Credit Acceptance Corp CTO Nicholas Elliott Exercises Options and Sells Shares

2026-06-17SEC Filing 4 (0000885550-26-000153)

This Form 4 filing reports that Nicholas J. Elliott, Chief Transformation Officer of Credit Acceptance Corporation, exercised employee stock options and sold shares over three consecutive days in June 2026. Elliott exercised a total of 55 stock options at an exercise price of $333.94 per share, acquiring 55 shares of common stock. He then sold 55 shares at prices ranging from $575.00 to $581.70 per share, resulting in substantial gains. Following these transactions, Elliott's direct holdings decreased to 20,897.3 shares, while he holds 6,976 remaining stock options and 324 shares indirectly through the company's 401(k) plan. The transactions represent a typical executive stock option exercise and sale, allowing the officer to realize gains from previously granted equity compensation.