Form 4: Director Booth Trades Credit Acceptance Stock

Director Kenneth Booth reported transactions involving Credit Acceptance Corp. common stock, including acquisitions and dispositions.

Summary

• Director Kenneth Booth of Credit Acceptance Corp. (CACC) engaged in several transactions on May 14, 2026.
• These transactions included the acquisition of 2,000 shares of common stock at a price of $333.94 per share, and the disposition of 2,000 shares of common stock at prices ranging from $538.63 to $539.31.
• Following these transactions, Booth beneficially owns 22,831.9 shares of common stock directly.
• Additionally, Booth holds employee stock options, with a conversion price of $333.94, and has a total of 28,000 and 26,000 shares under two separate option grants.
• The filing also notes that the reported sale price was a weighted average, and the reporting person will provide full details upon request.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily reports routine insider transactions of acquisitions and dispositions without indicating a significant shift in the director's overall stake or outlook.

Positives

• Director Kenneth Booth acquired 2,000 shares of common stock, indicating continued investment in the company.
• The acquisition price of $333.94 per share may represent a favorable entry point for these shares.

Negatives

• Director Kenneth Booth disposed of 2,000 shares of common stock at prices significantly higher than his acquisition price, suggesting a realization of gains.
• The weighted average sale price of $538.63 to $539.31 indicates a substantial sale of shares.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, which details past transactions.

Management Comments

• 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.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions. The reported trades by Director Booth are typical for executives managing their equity holdings, but the significant sale price relative to the acquisition price of some options warrants attention.

Stakeholder Impact

• Shareholders may observe these transactions as part of normal insider activity, but the sale of shares at a profit could be noted.

Key Dates

Keywords

Credit Acceptance Corp, CACC, Form 4, Insider Trading, Director Transactions, Stock Options, Beneficial Ownership, Securities Exchange Act