Major Shareholder Jill Foss Watson's Trust Sells $5.09M in Stock
Summary
A trust associated with major shareholder Jill Foss Watson sold over $5 million in Credit Acceptance Corp stock, contributing to a pattern of insider distribution.
Key Events
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Significant Stock Sale
The Jill Foss Watson Living Trust, a reporting person associated with major beneficial owner Jill Foss Watson, sold 9,450 shares of common stock for approximately $5.09 million on April 21, 2026, at a weighted average price of $538.26 per share.
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Reinforces Insider Selling Trend
This sale adds to a broader pattern of insider distribution at Credit Acceptance Corp, with over $42 million in net insider sales reported in the last 90 days, including multiple Form 144 filings from other major shareholders and officers.
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Updated Beneficial Ownership Reporting
Jill Foss Watson's reported beneficial ownership has been adjusted, as she no longer reports shares from two children's trusts where her spouse serves as sole trustee and she no longer has influence over investment decisions.
Analysis
This Schedule 13D/A reports a $5.09 million stock sale by the Jill Foss Watson Living Trust, associated with significant beneficial owner Jill Foss Watson. This transaction reinforces a recent trend of insider selling at Credit Acceptance Corp, contributing to a negative sentiment from major shareholders and officers. The filing also updates the beneficial ownership reporting, with Jill Foss Watson no longer reporting shares from two trusts where her spouse is the sole trustee.
At the time of this filing, CACC was trading at $544.71 on NASDAQ in the Finance sector, with a market capitalization of approximately $5.7B. The 52-week trading range was $401.90 to $579.80. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.