Credit Acceptance CFO sells 49 shares, exercises options
Credit Acceptance Corporation’s Chief Financial Officer Martin Jay D reported a series of small insider trades.
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Form Type
4
Rhea-AI Filing Summary
Credit Acceptance Corporation’s Chief Financial Officer Martin Jay D reported a series of small insider trades. Over June 15–17, he sold a total of 49 shares of common stock in open-market transactions at prices between $575.00 and $581.70 per share.
On the same dates, he exercised employee stock options to acquire 49 shares at an exercise price of $333.94 per share, effectively offsetting the shares sold. After these transactions, he directly holds about 25,963.1 common shares and retains options linked to 2,250 shares at an exercise price of $390.39 per share, expiring in 2027.
Insider Trade Summary 10b5-1
Exercise and Sale: 49 shares ($12K approx. pre-tax spread)
Exercise and Sale
16 txns
Insider
Martin Jay D
Role
Chief Financial Officer
Sold
49 shs ($28K)
Approx. gross sale proceeds
$28K
Approx. exercise cost
$16K
Approx. pre-tax spread
$12K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 2 | $0.00 | $0.00 |
| Exercise | Common Stock | 2 | $333.94 | $667.88 |
| Sale | Common Stock | 1 | $581.70 | $581.70 |
| Sale | Common Stock | 1 | $575.15 | $575.15 |
| Exercise | Employee Stock Option (right to buy) | 25 | $0.00 | $0.00 |
| Exercise | Common Stock | 25 | $333.94 | $8K |
| Sale | Common Stock | 2 | $575.28 | $1K |
| Sale | Common Stock | 12 | $577.51 | $7K |
| Sale | Common Stock | 9 | $578.65 | $5K |
| Sale | Common Stock | 1 | $579.81 | $579.81 |
| Sale | Common Stock | 1 | $581.49 | $581.49 |
| Exercise | Employee Stock Option (right to buy) | 22 | $0.00 | $0.00 |
| Exercise | Common Stock | 22 | $333.94 | $7K |
| Sale | Common Stock | 19 | $575.03 | $11K |
| Sale | Common Stock | 3 | $576.01 | $2K |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 9,750 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 $575.00 to $575.15, 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 $575.00 to $575.55, inclusive.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $577.22 to $577.99, inclusive.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $578.31 to $578.97, inclusive.
Key Figures
Shares sold: 49 shares
Sale price range: $575.00–$581.70 per share
Options exercised: 49 shares
+3 more
6 metrics
Shares sold
49 shares
Total common stock sold in open-market trades
Sale price range
$575.00–$581.70 per share
Prices reported for common stock sales
Options exercised
49 shares
Common shares acquired via option exercises
Option exercise price
$333.94/share
Exercise price for options converted into common stock
Shares held after trades
25,963.1 shares
Direct common stock ownership post-transaction
Remaining option position
2,250 underlying shares
Options on common stock at $390.39, expiring 2027-04-28
Key Terms
open-market sale, Employee Stock Option (right to buy), derivative security, weighted average price
4 terms
open-market sale financial
"transaction_action: open-market sale of common stock"
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.
weighted average price financial
"footnote: 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 trading did CREDIT ACCEPTANCE CORP (CACC) disclose for its CFO?
CREDIT ACCEPTANCE CORP reported that CFO Martin Jay D sold 49 common shares in open-market trades while exercising options for 49 shares. These small, offsetting transactions leave his overall direct share count largely unchanged.
At what prices did the CACC CFO sell common stock in this Form 4?
The CFO’s open-market sales of CREDIT ACCEPTANCE CORP common stock occurred at prices between $575.00 and $581.70 per share. Footnotes note weighted average prices across multiple trades within these disclosed ranges.
What stock options did the CACC CFO exercise and what terms remain?
The CFO exercised options covering 49 common shares at a $333.94 exercise price. He still holds employee stock options tied to 2,250 underlying shares with a $390.39 exercise price, expiring on April 28, 2027, according to the derivative position summary.
Did the CREDIT ACCEPTANCE CORP CFO’s Form 4 include any gifts or tax-withholding trades?
No gifts or tax-withholding dispositions were reported. The transaction summary shows only open-market sales of common stock and option exercises, with no entries for gifts, tax withholding, or restructuring-related movements.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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