Insider at Credit Acceptance Corp (CACC) sells 1,436 trust-held shares

Rhea-AI Filing Summary

Credit Acceptance Corp ten percent owner Jill Foss Watson reported indirect sales of a total of 1,436 shares of common stock on July 16, 2026. The shares, owned of record by Todd Watson as trustee of the Jill Foss Watson Irrevocable Trust, were sold in three transactions at weighted average prices between $640.00 and $642.08 per share. The Form 4 indicates these trades were not made under a Rule 10b5-1 trading plan.

Insider Trade Summary

Net Seller: 1,436 shares

Net Sell 3 txns

Insider Watson Jill Foss

Role 10% Owner

Sold 1,436 shs ($920K)

Type	Security	Shares	Price	Value
Sale	Common Stock F1, F2	977	$640.1488	$625K
Sale	Common Stock F3, F2	457	$641.31	$293K
Sale	Common Stock F2	2	$642.08	$1K

Holdings After Transaction: Common Stock — 47,910 shares (Indirect, See footnote 2)

Footnotes (3)

1. F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $640.00 to $640.43, 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 preceding sentence.
2. F2. These shares are owned of record by Todd Watson, spouse of Jill Foss Watson, as trustee of the Jill Foss Watson Irrevocable Trust.
3. F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $641.02 to $641.77, 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 preceding sentence.

Key Figures

Total shares sold: 1,436 shares First weighted average sale: 977 shares at $640.1488 per share Second weighted average sale: 457 shares at $641.3100 per share +3 more

6 metrics

Total shares sold 1,436 shares Aggregate common shares sold on 2026-07-16

First weighted average sale 977 shares at $640.1488 per share Common stock sale on 2026-07-16, subject to price range footnote

Second weighted average sale 457 shares at $641.3100 per share Common stock sale on 2026-07-16, subject to price range footnote

Third sale price 2 shares at $642.0800 per share Small additional common stock sale on 2026-07-16

Price range first sale $640.00 to $640.43 per share Range of prices for the 977-share sale, per footnote F1

Price range second sale $641.02 to $641.77 per share Range of prices for the 457-share sale, per footnote F3

Key Terms

weighted average price, Irrevocable Trust, trustee

3 terms

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.

Irrevocable Trust technical

"as trustee of the Jill Foss Watson Irrevocable Trust."

An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.

trustee technical

"owned of record by Todd Watson, spouse of Jill Foss Watson, as trustee"

A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/20/2026 - 05:03 PM Accepted by SEC EDGAR 07/20/2026 - 05:02 PM Learn about SEC filing dates

FAQ

What insider transaction did Jill Foss Watson report for Credit Acceptance (CACC)?

Jill Foss Watson reported selling 1,436 shares of Credit Acceptance common stock on July 16, 2026. The sales occurred in three indirect transactions through the Jill Foss Watson Irrevocable Trust, for which her spouse Todd Watson serves as trustee.

At what prices were the CACC shares sold in Jill Foss Watson’s latest Form 4?

The reported weighted average prices were $640.1488 for 977 shares, $641.3100 for 457 shares, and $642.0800 for 2 shares. Footnotes state the sale price ranges spanned from $640.00 to $641.77 per share.

Were Jill Foss Watson’s CACC share sales made under a Rule 10b5-1 trading plan?

No. The Form 4’s Rule 10b5-1 checkbox is not marked, indicating the reported 1,436-share sale on July 16, 2026 was not made under a Rule 10b5-1 trading plan. The transactions are reported as discretionary open-market or private sales.

How were the sold Credit Acceptance (CACC) shares held for the reported transactions?

The sold shares are owned of record by Todd Watson, spouse of Jill Foss Watson, as trustee of the Jill Foss Watson Irrevocable Trust. Jill Foss Watson reports these holdings as indirect ownership, and all three sale transactions relate to this trust-held position.

Is Jill Foss Watson considered a major shareholder of Credit Acceptance (CACC)?

Yes. Jill Foss Watson is identified as a ten percent owner of Credit Acceptance Corp. Her status as a 10% owner triggers ongoing reporting obligations, including this Form 4 detailing the indirect sale of 1,436 common shares held through an irrevocable trust.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Watson Jill Foss

(Last) (First) (Middle)

C/O UBS FINANCIAL SERVICES INC.

1000 HARBOR BLVD., 3RD FLOOR

(Street)

WEEHAWKEN NEW JERSEY 07086

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CREDIT ACCEPTANCE CORP [ CACC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/16/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/16/2026		S		977	D	$640.1488(1)	48,369	I	See footnote 2(2)
Common Stock	07/16/2026		S		457	D	$641.31(3)	47,912	I	See footnote 2(2)
Common Stock	07/16/2026		S		2	D	$642.08	47,910	I	See footnote 2(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $640.00 to $640.43, 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 preceding sentence.

2. These shares are owned of record by Todd Watson, spouse of Jill Foss Watson, as trustee of the Jill Foss Watson Irrevocable Trust.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $641.02 to $641.77, 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 preceding sentence.

	/s/ Jill Foss Watson	07/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)