CACC CFO sells 3,000 shares, exercises options
CREDIT ACCEPTANCE CORP Chief Financial Officer Martin Jay reported mixed insider activity in common stock and options.
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Form Type
4
Rhea-AI Filing Summary
CREDIT ACCEPTANCE CORP Chief Financial Officer Martin Jay reported mixed insider activity in common stock and options. On April 17, 2026, he sold a total of 3,000 shares of common stock in open-market transactions at weighted average prices around $525–$528 per share. He also exercised stock options to acquire 3,000 shares of common stock at an exercise price of $333.94 per share. Following these transactions, he directly held about 25,963.1 shares of common stock and retained an employee stock option covering 2,250 underlying shares at an exercise price of $390.39 expiring in 2027.
Insider Trade Summary 10b5-1
Exercise and Sale: 3,000 shares ($575K approx. pre-tax spread)
Exercise and Sale
6 txns
Insider
Martin Jay D
Role
Chief Financial Officer
Sold
3,000 shs ($1.58M)
Approx. gross sale proceeds
$1.58M
Approx. exercise cost
$1.00M
Approx. pre-tax spread
$575K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 3,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,000 | $333.94 | $1.00M |
| Sale | Common Stock | 2,255 | $525.31 | $1.18M |
| Sale | Common Stock | 680 | $526.50 | $358K |
| Sale | Common Stock | 65 | $527.69 | $34K |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 15,750 contracts for 2,250 underlying shares (Direct);
Common Stock — 25,963.1 shares (Direct)
Footnotes (3)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $525.00 to $525.95, 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 $526.11 to $526.98, inclusive
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $527.63 to $527.72, inclusive.
Key Figures
Shares sold: 3,000 shares
Sale prices: $525.31, $526.50, $527.69 per share
Options exercised: 3,000 shares at $333.94/share
+2 more
5 metrics
Shares sold
3,000 shares
Common stock sold in open-market transactions on April 17, 2026
Sale prices
$525.31, $526.50, $527.69 per share
Weighted average prices for three sale blocks
Options exercised
3,000 shares at $333.94/share
Employee stock option exercise into common stock
Shares held after
28,963.1 shares
Total common stock directly owned following transactions
Remaining option
2,250 underlying shares at $390.39
Unexercised employee stock option expiring April 28, 2027
Key Terms
Employee Stock Option (right to buy), weighted average price, open-market sale, derivative security
4 terms
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.
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did CACC CFO Martin Jay report on April 17, 2026?
He reported selling 3,000 shares of Credit Acceptance common stock in open-market trades and exercising options for 3,000 shares. The sales occurred around $525–$528 per share, while the option exercise price was $333.94 per share.
What were the terms of the stock options exercised by the CACC CFO?
He exercised employee stock options covering 3,000 underlying shares of Credit Acceptance common stock at an exercise price of $333.94 per share. A remaining option position covers 2,250 underlying shares at a $390.39 exercise price, expiring in 2027.
Does the CACC CFO still hold unexercised stock options after this Form 4?
Yes. After exercising options for 3,000 shares, he still holds an employee stock option tied to 2,250 underlying shares of Credit Acceptance common stock with a $390.39 exercise price and an expiration date in April 2027.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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