Credit Acceptance CFO sells shares, exercises options
Credit Acceptance Chief Financial Officer D. Jay Martin reported a mix of stock option activity and open-market sales.
Rhea-AI Filing Summary
Credit Acceptance Chief Financial Officer D. Jay Martin reported a mix of stock option activity and open-market sales. On May 6, 2026, he exercised 1,439 shares of common stock at an exercise price of $333.94 per share from employee stock options. That same day, he sold 1,439 common shares in multiple open-market transactions at prices generally in the $550–$559 range, as reflected in weighted-average prices and detailed ranges in the footnotes. After these transactions, he directly owned 25,963.1 common shares and continued to hold employee stock options covering 2,250 underlying shares with a $390.39 exercise price expiring on April 28, 2027.
Positive
- None.
Negative
- None.
Insights
CACC CFO exercised options and sold an equivalent number of shares.
Credit Acceptance CFO D. Jay Martin exercised 1,439 options at $333.94 per share and sold 1,439 common shares on May 6, 2026 in several open-market trades around $550–$559.
The filing shows post-transaction direct ownership of 27,402.1 common shares, indicating the trades involved a limited portion of his visible holdings. He also retains options over 2,250 shares at a $390.39 exercise price expiring on April 28, 2027, maintaining additional equity exposure.
Insider Trade Summary 10b5-1
Exercise and Sale: 1,439 shares ($313K approx. pre-tax spread)
Exercise and Sale
10 txns
Insider
Martin Jay D
Role
Chief Financial Officer
Sold
1,439 shs ($793K)
Approx. gross sale proceeds
$793K
Approx. exercise cost
$481K
Approx. pre-tax spread
$313K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 1,439 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,439 | $333.94 | $481K |
| Sale | Common Stock | 1,047 | $550.30 | $576K |
| Sale | Common Stock | 84 | $551.35 | $46K |
| Sale | Common Stock | 88 | $553.16 | $49K |
| Sale | Common Stock | 146 | $553.93 | $81K |
| Sale | Common Stock | 18 | $555.00 | $10K |
| Sale | Common Stock | 44 | $557.09 | $25K |
| Sale | Common Stock | 12 | $559.37 | $7K |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 14,311 contracts for 2,250 underlying shares (Direct);
Common Stock — 25,963.1 shares (Direct)
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 $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 $551.20 to $551.60, 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 $554.01, 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.
Key Figures
Shares sold: 1,439 shares
Sale prices: $550.30–$559.37 per share
Options exercised: 1,439 shares
+3 more
6 metrics
Shares sold
1,439 shares
Open-market sales of common stock on May 6, 2026
Sale prices
$550.30–$559.37 per share
Weighted-average prices across multiple sale trades
Options exercised
1,439 shares
Stock option exercise of common stock on May 6, 2026
Option exercise price
$333.94 per share
Exercise or conversion price for 1,439 options
Shares held after
27,402.1 shares
Direct common stock ownership following transactions
Remaining option grant
2,250 underlying shares
Employee stock options at $390.39, expiring April 28, 2027
Key Terms
Employee Stock Option (right to buy), open-market sale, derivative exercise/conversion, weighted average price, +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.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion""
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 did CACC CFO D. Jay Martin report in this Form 4?
He reported exercising 1,439 stock options and selling 1,439 common shares of Credit Acceptance on May 6, 2026. The trades were open-market sales at weighted-average prices generally between $550 and $559 per share, according to the filing data and footnotes.
What stock options does the CACC CFO still hold after this Form 4?
He continues to hold employee stock options over 2,250 underlying shares of Credit Acceptance common stock. These options carry an exercise price of $390.39 per share and have an expiration date of April 28, 2027, as shown in the derivative holdings summary.
AI-generated analysis. How Rhea-AI works. Not financial advice.
