Credit Acceptance CTO sells 2,306 shares
Credit Acceptance Corp Chief Transformation Officer Nicholas J. Elliott reported an option exercise and related share sales in company stock.
Rhea-AI Filing Summary
Credit Acceptance Corp Chief Transformation Officer Nicholas J. Elliott reported an option exercise and related share sales in company stock. On June 26, 2026, he exercised 2,306 Employee Stock Options at an exercise price of $333.94 per share, receiving the same number of common shares.
That same day, he executed multiple open-market sales totaling 2,306 shares of Common Stock at weighted average prices generally between about $625 and $635 per share, across several price ranges noted in the footnotes. After these transactions, he directly held 20,897.3 shares of Common Stock and indirectly held 325 shares through the company’s 401(k) Profit Sharing Plan and Trust as of June 24, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 2,306 shares ($683K approx. pre-tax spread)
Exercise and Sale
11 txns
Insider
Elliott Nicholas J
Role
Chief Transformation Officer
Sold
2,306 shs ($1.45M)
Approx. gross sale proceeds
$1.45M
Approx. exercise cost
$770K
Approx. pre-tax spread
$683K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 2,306 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,306 | $333.94 | $770K |
| Sale | Common Stock | 173 | $625.29 | $108K |
| Sale | Common Stock | 449 | $627.44 | $282K |
| Sale | Common Stock | 683 | $628.94 | $430K |
| Sale | Common Stock | 17 | $629.78 | $11K |
| Sale | Common Stock | 360 | $631.29 | $227K |
| Sale | Common Stock | 324 | $632.81 | $205K |
| Sale | Common Stock | 180 | $633.93 | $114K |
| Sale | Common Stock | 120 | $634.83 | $76K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 0 contracts (Direct);
Common Stock — 20,897.3 shares (Direct);
Common Stock — 325 shares (Indirect, By 401(k) Trust)
Footnotes (8)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $625.00 to $625.93, 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 $627.23 to $627.84, inclusive.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $628.64 to $629.30, inclusive.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $630.97 to $631.52, inclusive.
- F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $632.05 to $633.00, inclusive.
- F6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $633.62 to $634.32, inclusive.
- F7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $634.83 to $634.84, inclusive.
- F8. Held in the Credit Acceptance Stock Fund of the Credit Acceptance Corporation 401(k) Profit Sharing Plan and Trust as of June 24, 2026, according to the Plan trustee.
Key Figures
Shares sold: 2,306 shares
Option exercise shares: 2,306 shares
Option exercise price: $333.94 per share
+4 more
7 metrics
Shares sold
2,306 shares
Total open-market sales of Common Stock on June 26, 2026
Option exercise shares
2,306 shares
Employee Stock Options converted into Common Stock on June 26, 2026
Option exercise price
<money>$333.94</money> per share
Exercise price for Employee Stock Option (right to buy)
Representative sale price
<money>$634.83</money> per share
One reported weighted average sale price for Common Stock
Direct holdings after transactions
23,203.3 shares
Common Stock directly owned following June 26, 2026 transactions
Indirect 401(k) holdings
325 shares
Shares in Credit Acceptance Stock Fund as of June 24, 2026
Weighted average price ranges
<money>$625.00–$634.84</money>
Ranges for multiple sale tranches noted in footnotes
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
"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)""
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
"401(k) Profit Sharing Plan and Trust as of June 24, 2026"
FAQ
What insider activity did CACC Chief Transformation Officer Nicholas J. Elliott report?
Nicholas J. Elliott reported exercising 2,306 Employee Stock Options and selling 2,306 shares of Credit Acceptance Corp common stock in multiple open-market transactions on June 26, 2026, according to his Form 4 insider trading disclosure.
What stock options did the CACC executive exercise in this Form 4 filing?
Nicholas J. Elliott exercised Employee Stock Options covering 2,306 shares of Credit Acceptance Corp common stock at an exercise price of $333.94 per share, converting the derivative position into common shares as reported in the non-derivative and derivative transaction entries.
What is the role of the 401(k) Profit Sharing Plan in Nicholas J. Elliott’s CACC holdings?
A portion of his interest in CACC is held indirectly through the Credit Acceptance Stock Fund of the company’s 401(k) Profit Sharing Plan and Trust, which held 325 shares for his benefit as of June 24, 2026, according to information from the plan trustee.
Does the Form 4 for CACC detail how the reported sale prices were calculated?
Yes. Several footnotes state that the sale prices are weighted average prices, with the underlying transactions executed at multiple prices within specified ranges, and the insider offers to provide full trade-by-trade detail upon request to the company, shareholders, or SEC staff.
AI-generated analysis. How Rhea-AI works. Not financial advice.
