Credit Acceptance CLO exercises options, sells shares
Credit Acceptance Corp Chief Legal Officer Erin J. Kerber reported an option exercise paired with open-market sales of common stock.
Rhea-AI Filing Summary
Credit Acceptance Corp Chief Legal Officer Erin J. Kerber reported an option exercise paired with open-market sales of common stock. On May 6, 2026, she exercised employee stock options to acquire 1,753 shares of common stock at an exercise price of $333.94 per share and sold 1,753 shares in multiple open-market transactions, with weighted average sale prices reported between roughly $550 and $559 per share. She continues to hold an employee stock option covering 15,500 underlying shares at an exercise price of $454.11 per share, expiring in 2027, along with 240 shares held indirectly through the company’s 401(k) Profit Sharing Plan and Trust as of May 7, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 1,753 shares ($382K approx. pre-tax spread)
Exercise and Sale
11 txns
Insider
KERBER ERIN J
Role
Chief Legal Officer
Sold
1,753 shs ($967K)
Approx. gross sale proceeds
$967K
Approx. exercise cost
$585K
Approx. pre-tax spread
$382K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 1,753 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,753 | $333.94 | $585K |
| Sale | Common Stock | 1,032 | $550.27 | $568K |
| Sale | Common Stock | 168 | $551.44 | $93K |
| Sale | Common Stock | 91 | $552.65 | $50K |
| Sale | Common Stock | 372 | $553.93 | $206K |
| Sale | Common Stock | 22 | $555.00 | $12K |
| Sale | Common Stock | 54 | $557.09 | $30K |
| Sale | Common Stock | 14 | $559.37 | $8K |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 28,372 contracts for 15,500 underlying shares (Direct);
Common Stock — 25,710.7 shares (Direct);
Common Stock — 240 shares (Indirect, By 401(k) Trust)
Footnotes (7)
- 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 $550.94, 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 $551.30 to $551.48, inclusive.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $552.30 to $553.27, inclusive.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $553.35 to $554.01, inclusive.
- F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $555.00 to $555.01, inclusive.
- F6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $557.08 to $557.09, inclusive.
- F7. Held in the Credit Acceptance Stock Fund of the Credit Acceptance Corporation 401(k) Profit Sharing Plan and Trust as of May 7, 2026, according to the Plan trustee.
Key Figures
Shares sold: 1,753 shares
Sale price range: $550.00–$557.09 per share
Options exercised: 1,753 shares at $333.94/share
+2 more
5 metrics
Shares sold
1,753 shares
Open-market sales of common stock on May 6, 2026
Sale price range
$550.00–$557.09 per share
Weighted average price ranges across multiple sale transactions
Options exercised
1,753 shares at $333.94/share
Employee stock option exercise on May 6, 2026
Remaining option position
15,500 underlying shares at $454.11
Employee stock option expiring June 28, 2027
Indirect 401(k) holdings
240 shares
Held in Credit Acceptance Stock Fund as of May 7, 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
"Sale in open market or private transaction"
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
"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 May 7, 2026"
FAQ
What insider transactions did CREDIT ACCEPTANCE CORP (CACC) report for Erin J. Kerber?
Erin J. Kerber reported exercising employee stock options for 1,753 shares of Credit Acceptance Corp common stock at an exercise price of $333.94 per share, and selling 1,753 shares in multiple open-market transactions at weighted average prices around $550–$559 per share.
What employee stock options does Erin J. Kerber still hold in CREDIT ACCEPTANCE CORP (CACC)?
After the reported transactions, Erin J. Kerber continues to hold an Employee Stock Option over 15,500 underlying shares of Credit Acceptance Corp common stock with an exercise price of $454.11 per share and an expiration date in June 2027, according to the filing’s derivative summary.
Did the CREDIT ACCEPTANCE CORP (CACC) filing show any indirect holdings for Erin J. Kerber?
Yes. The filing notes 240 shares of Credit Acceptance Corp common stock held indirectly in the Credit Acceptance Stock Fund of the company’s 401(k) Profit Sharing Plan and Trust as of May 7, 2026, based on information from the plan trustee.
Were Erin J. Kerber’s CREDIT ACCEPTANCE CORP (CACC) stock sales single trades or aggregated transactions?
The reported sale prices are weighted averages, indicating the 1,753 shares were sold in multiple transactions within specified price ranges. Footnotes state she can provide detailed breakdowns of the number of shares sold at each individual price within those ranges upon request.
AI-generated analysis. How Rhea-AI works. Not financial advice.
