Credit Acceptance (NASDAQ: CACC) exec sells 1,994 shares after option exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CREDIT ACCEPTANCE CORP’s Chief People Officer, Wendy A. Rummler, reported an option exercise and related share sales. On May 18, 2026, she exercised employee stock options to acquire 1,994 shares of common stock at an exercise price of $333.94 per share and sold 1,994 shares in open-market transactions at weighted average prices between roughly $550 and $555 per share. She also continues to hold employee stock options covering 10,000 underlying shares at an exercise price of $468.67 expiring on October 6, 2028 and options on 1,250 underlying shares at an exercise price of $390.39 expiring on April 28, 2027. Some additional common shares are held indirectly in revocable trusts for Wendy and her spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,994 shares ($1,100,783)
Net Sell
11 txns
Insider
Rummler Wendy A
Role
Chief People Officer
Sold
1,994 shs ($1.10M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 1,994 | $0.00 | -- |
| Exercise | Common Stock | 1,994 | $333.94 | $666K |
| Sale | Common Stock | 751 | $550.28 | $413K |
| Sale | Common Stock | 231 | $551.29 | $127K |
| Sale | Common Stock | 518 | $552.85 | $286K |
| Sale | Common Stock | 440 | $554.16 | $244K |
| Sale | Common Stock | 54 | $554.96 | $30K |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 0 shares (Direct);
Common Stock — 21,541.1 shares (Direct);
Common Stock — 2,704 shares (Indirect, By trust.)
Footnotes (1)
- 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 $550.95, 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 $551.12 to $551.48, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $552.47 to $553.44, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $553.84 to $554.81, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $554.92 to $555.27, inclusive. These shares are owned of record by Kevin Rummler, spouse of Wendy A. Rummler, as trustee of the Kevin Rummler Revocable Trust. These shares are owned of record by Wendy A. Rummler, as trustee of the Wendy A. Rummler Revocable Trust. The option, initially representing the right to purchase 10,000 shares, is exercisable in four equal annual installments beginning on October 6, 2023, which was the first anniversary of the date on which the option was granted.
Key Figures
Shares sold: 1,994 shares
Option exercise shares: 1,994 shares
Option exercise price: $333.94/share
+5 more
8 metrics
Shares sold
1,994 shares
Open-market common stock sales on May 18, 2026
Option exercise shares
1,994 shares
Common stock acquired via option exercise on May 18, 2026
Option exercise price
$333.94/share
Employee stock option converted into common stock
Sale prices (examples)
$550.28–$554.96/share
Weighted average prices across multiple sale trades
Outstanding option 1
10,000 underlying shares at $468.67
Employee stock option expiring October 6, 2028
Outstanding option 2
1,250 underlying shares at $390.39
Employee stock option expiring April 28, 2027
Indirect trust holding 1
2,365.5 shares
Common stock held by Kevin Rummler Revocable Trust
Indirect trust holding 2
2,704 shares
Common stock held by Wendy A. Rummler Revocable Trust
Key Terms
Employee Stock Option (right to buy), weighted average price, open-market sale, Revocable Trust, +1 more
5 terms
Employee Stock Option (right to buy) financial
"security_title: "Employee Stock Option (right to buy)""
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.
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.
Revocable Trust financial
"as trustee of the Kevin Rummler Revocable Trust."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
derivative security financial
"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 Wendy Rummler report on May 18, 2026?
Wendy Rummler reported exercising employee stock options for 1,994 shares of Credit Acceptance common stock at $333.94 per share and selling 1,994 shares in open-market transactions at weighted average prices in the $550–$555 range.
Did the CACC insider filing show option exercises or just stock sales?
The filing shows both. Rummler exercised employee stock options to acquire 1,994 shares at an exercise price of $333.94 per share, then reported open-market sales of 1,994 shares of common stock on the same date, indicating an exercise-and-sell pattern.
What CACC stock options does Wendy Rummler still hold after these transactions?
According to the derivative holdings, she holds employee stock options on 10,000 underlying shares at an exercise price of $468.67 expiring on October 6, 2028, and options on 1,250 underlying shares at $390.39 expiring on April 28, 2027.
What role does Wendy A. Rummler hold at Credit Acceptance Corp (CACC)?
Wendy A. Rummler is identified in the filing as an officer of Credit Acceptance Corp, serving as Chief People Officer. The Form 4 details her direct and indirect holdings in company stock, plus her outstanding employee stock options.