Credit Acceptance CLO exercises options, sells shares
Credit Acceptance Corporation’s Chief Legal Officer, Erin J. Kerber, reported a combined option exercise and share sale in company common stock.
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Form Type
4
Rhea-AI Filing Summary
Credit Acceptance Corporation’s Chief Legal Officer, Erin J. Kerber, reported a combined option exercise and share sale in company common stock. Kerber exercised employee stock options covering 11,593 shares at exercise prices of $333.94 and $454.11 per share.
On the same dates, she executed open-market sales totaling 11,593 shares at weighted average prices generally ranging from about $600.00 to $629.96 per share, across multiple trades. Following these transactions, Kerber holds 25,710.7 shares of common stock directly and 243 shares indirectly through the company’s 401(k) Profit Sharing Plan.
Insider Trade Summary 10b5-1
Exercise and Sale: 11,593 shares ($2.37M approx. pre-tax spread)
Exercise and Sale
27 txns
Insider
KERBER ERIN J
Role
Chief Legal Officer
Sold
11,593 shs ($7.04M)
Approx. gross sale proceeds
$7.04M
Approx. exercise cost
$4.68M
Approx. pre-tax spread
$2.37M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 1,240 | $0.00 | $0.00 |
| Exercise | Employee Stock Option (right to buy) | 1,697 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,240 | $333.94 | $414K |
| Sale | Common Stock | 337 | $625.40 | $211K |
| Sale | Common Stock | 278 | $626.87 | $174K |
| Sale | Common Stock | 25 | $627.51 | $16K |
| Sale | Common Stock | 240 | $628.26 | $151K |
| Sale | Common Stock | 360 | $629.39 | $227K |
| Exercise | Common Stock | 1,697 | $454.11 | $771K |
| Sale | Common Stock | 526 | $625.53 | $329K |
| Sale | Common Stock | 634 | $626.42 | $397K |
| Sale | Common Stock | 114 | $627.68 | $72K |
| Sale | Common Stock | 183 | $628.73 | $115K |
| Sale | Common Stock | 240 | $629.95 | $151K |
| Exercise | Employee Stock Option (right to buy) | 3,656 | $0.00 | $0.00 |
| Exercise | Employee Stock Option (right to buy) | 5,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,656 | $333.94 | $1.22M |
| Sale | Common Stock | 2,377 | $600.27 | $1.43M |
| Sale | Common Stock | 825 | $601.37 | $496K |
| Sale | Common Stock | 204 | $602.63 | $123K |
| Sale | Common Stock | 250 | $603.63 | $151K |
| Exercise | Common Stock | 5,000 | $454.11 | $2.27M |
| Sale | Common Stock | 2,709 | $600.32 | $1.63M |
| Sale | Common Stock | 1,621 | $601.25 | $975K |
| Sale | Common Stock | 319 | $602.46 | $192K |
| Sale | Common Stock | 351 | $603.58 | $212K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 11,220 contracts (Direct);
Common Stock — 25,710.7 shares (Direct);
Common Stock — 243 shares (Indirect, By 401(k) Trust)
Footnotes (17)
- 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 $600.88, 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.
- F5. 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.
- F6. 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 $601.72, inclusive.
- F7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $625.00 to $625.94, inclusive.
- F8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $626.00 to $626.99, inclusive.
- F9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $627.00 to $627.75, inclusive.
- F10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $628.01 to $628.50, inclusive.
- F11. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $629.11 to $629.96, inclusive.
- F12. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $625.00 to $625.95, inclusive.
- F13. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $626.04 to $626.99, inclusive.
- F14. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $627.46 to $627.84, inclusive.
- F15. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $628.49 to $629.20, inclusive.
- F16. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $629.95 to $629.96, inclusive.
- F17. Held in the Credit Acceptance Stock Fund of the Credit Acceptance Corporation 401(k) Profit Sharing Plan and Trust as of June 24, 2026, according to the Plan trustee.
Key Figures
Shares sold: 11,593 shares
Shares from option exercises: 11,593 shares
Option exercise prices: $333.94 and $454.11 per share
+3 more
6 metrics
Shares sold
11,593 shares
Total open-market sales of common stock
Shares from option exercises
11,593 shares
Total shares acquired via employee stock option exercises
Option exercise prices
$333.94 and $454.11 per share
Employee stock option strike prices for exercised awards
Sale price ranges
$600.00–$629.96 per share
Weighted average sale prices across multiple trades
Direct holdings after transactions
25,710.7 shares
Common stock directly owned post-transaction
Indirect 401(k) holdings
243 shares
Held in Credit Acceptance Stock Fund of 401(k) Plan as of June 24, 2026
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 24, 2026"
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did CREDIT ACCEPTANCE CORP (CACC) report for Erin J. Kerber?
Erin J. Kerber reported exercising employee stock options for 11,593 Credit Acceptance shares and selling 11,593 common shares in open-market transactions. These trades were reported over two days and reflect a combined option exercise-and-sell pattern rather than a pure open-market purchase.
What option exercises did Erin J. Kerber report in CREDIT ACCEPTANCE CORP (CACC) stock?
Kerber exercised employee stock options covering 11,593 Credit Acceptance shares. The options carried exercise prices of $333.94 and $454.11 per share, converting derivative positions into common stock, which was then paired with open-market sales totaling the same 11,593 shares.
Were Erin J. Kerber’s CREDIT ACCEPTANCE CORP (CACC) sales single trades or multiple executions?
The reported sales were executed as multiple trades at different prices, then summarized as weighted average prices. Footnotes specify that individual trades occurred within narrow ranges, such as $600.00–$600.88 or $629.95–$629.96, with full trade details available on request.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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