Credit Acceptance (CACC) legal chief exercises options and sells 3,546 shares in market trades
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chief Legal Officer Erin J. Kerber of Credit Acceptance Corp exercised stock options for 3,546 shares of common stock at an exercise price of $333.94 per share and sold the same 3,546 shares in open-market transactions at weighted average prices around $575–$579. After these trades, Kerber directly holds 25,710.7 common shares, plus 241 shares held indirectly through the company’s 401(k) plan, and retains options covering 15,500 additional shares at a $454.11 exercise price.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 3,546 shares ($2,044,140)
Net Sell
11 txns
Insider
KERBER ERIN J
Role
Chief Legal Officer
Sold
3,546 shs ($2.04M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 61 | $0.00 | -- |
| Exercise | Common Stock | 61 | $333.94 | $20K |
| Sale | Common Stock | 61 | $575.25 | $35K |
| Exercise | Employee Stock Option (right to buy) | 3,485 | $0.00 | -- |
| Exercise | Common Stock | 3,485 | $333.94 | $1.16M |
| Sale | Common Stock | 1,299 | $575.25 | $747K |
| Sale | Common Stock | 1,105 | $576.67 | $637K |
| Sale | Common Stock | 789 | $577.45 | $456K |
| Sale | Common Stock | 292 | $578.67 | $169K |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 7,423 shares (Direct, null);
Common Stock — 25,771.7 shares (Direct, null);
Common Stock — 241 shares (Indirect, By 401(k) Trust)
Footnotes (1)
- 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 $575.81, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $576.19 to $577.12, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $577.28 to $577.74, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $578.37 to $579.06, inclusive. 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 $575.68, inclusive. Held in the Credit Acceptance Stock Fund of the Credit Acceptance Corporation 401(k) Profit Sharing Plan and Trust as of June 1, 2026, according to the Plan trustee.
Key Figures
Shares sold: 3,546 shares
Option exercise price: $333.94/share
Example sale price: $575.25/share
+4 more
7 metrics
Shares sold
3,546 shares
Total common shares sold in open-market transactions
Option exercise price
$333.94/share
Exercise price for 3,546 common shares
Example sale price
$575.25/share
Weighted average price for a 61-share sale on June 1, 2026
Direct holdings after trades
25,710.7 shares
Common stock directly held following reported transactions
Indirect 401(k) holdings
241 shares
Common stock held in the Credit Acceptance 401(k) Stock Fund as of June 1, 2026
Remaining option exercise price
$454.11/share
Exercise price of remaining employee stock options
Remaining option shares
15,500 shares
Underlying shares for options expiring June 28, 2027
Key Terms
Employee Stock Option (right to buy), weighted average price, open-market sale, 401(k) Profit Sharing Plan and Trust, +1 more
5 terms
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.
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.
401(k) Profit Sharing Plan and Trust financial
"Credit Acceptance Corporation 401(k) Profit Sharing Plan and Trust as of June 1, 2026"
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
FAQ
What insider transactions did CACC Chief Legal Officer Erin J. Kerber report?
Erin J. Kerber reported exercising options for 3,546 Credit Acceptance (CACC) shares at $333.94 each and selling all 3,546 shares in open-market trades at weighted average prices near $575–$579 per share, according to the Form 4 filing.
What stock options does Erin J. Kerber retain in Credit Acceptance (CACC)?
Kerber retains employee stock options on 15,500 Credit Acceptance (CACC) shares with a $454.11 exercise price and a June 28, 2027 expiration date, in addition to the options that were exercised at $333.94 per share and immediately sold.