CREDIT ACCEPTANCE (CACC) COO exercises options, sells 5,000 Common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CREDIT ACCEPTANCE CORP Chief Operating Officer Jonathan Lum exercised employee stock options for 5,000 shares of Common Stock at $333.94 per share and on the same day sold 5,000 shares in an open-market sale at $575.00 per share. After these transactions he directly holds 31,608.6 common shares and 19,500 remaining stock options.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 5,000 shares ($2,875,000)
Net Sell
3 txns
Insider
LUM JONATHAN
Role
Chief Operating Officer
Sold
5,000 shs ($2.88M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 5,000 | $0.00 | -- |
| Exercise | Common Stock | 5,000 | $333.94 | $1.67M |
| Sale | Common Stock | 5,000 | $575.00 | $2.88M |
Holdings After Transaction:
Employee Stock Option (right to buy) — 19,500 shares (Direct, null);
Common Stock — 36,608.6 shares (Direct, null)
Footnotes (1)
Key Figures
Shares sold: 5,000 shares
Sale price: $575.00 per share
Options exercised: 5,000 shares
+4 more
7 metrics
Shares sold
5,000 shares
Open-market sale of Common Stock on May 29, 2026
Sale price
$575.00 per share
Price for 5,000 Common Stock shares sold
Options exercised
5,000 shares
Employee Stock Options converted into Common Stock
Option strike price
$333.94 per share
Exercise price for Employee Stock Options
Shares held after
31,608.6 shares
Direct Common Stock ownership post-transaction
Options remaining
19,500 options
Employee Stock Options outstanding after exercise
Option expiration
December 30, 2026
Expiration date for remaining option grant
Key Terms
open-market sale, Employee Stock Option (right to buy), derivative security, non-derivative
4 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.
non-derivative financial
"transaction_type: "non-derivative""
FAQ
What insider transaction did CACC COO Jonathan Lum report?
CACC Chief Operating Officer Jonathan Lum reported an exercise-and-sell transaction. He exercised employee stock options for 5,000 shares of Common Stock and sold 5,000 shares in an open-market sale, all dated May 29, 2026, according to the Form 4 disclosure.
What happened to the CACC COO’s employee stock options in this filing?
Jonathan Lum exercised 5,000 Employee Stock Options, each convertible into one share of Common Stock at $333.94 per share. Following this exercise, 19,500 employee stock options remain outstanding, with an expiration date disclosed as December 30, 2026.