Director Kenneth Booth Sells $4.43M in Stock After Option Exercise
CACC sits 39% above its 52-week low of $401.9.
Summary
Director Kenneth Booth sold $4.43 million worth of Credit Acceptance Corp stock after exercising options, contributing to a pattern of insider selling.
Key Events · Ownership and Investor Activity · CACC
-
Director Sells Shares
Director Kenneth Booth sold 8,000 shares of common stock for a total of $4,432,000.00 on May 18-19, 2026.
-
Option Exercise Preceded Sale
The sale followed the exercise of 8,000 employee stock options at an exercise price of $333.94 per share, totaling $2,671,520.00.
-
Transaction Near 52-Week High
The transaction occurred while the stock is trading near its 52-week high of $565.14, potentially indicating the insider is locking in gains.
-
Adds to Insider Distribution Trend
This sale contributes to a net insider distribution of over $23 million in open-market sales over the last 90 days, as noted in recent insider activity.
Analysis · CACC · Finance
Director Kenneth Booth exercised options and immediately sold a significant amount of stock, totaling $4.43 million. This transaction, occurring near the company's 52-week high, represents a substantial liquidity event for the insider and adds to the recent trend of insider distribution.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1496 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CACC was trading at $557.94 on NASDAQ in the Finance sector, with a market capitalization of approximately $5.8B. The 52-week trading range was $401.90 to $565.14. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.