Trust related to 10% owner files Form 144 to sell $12.5M in stock, part of a larger family distribution
CACC sits 59% above its 52-week low of $401.9.
Summary
A trust related to a 10% owner of Credit Acceptance Corp has filed a Form 144 to sell $12.5 million in stock, part of a larger family plan to sell up to $31.9 million, adding to a trend of insider selling near 52-week highs.
Key Events · Ownership and Investor Activity · CACC
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Intent to Sell $12.5 Million
Jill Foss Watson Irrevocable Trust has filed a Form 144 indicating an intent to sell 20,000 shares of common stock, valued at approximately $12.5 million.
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Broader Family Distribution
This specific sale is part of an aggregated plan by related trusts within the Jill Foss Watson family to sell up to 50,000 shares, totaling approximately $31.9 million.
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Context of Insider Selling
This filing adds to a recent trend of insider distribution, with over $58 million in net insider sales over the last 90 days, including other Form 144 filings from officers and a different 10% shareholder.
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Timing Near 52-Week Highs
The proposed sale occurs while Credit Acceptance Corp's stock is trading near its 52-week high, potentially indicating opportunistic selling.
Analysis · CACC · Finance
Jill Foss Watson Irrevocable Trust, connected to a 10% owner, has filed a Form 144 indicating an intent to sell 20,000 shares of Credit Acceptance Corp stock, valued at approximately $12.5 million. This specific sale is part of a broader plan by related trusts within the Jill Foss Watson family to sell an aggregate of up to 50,000 shares, totaling approximately $31.9 million. This significant intent to sell by a major shareholder's family, occurring while the stock is trading near its 52-week high, contributes to a pattern of insider distribution observed over the past 90 days, where net insider sales total over $58 million.
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 $638.23 on NASDAQ in the Finance sector, with a market capitalization of approximately $6.7B. The 52-week trading range was $401.90 to $640.30. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.