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EdgarHawk

Jay D Martin

Chief Financial Officer

Officer

Latest: CFO selling · April 2026

5 filings analyzed · 1 company · Latest 2026-06-02

Companies

Company Buys Sells Direction
CREDIT ACCEPTANCE CORP CACC 0 29 Net selling

Activity

June 2026
2026-06-02 CREDIT ACCEPTANCE CORP CACC
low
Sell
2,907 shares
$1,675,251
Significance 4/10

CFO Jay D Martin sells 2,907 CACC shares for $1.7M under pre-arranged 10b5-1 plan; retains 25,963 shares plus derivative holdings.

Jay D Martin, CACC's Chief Financial Officer, executed 5 separate sales totaling 2,907 shares for $1,675,250.54 on May 29 and June 1, 2026, at a blended average price of $576.28. The sales reduce his non-derivative holdings by 10.1%, from 28,870 shares to 25,963 shares, though he retains 15,237 shares in derivative form (stock options). Critically, this transaction is scheduled under a pre-arranged 10b5-1 trading plan, meaning it reflects a commitment made in advance rather than a discretionary response to current market conditions. Against the current price of $541.94 (6.5% below the 52-week high), the sales executed near the top of the range; however, attribution to insider conviction is precluded by the scheduled nature of the trade. The company's fundamentals remain solid with $580.0M quarterly revenue, $135.8M net income, and a P/E of 12.50, indicating no apparent operational distress signaling the trade.

May 2026
2026-05-20 CREDIT ACCEPTANCE CORP CACC
low
Sell
1,561 shares
$862,594
Significance 3/10

CFO Martin Jay D sold 1,561 shares for $862.6K under 10b5-1 plan; post-sale holdings 26.0K shares.

Martin Jay D, Chief Financial Officer of Credit Acceptance Corp, executed six separate sales totaling 1,561 shares for $862,593.96 on 2026-05-18, reducing his holdings from 27,524 to 25,963 shares (-5.7%). This transaction is part of a pre-arranged 10b5-1 trading plan, meaning the sales were scheduled and not discretionary. The blended average price was $552.59, near the current price of $557.94. The stock has risen 2.8% over 30 days and 14.9% over 90 days, while the P/E stands at 12.87 and market cap is $5.8B, reflecting stable fundamentals with 7.2% annual revenue growth. His prior trades at CACC (all five in early May 2026) showed negative 30-day and 90-day returns, though scheduled plan execution should not be interpreted through timing characterizations.

2026-05-08 CREDIT ACCEPTANCE CORP CACC
medium
Sell
1,439 shares
$793,244
Significance 4/10

CFO Martin Jay D exercised 1,439 shares and sold all holdings same day, netting $312.7K after acquiring at $333.94.

Martin Jay D, Credit Acceptance's CFO, exercised options and immediately liquidated the entire acquired position on the same day—a transaction pattern that suggests accessing stock-based compensation rather than making a conviction bet. The exercise was funded by selling identical share counts at higher prices across multiple tranches, indicating this was purely a monetization event. Over his track record, Martin's five prior sales at this ticker were well-timed over the near term as the stock declined immediately afterward, though the picture grew more mixed over longer periods with two of five sales ultimately proving poorly-timed as shares recovered. This current exercise-and-sell pattern is his first open-market purchase activity on record, breaking a streak of liquidations only, but the immediate sale at prices well above the exercise price suggests he is not building a position. The stock currently trades modestly below its recent high while the company remains profitable with growing revenue, but Martin's decision to capture the price differential and exit entirely offers limited insight into management's medium-term outlook.

April 2026
2026-04-21 CREDIT ACCEPTANCE CORP CACC
medium
Sell
3,000 shares
$1,576,894
Significance 5/10

CFO Martin Jay D sold 3,000 shares at blended avg $525.63 on 2026-04-17, retaining 25,963 shares post-transaction

Martin Jay D, Chief Financial Officer of Credit Acceptance Corp, executed 3 separate sales totaling 3,000 shares for $1,576,893.90 on 2026-04-17, reducing his holdings by 10.4% to 26.0K shares. The sales occurred at a blended average price of $525.63, near the 52-week high of $543.74, within a context of strong recent performance (stock up 20.9% over 30 days and 18.1% over 90 days). His prior two sales at CACC both occurred on 2026-02-09 and showed modest negative 30-day returns (-2.6% and -2.2%), though longer-term outcomes remain unmeasurable. The company trades at a P/E of 8.89 with solid fundamentals: $582.4M revenue, $108.2M net income, and 7.2% annual revenue growth.

February 2026
2026-02-11 CREDIT ACCEPTANCE CORP CACC
medium
Sell
4,340 shares
$2,224,263
Significance 4/10

CFO Martin Jay D sells 4,339 shares for $2,224,262.58 at CACC; reduces stake by 14.3% to 25,963 shares

Martin Jay D, Chief Financial Officer of Credit Acceptance Corp, executed two separate sales on 2026-02-09, selling 3,000 shares at $513.22 and 1,339 shares at $511.05 for a combined $2,224,262.58 at a blended average price of $512.55. This represents a 14.3% reduction in his post-transaction holdings from 30,302 to 25,963 shares. The transaction occurred when the stock was trading near its 52-week high of $543.74 (current price $510.71 is 6.1% below peak), and follows strong recent momentum with 30-day and 90-day returns of +9.6% and +16.0% respectively. Given the company's solid fundamentals—$582.4M quarterly revenue, $108.2M net income, 13.7% annual revenue growth, and 12.41 P/E—the disposition of this magnitude by the CFO merits attention as a material change in his ownership stake.

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