CREDIT ACCEPTANCE CTO sells 4,670 shares after option exercise
CREDIT ACCEPTANCE CORP Chief Transformation Officer Nicholas J. Elliott reported multiple equity transactions involving company common stock.
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Form Type
4
Rhea-AI Filing Summary
CREDIT ACCEPTANCE CORP Chief Transformation Officer Nicholas J. Elliott reported multiple equity transactions involving company common stock. On June 24–25, 2026, he exercised employee stock options to acquire a total of 4,670 shares of common stock at an exercise price of $333.94 per share, then sold 4,670 shares in open-market transactions.
The reported sales occurred at weighted average prices ranging from about $600.00 to $629.96 per share, with detailed price ranges provided in the footnotes. Following these transactions, Elliott holds 20,897.3 shares of common stock directly and an additional 325 shares indirectly through the company’s 401(k) Profit Sharing Plan.
Insider Trade Summary 10b5-1
Exercise and Sale: 4,670 shares ($1.28M approx. pre-tax spread)
Exercise and Sale
14 txns
Insider
Elliott Nicholas J
Role
Chief Transformation Officer
Sold
4,670 shs ($2.84M)
Approx. gross sale proceeds
$2.84M
Approx. exercise cost
$1.56M
Approx. pre-tax spread
$1.28M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 1,183 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,183 | $333.94 | $395K |
| Sale | Common Stock | 547 | $625.39 | $342K |
| Sale | Common Stock | 132 | $626.00 | $83K |
| Sale | Common Stock | 24 | $627.80 | $15K |
| Sale | Common Stock | 240 | $628.25 | $151K |
| Sale | Common Stock | 240 | $629.95 | $151K |
| Exercise | Employee Stock Option (right to buy) | 3,487 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,487 | $333.94 | $1.16M |
| Sale | Common Stock | 1,696 | $600.29 | $1.02M |
| Sale | Common Stock | 1,261 | $601.25 | $758K |
| Sale | Common Stock | 355 | $602.43 | $214K |
| Sale | Common Stock | 175 | $603.45 | $106K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 2,306 contracts (Direct);
Common Stock — 20,897.3 shares (Direct);
Common Stock — 325 shares (Indirect, By 401(k) Trust)
Footnotes (10)
- 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 $601.73, inclusive.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $602.14 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 $603.51, inclusive.
- F5. 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.
- F6. 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 $626.01, inclusive.
- F7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $627.74 to $627.92, inclusive.
- F8. 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.
- F9. 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.
- F10. 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: 4,670 shares
Option shares exercised: 4,670 shares
Option exercise price: $333.94 per share
+3 more
6 metrics
Shares sold
4,670 shares
Total common shares sold in open-market transactions on June 24–25, 2026
Option shares exercised
4,670 shares
Common shares acquired via employee stock option exercises
Option exercise price
$333.94 per share
Conversion or exercise price for employee stock options
Sale price range
$600.00–$629.96 per share
Weighted average price ranges from Form 4 footnotes
Direct holdings after trades
20,897.3 shares
Common stock directly owned following reported transactions
Indirect 401(k) holdings
325 shares
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, derivative exercise/conversion, +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.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
401(k) Profit Sharing Plan and Trust financial
"Credit Acceptance Corporation 401(k) Profit Sharing Plan and Trust as of June 24, 2026"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did CREDIT ACCEPTANCE (CACC) report for Nicholas J. Elliott?
Nicholas J. Elliott exercised options for 4,670 CREDIT ACCEPTANCE shares and sold 4,670 shares in open-market trades on June 24–25, 2026, at weighted average prices around $600–$630 per share, according to the Form 4 filing.
What stock options did Nicholas J. Elliott exercise in this CACC Form 4?
He exercised employee stock options covering 4,670 shares of CREDIT ACCEPTANCE common stock. The options had a conversion or exercise price of $333.94 per share and were reflected as derivative exercises on June 24 and June 25, 2026.
What is the nature of the indirect CREDIT ACCEPTANCE (CACC) holdings reported for Nicholas J. Elliott?
The Form 4 notes 325 shares of CREDIT ACCEPTANCE common stock held indirectly. These shares are in the Credit Acceptance Stock Fund of the company’s 401(k) Profit Sharing Plan and Trust as of June 24, 2026, according to the plan trustee.
Do the CACC Form 4 footnotes explain how the sale prices were calculated?
Yes. Multiple footnotes state that the reported prices are weighted average prices. They explain that shares were sold in numerous trades within specified price ranges, and that full per-trade price details are available upon request from the company or the SEC staff.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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