Credit Acceptance CLO sells 1,903 shares
Credit Acceptance Corp Chief Legal Officer Erin J. Kerber reported an exercise-and-sale transaction in company stock.
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Form Type
4
Rhea-AI Filing Summary
Credit Acceptance Corp Chief Legal Officer Erin J. Kerber reported an exercise-and-sale transaction in company stock. Kerber exercised employee stock options to acquire 1,903 shares of Common Stock at $333.94 per share, then on the same date sold 1,903 shares in multiple open-market trades at prices between $550.29 and $558.48 per share, using weighted average pricing for each trade block.
Following these transactions, Kerber directly holds about 25,710.7 Common shares and indirectly holds 240.9 shares through the company’s 401(k) Profit Sharing Plan. Kerber also retains employee stock options covering 15,500 underlying shares with a $454.11 exercise price expiring in June 2027.
Insider Trade Summary 10b5-1
Exercise and Sale: 1,903 shares ($416K approx. pre-tax spread)
Exercise and Sale
11 txns
Insider
KERBER ERIN J
Role
Chief Legal Officer
Sold
1,903 shs ($1.05M)
Approx. gross sale proceeds
$1.05M
Approx. exercise cost
$635K
Approx. pre-tax spread
$416K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 1,903 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,903 | $333.94 | $635K |
| Sale | Common Stock | 755 | $550.29 | $415K |
| Sale | Common Stock | 240 | $551.68 | $132K |
| Sale | Common Stock | 269 | $552.54 | $149K |
| Sale | Common Stock | 240 | $553.98 | $133K |
| Sale | Common Stock | 239 | $554.74 | $133K |
| Sale | Common Stock | 80 | $556.30 | $45K |
| Sale | Common Stock | 80 | $558.48 | $45K |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 26,469 contracts for 15,500 underlying shares (Direct);
Common Stock — 25,710.7 shares (Direct);
Common Stock — 240.9 shares (Indirect, By 401(k) Trust)
Footnotes (6)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $550.00 to $550.95, 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 $551.37 to $552.00, inclusive.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $552.47 to $552.61, inclusive.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $553.59 to $554.41, inclusive.
- F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $554.60 to $555.27, inclusive.
- F6. Held in the Credit Acceptance Stock Fund of the Credit Acceptance Corporation 401(k) Profit Sharing Plan and Trust as of May 19, 2026, according to the Plan trustee.
Key Figures
Shares sold: 1,903 shares
Sale price range: $550.29–$558.48/share
Options exercised: 1,903 shares at $333.94/share
+3 more
6 metrics
Shares sold
1,903 shares
Common Stock sold in multiple open-market transactions on May 18, 2026
Sale price range
$550.29–$558.48/share
Weighted-average prices for reported Common Stock sales
Options exercised
1,903 shares at $333.94/share
Employee Stock Option exercise converting into Common Stock
Direct holdings after
27,613.7 shares
Common Stock directly owned following reported transactions
Indirect 401(k) holdings
240.9 shares
Held in Credit Acceptance Stock Fund of 401(k) Plan as of May 19, 2026
Remaining option grant
15,500 underlying shares at $454.11
Employee Stock Option (right to buy) expiring June 28, 2027
Key Terms
open-market sale, Employee Stock Option (right to buy), weighted average price, 401(k) Profit Sharing Plan and Trust
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)"
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 May 19, 2026"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Credit Acceptance (CACC) disclose for Erin J. Kerber?
Credit Acceptance disclosed that Chief Legal Officer Erin J. Kerber exercised employee stock options for 1,903 shares and sold 1,903 Common shares in multiple open-market transactions. The filing details weighted-average sale prices and updated post-transaction holdings in both direct and 401(k) plan accounts.
What stock options did Erin J. Kerber exercise in this Credit Acceptance Form 4?
Kerber exercised employee stock options covering 1,903 underlying shares of Credit Acceptance Common Stock at a $333.94 exercise price. The corresponding derivative entry shows these options converting into Common shares, reducing the option balance while increasing directly held stock on the reported transaction date.
What employee stock options does Erin J. Kerber still hold in Credit Acceptance (CACC)?
Kerber retains employee stock options described as a right to buy Credit Acceptance Common Stock. The remaining option award covers 15,500 underlying shares at a $454.11 exercise price, with an expiration date in June 2027 and direct ownership reported in the derivative holdings summary.
How are Erin J. Kerber’s 401(k) holdings in Credit Acceptance stock reported?
The filing shows an indirect holding of 240.9 Credit Acceptance shares in the Credit Acceptance Stock Fund of the company’s 401(k) Profit Sharing Plan and Trust. A footnote states this balance is reported as of May 19, 2026, based on information from the plan trustee overseeing the fund.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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