Figures
Shares sold: 1,672 shares
Sale price range: $550.00–$557.09 per share
Option exercise price: $333.94 per share
+3 more
6 metrics
Shares sold
1,672 shares
Open-market sales on May 6, 2026
Sale price range
$550.00–$557.09 per share
Weighted-average price ranges for May 6, 2026 sales
Option exercise price
$333.94 per share
Employee stock option exercise for 1,672 shares
Direct holdings after transactions
20,897.3 shares
Common stock directly owned after May 6, 2026 trades
Indirect 401(k) holdings
322 shares
Credit Acceptance Stock Fund as of May 7, 2026
Options exercised
1,672 options
Employee Stock Option (right to buy) converted to common stock
Key Terms
Employee Stock Option (right to buy), open-market sale, weighted average price, 401(k) Profit Sharing Plan and Trust, +1 more
5 terms
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.
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.
401(k) Profit Sharing Plan and Trust financial
"Credit Acceptance Corporation 401(k) Profit Sharing Plan and Trust as of May 7, 2026"
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 executive Nicholas Elliott report on this Form 4?
Nicholas Elliott reported exercising employee stock options for 1,672 shares of Credit Acceptance common stock and selling 1,672 shares in open‑market transactions. The trades occurred on May 6, 2026 at prices disclosed as weighted averages across several price ranges.
Did Nicholas Elliott exercise stock options in this CACC Form 4 filing?
Yes. The filing shows Elliott exercised 1,672 employee stock options, each with a $333.94 exercise price, converting them into common shares. A corresponding derivative entry shows the same number of options exercised, reducing his remaining option balance while increasing his common‑stock holdings.
What does the weighted average price disclosure mean in the CACC Form 4 footnotes?
The footnotes explain that reported sale prices are weighted averages across multiple individual trades. Actual shares were sold in numerous transactions within specified price ranges, and Elliott agrees to provide detailed trade‑by‑trade pricing information to Credit Acceptance, shareholders, or SEC staff upon request.
AI-generated analysis. How Rhea-AI works. Not financial advice.
