[Form 4] CREDIT ACCEPTANCE CORP Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Credit Acceptance Corp’s Chief Operating Officer Jonathan Lum reported an exercise-and-sale transaction in company stock. On May 6, 2026, he exercised employee stock options to acquire 4,000 shares of common stock at $333.94 per share, then completed an open-market sale of 4,000 shares at $550.00 per share. Following these transactions, he holds 31,608.6 shares of common stock directly, so the sale represents a little over ten percent of his direct holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 4,000 shares ($2,200,000)
Net Sell
3 txns
Insider
LUM JONATHAN
Role
Chief Operating Officer
Sold
4,000 shs ($2.20M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 4,000 | $0.00 | -- |
| Exercise | Common Stock | 4,000 | $333.94 | $1.34M |
| Sale | Common Stock | 4,000 | $550.00 | $2.20M |
Holdings After Transaction:
Employee Stock Option (right to buy) — 24,500 shares (Direct, null);
Common Stock — 35,608.6 shares (Direct, null)
Footnotes (1)
Key Figures
Shares sold: 4,000 shares
Sale price: $550.00 per share
Options exercised: 4,000 shares
+3 more
6 metrics
Shares sold
4,000 shares
Open-market sale of common stock on May 6, 2026
Sale price
$550.00 per share
Price for 4,000 common shares sold
Options exercised
4,000 shares
Employee Stock Option exercise into common stock
Exercise price
$333.94 per share
Conversion or exercise price of options
Direct holdings after transaction
31,608.6 shares
Common stock held directly by COO after sale
Options remaining
24,500 options
Employee Stock Option rights to buy common stock after exercise
Key Terms
open-market sale, Employee Stock Option (right to buy), derivative security, exercise price, +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)""
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.
exercise price financial
"conversion_or_exercise_price": "333.9400""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
non-derivative financial
"transaction_type": "non-derivative""
FAQ
What insider transactions did Credit Acceptance (CACC) report for Jonathan Lum?
Credit Acceptance’s COO Jonathan Lum exercised employee stock options for 4,000 common shares at $333.94, then sold 4,000 shares in an open-market transaction at $550.00. After these moves, his direct common stock holdings total 31,608.6 shares.
What stock options did the Credit Acceptance (CACC) COO exercise?
On May 6, 2026, the COO exercised an Employee Stock Option covering 4,000 underlying common shares at a conversion or exercise price of $333.94 per share. These options were scheduled to expire on December 30, 2026 under the reported grant.
Did the Credit Acceptance (CACC) COO retain any stock options after exercising?
Following the option exercise, the filing shows 24,500 Employee Stock Option rights to buy common stock remaining for the reported grant. These options have a stated exercise price of $333.94 per share and an expiration date of December 30, 2026.