Form 4: Credit Acceptance Corp Director Sells 20,000 Shares in Open Market Transactions

Jill Foss Watson, a Director and 10% Owner of Credit Acceptance Corp, reported the sale of 20,000 shares of common stock on July 2, 2025, through multiple transactions.

Summary

• Jill Foss Watson, a Director and 10% Owner of Credit Acceptance Corp (CACC), sold a total of 20,000 shares of common stock on July 2, 2025.
• The sales were executed in multiple transactions at weighted average prices ranging from $536.26 to $546.10 per share.
• Following these transactions, Jill Foss Watson's indirect beneficial ownership through the Jill Foss Watson Living Trust decreased to 102,107 shares.
• Prior to these reported sales, 30,180 shares were transferred to the Jill Foss Watson Living Trust from a grantor retained annuity trust for no consideration, a transfer that did not alter the reporting person's pecuniary interest.

Sentiment

Score: 3

Explanation: The sentiment is moderately negative due to significant insider selling by a director and 10% owner, which can signal a lack of confidence or a belief that the stock is overvalued.

Negatives

• A Director and 10% Owner, Jill Foss Watson, sold a significant number of shares (20,000) in open market transactions.
• Insider selling can be interpreted by the market as a lack of confidence in the company's future prospects or that the stock price may be nearing a peak.

Related Party Transactions

• 30,180 shares were transferred to the Jill Foss Watson Living Trust from the reporting person's grantor retained annuity trust for no consideration. This transaction involved related entities, though it did not change the reporting person's pecuniary interest.

Stakeholder Impact

• Shareholders may interpret the insider selling as a negative signal, potentially leading to downward pressure on the stock price.

Key Dates

Recommendation

Keywords

Credit Acceptance Corp, CACC, Jill Foss Watson, Insider Trading, Form 4, Stock Sale, Director, 10% Owner, Common Stock, SEC Filing