Credit Acceptance (CACC) officer exercises options and sells 53 shares
Rhea-AI Filing Summary
Credit Acceptance Corp Chief Transformation Officer Nicholas J. Elliott reported a small exercise-and-sell sequence in company stock. On June 8 and 9, 2026, he exercised employee stock options to acquire a total of 53 shares of common stock at an exercise price of $333.94 per share, then sold the same 53 shares in open-market transactions.
The reported sales were 21 shares at $578.15 per share on June 8 and 32 shares at a weighted average price of $575.73 per share on June 9, with actual trade prices ranging from $575.00 to $575.85. Following these transactions, Elliott directly owned 20,897.3 shares of common stock, and an additional 324 shares were held indirectly through the Credit Acceptance Stock Fund in the company’s 401(k) Profit Sharing Plan and Trust as of June 9, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 53 shares ($13K approx. pre-tax spread)
Exercise and Sale
7 txns
Insider
Elliott Nicholas J
Role
Chief Transformation Officer
Sold
53 shs ($31K)
Approx. gross sale proceeds
$31K
Approx. exercise cost
$18K
Approx. pre-tax spread
$13K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 32 | $0.00 | $0.00 |
| Exercise | Common Stock | 32 | $333.94 | $11K |
| Sale | Common Stock | 32 | $575.73 | $18K |
| Exercise | Employee Stock Option (right to buy) | 21 | $0.00 | $0.00 |
| Exercise | Common Stock | 21 | $333.94 | $7K |
| Sale | Common Stock | 21 | $578.15 | $12K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 7,031 shares (Direct);
Common Stock — 20,897.3 shares (Direct);
Common Stock — 324 shares (Indirect, By 401(k) Trust)
Footnotes (2)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $575.00 to $575.85, 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. Held in the Credit Acceptance Stock Fund of the Credit Acceptance Corporation 401(k) Profit Sharing Plan and Trust as of June 9, 2026, according to the Plan trustee.
Key Figures
Shares sold June 9, 2026: 32 shares at $575.73
Shares sold June 8, 2026: 21 shares at $578.15
Options exercise price: $333.94 per share
+4 more
7 metrics
Shares sold June 9, 2026
32 shares at $575.73
Weighted average sale price; trades $575.00–$575.85
Shares sold June 8, 2026
21 shares at $578.15
Open-market sale of common stock
Options exercise price
$333.94 per share
Employee stock options converted into 53 common shares
Direct holdings after transactions
20,897.3 shares
Common stock directly owned after June 9, 2026 trades
Indirect 401(k) holdings
324 shares
Credit Acceptance Stock Fund, 401(k) Plan as of June 9, 2026
Stock options remaining in grant line
7,063 options
Employee stock option position after June 8, 2026 row
Stock options after June 9 row
7,031 options
Employee stock option position after June 9, 2026 row
Key Terms
open-market sale, Employee Stock Option (right to buy), weighted average price, 401(k) Profit Sharing Plan and Trust, +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)""
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.
401(k) Profit Sharing Plan and Trust financial
"Credit Acceptance Corporation 401(k) Profit Sharing Plan and Trust as of June 9, 2026"
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did CREDIT ACCEPTANCE CORP (CACC) report for Nicholas J. Elliott?
Nicholas J. Elliott exercised employee stock options for 53 CREDIT ACCEPTANCE CORP shares at $333.94 per share, then sold the same 53 shares in open-market trades at prices around $575–$578 per share over June 8–9, 2026.
What was the option exercise price in the CACC Form 4 for Nicholas J. Elliott?
The employee stock options were exercised at an exercise price of $333.94 per CREDIT ACCEPTANCE CORP share. These options were labeled as “Employee Stock Option (right to buy)” and were converted into 53 common shares before being sold in the market.
What does the weighted average sale price mean in the CACC Form 4 filing?
The weighted average sale price of $575.73 for 32 CACC shares reflects multiple trades executed between $575.00 and $575.85. The filing notes the insider can provide detailed trade breakdowns to the company, its shareholders, or SEC staff upon request.