Credit Acceptance CFO sells 3,000 shares
Credit Acceptance Corp’s Chief Financial Officer D. Jay Martin reported a mix of option exercise and share sales in Common Stock.
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Form Type
4
Rhea-AI Filing Summary
Credit Acceptance Corp’s Chief Financial Officer D. Jay Martin reported a mix of option exercise and share sales in Common Stock. On June 24, 2026, he exercised 3,000 shares through employee stock options at an exercise price of $333.94 per share.
That same day, he executed open-market sales totaling 3,000 shares at weighted average prices ranging from about $600 to just over $603 per share, across several transaction blocks. After these transactions, he directly holds 25,963.1 shares of Common Stock and retains employee stock options covering 2,250 underlying shares at an exercise price of $390.39 per share, expiring on April 28, 2027.
Insider Trade Summary 10b5-1
Exercise and Sale: 3,000 shares ($801K approx. pre-tax spread)
Exercise and Sale
7 txns
Insider
Martin Jay D
Role
Chief Financial Officer
Sold
3,000 shs ($1.80M)
Approx. gross sale proceeds
$1.80M
Approx. exercise cost
$1.00M
Approx. pre-tax spread
$801K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 3,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,000 | $333.94 | $1.00M |
| Sale | Common Stock | 1,684 | $600.30 | $1.01M |
| Sale | Common Stock | 737 | $601.32 | $443K |
| Sale | Common Stock | 416 | $602.49 | $251K |
| Sale | Common Stock | 163 | $603.71 | $98K |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 6,750 contracts for 2,250 underlying shares (Direct);
Common Stock — 25,963.1 shares (Direct)
Footnotes (4)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $600.00 to $600.94, 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 $601.04 to $601.99, inclusive.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $602.16 to $602.98, inclusive.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $603.40 to $603.81, inclusive.
Key Figures
Shares sold: 3,000 shares
Sale prices: ≈$600–$603/share
Options exercised: 3,000 shares
+3 more
6 metrics
Shares sold
3,000 shares
Total Common Stock sold in open-market transactions on June 24, 2026
Sale prices
≈$600–$603/share
Weighted average price ranges for reported Common Stock sales
Options exercised
3,000 shares
Employee stock options for Common Stock exercised on June 24, 2026
Exercise price
$333.94/share
Exercise price for 3,000 options converted into Common Stock
Post-transaction holdings
28,963.1 shares
Common Stock directly owned by CFO after reported transactions
Remaining option grant
2,250 underlying shares at $390.39
Employee stock options expiring April 28, 2027
Key Terms
Employee Stock Option (right to buy), open-market sale, derivative exercise/conversion, weighted average price
4 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did CREDIT ACCEPTANCE CORP (CACC) report for its CFO?
CACC reported that CFO D. Jay Martin exercised options for 3,000 Common Stock shares and sold 3,000 shares in open-market transactions on June 24, 2026. The filing shows both acquisition via option exercise and subsequent sales on the same date.
What stock options did the CREDIT ACCEPTANCE CORP (CACC) CFO exercise in this Form 4?
The CFO exercised employee stock options for 3,000 underlying CACC Common Stock shares at an exercise price of $333.94 per share. These transactions are reported as derivative exercises, converting option holdings into directly owned Common Stock shares.
What stock options does the CREDIT ACCEPTANCE CORP (CACC) CFO still hold after the filing?
After the transactions, the CFO retains employee stock options linked to 2,250 underlying CACC Common Stock shares. These remaining options have an exercise price of $390.39 per share and an expiration date of April 28, 2027, according to the derivative position summary.
How are the sale prices presented in the CREDIT ACCEPTANCE CORP (CACC) Form 4 footnotes?
The Form 4 explains that reported sale prices are weighted averages. Individual trades occurred in ranges such as $600.00 to $600.94 and similar narrow bands. The CFO undertakes to provide detailed trade breakdowns upon request to investors or regulators.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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