Kenneth Booth trades 4,000 Credit Acceptance Corp (CACC) shares in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Credit Acceptance Corp director Kenneth Booth reported an option exercise and related share sale. He exercised employee stock options to acquire 4,000 shares of common stock at $333.94 per share and sold 4,000 common shares in an open-market transaction at $534.00 per share.
After these transactions, Booth directly holds 22,831.9 shares of common stock. He also retains employee stock options over 110,000 underlying common shares with a $390.39 exercise price that expire on January 31, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 4,000 shares ($2,136,000)
Net Sell
4 txns
Insider
Booth Kenneth
Role
null
Sold
4,000 shs ($2.14M)
| 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 | $534.00 | $2.14M |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 34,000 shares (Direct, null);
Common Stock — 26,831.9 shares (Direct, null)
Footnotes (1)
Key Figures
Shares sold: 4,000 shares
Sale price: $534.00 per share
Options exercised: 4,000 shares
+5 more
8 metrics
Shares sold
4,000 shares
Common stock sold in open-market transaction
Sale price
$534.00 per share
Price for 4,000 common shares sold
Options exercised
4,000 shares
Common shares acquired via option exercise
Option exercise price
$333.94 per share
Strike price on exercised employee stock options
Common shares held after
22,831.9 shares
Direct common stock ownership following transactions
Remaining option underlying shares
110,000 shares
Underlying common stock for remaining employee options
Remaining option exercise price
$390.39 per share
Exercise price of remaining employee stock options
Remaining option expiration
January 31, 2028
Expiration date of remaining employee stock options
Key Terms
Employee Stock Option (right to buy), open-market sale, derivative security
3 terms
Employee Stock Option (right to buy) financial
"security_title: "Employee Stock Option (right to buy)""
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.
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.
FAQ
What insider transactions did Kenneth Booth report for CREDIT ACCEPTANCE CORP (CACC)?
Kenneth Booth reported exercising employee stock options for 4,000 CREDIT ACCEPTANCE CORP shares at $333.94 each and selling 4,000 common shares at $534.00 each. The filing shows this as an open-market sale paired with an option exercise on the same date.
What stock options does Kenneth Booth still have for CREDIT ACCEPTANCE CORP (CACC)?
Booth retains employee stock options linked to 110,000 underlying CREDIT ACCEPTANCE CORP common shares with a $390.39 exercise price. These options are shown as expiring on January 31, 2028, indicating a substantial remaining derivative position after the reported exercise-and-sale.
Was Kenneth Booth’s transaction in CREDIT ACCEPTANCE CORP (CACC) an open-market sale?
Yes. The Form 4 classifies the 4,000-share disposition as an open-market sale, using transaction code “S” with the description “Sale in open market or private transaction,” and reports a sale price of $534.00 per share for the common stock.