CREDIT ACCEPTANCE (CACC) officer sells 4,062 shares after option exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CREDIT ACCEPTANCE CORP Chief People Officer Wendy A. Rummler exercised stock options and sold shares of common stock. She exercised 4,062 shares via options at an exercise price of $333.94 per share, then sold 4,062 shares in open-market transactions at prices between about $525 and $528 per share. After these transactions, she directly holds 19,547.1 shares of common stock and retains stock options covering 1,250 shares at $390.39 and 10,000 shares at $468.67 per share. Additional indirect holdings are reported through revocable trusts associated with her and her spouse.
Positive
- None.
Negative
- None.
Insights
Rummler exercised options for 4,062 shares and sold the same amount, a routine liquidity move.
The filing shows Chief People Officer Wendy A. Rummler exercised options to acquire 4,062 shares of CREDIT ACCEPTANCE CORP common stock at an exercise price of $333.94 per share. She then sold 4,062 shares in three open-market transactions at prices around $525–$528.
Following these trades, Rummler directly holds 19,547.1 shares of common stock and still has options over 1,250 shares at $390.39 and 10,000 shares at $468.67, both expiring between 2027 and 2028. Indirect positions are also reported through revocable trusts. The pattern reflects an exercise-and-sell sequence rather than a full exit, with a continuing equity stake and remaining option upside.
Insider Trade Summary 10b5-1
Net Seller: 4,062 shares ($2,135,286)
Net Sell
9 txns
Insider
Rummler Wendy A
Role
Chief People Officer
Sold
4,062 shs ($2.14M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 4,062 | $0.00 | -- |
| Exercise | Common Stock | 4,062 | $333.94 | $1.36M |
| Sale | Common Stock | 2,742 | $525.26 | $1.44M |
| Sale | Common Stock | 1,205 | $526.42 | $634K |
| Sale | Common Stock | 115 | $527.71 | $61K |
| 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) — 4,062 shares (Direct, null);
Common Stock — 23,609.1 shares (Direct, null);
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 $525.00 to $525.64, 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 $526.13 to $527.09, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $527.63 to $527.72, 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: 4,062 shares
Sale prices: $525.26, $526.42, $527.71/share
Option exercise price: $333.94/share
+5 more
8 metrics
Shares sold
4,062 shares
Total common shares sold in open-market transactions on April 17, 2026
Sale prices
$525.26, $526.42, $527.71/share
Weighted average prices for three sale blocks of common stock
Option exercise price
$333.94/share
Exercise price for 4,062 options converted into common stock
Direct shares after transactions
19,547.1 shares
Direct common stock holdings following reported trades
Remaining option grant 1
1,250 shares at $390.39
Employee stock options, expiring April 28, 2027
Remaining option grant 2
10,000 shares at $468.67
Employee stock options, expiring October 6, 2028
Indirect trust holdings 1
2,365.5 shares
Common stock held by Kevin Rummler Revocable Trust
Indirect trust holdings 2
2,704 shares
Common stock held by Wendy A. Rummler Revocable Trust
Key Terms
open-market sale, Employee Stock Option (right to buy, derivative security, weighted average price, +1 more
5 terms
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.
Employee Stock Option (right to buy financial
"security_title": "Employee Stock Option (right to buy)""
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.
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.
revocable trust financial
"shares are owned of record by 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.
