How many transactions were involved in Jill Foss Watson’s Credit Acceptance (CACC) share sales?

The Form 4 shows 12 separate non-derivative transactions, all coded as open-market sales of Credit Acceptance common stock. Each entry represents a block of shares sold on April 21, 2026, reported with a weighted-average price and associated price range in the filing’s footnotes.

Credit Acceptance (CACC) 10% owner trust sells 9,450 common shares

Filing Impact

(Very High)

Filing Sentiment

(Very Negative)

Form Type

Rhea-AI Filing Summary

Credit Acceptance Corp ten percent owner Jill Foss Watson reported a series of open-market sales of 9,450 shares of common stock on April 21, 2026. The trades were executed at weighted-average prices within ranges from $527.43 to $543.00 per share. The shares are held indirectly through the Jill Foss Watson Living Trust.

Insights

Large shareholder executes routine open-market sale via trust.

A ten percent owner of Credit Acceptance Corp reported selling 9,450 common shares on April 21, 2026 in multiple open-market transactions. Prices ranged roughly from $527.43 to $543.00 per share, based on weighted-average disclosures.

The filing shows 100% of the reported activity as open-market sales, with no option exercises or grants. The shares are held indirectly by the Jill Foss Watson Living Trust, so the transactions are attributed to that trust rather than to direct personal holdings.

This pattern represents a net reduction in the trust’s position but without additional context like total company shares outstanding or prior holdings. On its own, it is best viewed as a meaningful but routine liquidity event by a large shareholder, rather than a definitive signal about Credit Acceptance’s business outlook.

Insider Trade Summary

Net Seller: 9,450 shares ($5,089,030)

Net Sell 12 txns

Insider Watson Jill Foss

Role null

Sold 9,450 shs ($5.09M)

Type	Security	Shares	Price	Value
Sale	Common Stock	240	$527.7583	$127K
Sale	Common Stock	320	$529.355	$169K
Sale	Common Stock	797	$530.8313	$423K
Sale	Common Stock	808	$531.7296	$430K
Sale	Common Stock	33	$534.96	$18K
Sale	Common Stock	322	$536.2711	$173K
Sale	Common Stock	290	$537.962	$156K
Sale	Common Stock	752	$539.5325	$406K
Sale	Common Stock	1,033	$540.2692	$558K
Sale	Common Stock	2,801	$541.4473	$1.52M
Sale	Common Stock	1,866	$542.0267	$1.01M
Sale	Common Stock	188	$542.9806	$102K

Holdings After Transaction: Common Stock — 101,317 shares (Indirect, See footnote 2)

Footnotes (1)

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $527.43 to $528.28, 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 preceding sentence. These shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson Living Trust. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $529.06 to $530.04, 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 preceding sentence. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $530.27 to $531.255, 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 preceding sentence. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $531.27 to $532.11, 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 preceding sentence. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $534.82 to $535.59, 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 preceding sentence. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $536.22 to $536.69, 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 preceding sentence. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $537.565 to $538.54, 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 preceding sentence. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $538.77 to $539.74, 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 preceding sentence. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $539.77 to $540.755, 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 preceding sentence. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $540.83 to $541.80, 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 preceding sentence. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $541.83 to $542.54, 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 preceding sentence. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $542.92 to $543, 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 preceding sentence.

Key Figures

Shares sold: 9,450 shares Highest reported sale price: $543.00 per share Lowest reported sale price: $527.43 per share +2 more

5 metrics

Shares sold 9,450 shares Total common stock sold on April 21, 2026

Highest reported sale price $543.00 per share Upper end of disclosed trading ranges

Lowest reported sale price $527.43 per share Lower end of disclosed trading ranges

Number of sale transactions 12 transactions Non-derivative open-market sales on April 21, 2026

Example weighted-average price $542.9806 per share One reported sale block of 188 shares

Key Terms

weighted average price, open-market sale, ten percent owner, indirect ownership, +1 more

5 terms

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" for each common stock 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.

ten percent owner regulatory

"reporting person is marked as is_ten_percent_owner: 1 in the data."

indirect ownership regulatory

"direct_or_indirect is "I" and nature_of_ownership references Footnote 2."

Living Trust financial

"These shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson Living Trust."

Form 4 Insider Transactions: What Each Field Means →

04/22/2026 - 06:20 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Watson Jill Foss

(Last)

(First)

(Middle)

C/O UBS FINANCIAL SERVICES INC.

1000 HARBOR BLVD, 3RD FLOOR

(Street)

WEEHAWKEN

NEW JERSEY

07086

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CREDIT ACCEPTANCE CORP [ CACC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/21/2026		S		240	D	$527.7583⁽¹⁾	101,317	I	See footnote 2⁽²⁾
Common Stock	04/21/2026		S		320	D	$529.355⁽³⁾	100,997	I	See Footnote 2⁽²⁾
Common Stock	04/21/2026		S		797	D	$530.8313⁽⁴⁾	100,200	I	See Footnote 2⁽²⁾
Common Stock	04/21/2026		S		808	D	$531.7296⁽⁵⁾	99,392	I	See footnote 2⁽²⁾
Common Stock	04/21/2026		S		33	D	$534.96⁽⁶⁾	99,359	I	See Footnote 2⁽²⁾
Common Stock	04/21/2026		S		322	D	$536.2711⁽⁷⁾	99,037	I	See Footnote 2⁽²⁾
Common Stock	04/21/2026		S		290	D	$537.962⁽⁸⁾	98,747	I	See Footnote 2⁽²⁾
Common Stock	04/21/2026		S		752	D	$539.5325⁽⁹⁾	97,995	I	See Footnote 2⁽²⁾
Common Stock	04/21/2026		S		1,033	D	$540.2692⁽¹⁰⁾	96,962	I	See Footnote 2⁽²⁾
Common Stock	04/21/2026		S		2,801	D	$541.4473⁽¹¹⁾	94,161	I	See Footnote 2⁽²⁾
Common Stock	04/21/2026		S		1,866	D	$542.0267⁽¹²⁾	92,295	I	See Footnote 2⁽²⁾
Common Stock	04/21/2026		S		188	D	$542.9806⁽¹³⁾	92,107	I	See Footnote 2⁽²⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $527.43 to $528.28, 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 preceding sentence.

2. These shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson Living Trust.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $529.06 to $530.04, 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 preceding sentence.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $530.27 to $531.255, 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 preceding sentence.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $531.27 to $532.11, 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 preceding sentence.

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $534.82 to $535.59, 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 preceding sentence.

7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $536.22 to $536.69, 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 preceding sentence.

8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $537.565 to $538.54, 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 preceding sentence.

9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $538.77 to $539.74, 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 preceding sentence.

10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $539.77 to $540.755, 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 preceding sentence.

11. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $540.83 to $541.80, 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 preceding sentence.

12. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $541.83 to $542.54, 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 preceding sentence.

13. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $542.92 to $543, 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 preceding sentence.

	/s/ Jill Foss Watson, Trustee	04/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Credit Acceptance Corp (CACC) report for Jill Foss Watson?

Credit Acceptance Corp reported that ten percent owner Jill Foss Watson sold 9,450 shares of common stock in open-market transactions. The sales occurred on April 21, 2026, and were executed indirectly through the Jill Foss Watson Living Trust as disclosed in the Form 4 filing.

At what prices were the 9,450 Credit Acceptance (CACC) shares sold by the Watson trust?

The 9,450 Credit Acceptance shares were sold at weighted-average prices within several ranges between $527.43 and $543.00 per share. Each line item in the Form 4 reflects a weighted-average price, with footnotes detailing the specific trading price ranges for those grouped transactions.

Were Jill Foss Watson’s Credit Acceptance (CACC) sales direct or through an entity?

The reported Credit Acceptance sales were indirect. The filing states that the shares are owned of record by Jill Foss Watson as trustee of the Jill Foss Watson Living Trust, so the transactions are attributed to that trust rather than to direct personal ownership of the common stock.

Does the Form 4 show any option exercises or derivative trades for Credit Acceptance (CACC)?

No, the Form 4 only reports non-derivative transactions in Credit Acceptance common stock. All 12 entries are coded as open-market sales, and the derivative transaction summary is empty, indicating no reported option exercises, conversions, or other derivative-related activities in this particular filing.