This is a planned sale by a control person's family trust, not an open-market disposition by the CEO or CFO. The volume (~0.1% of shares outstanding) is immaterial. Monitor for any subsequent Form 4 filings to confirm execution, but no near-term price impact is expected.
Price Chart
Executive Summary
Todd Roger Watson, through the Eidolon Corvid 2024 Trust and related family trusts, filed a Form 144 to sell up to 15,000 shares of Credit Acceptance Corp (CACC) with an approximate market value of $8,025,000. The filing aggregates sales across multiple trusts totaling up to 52,737 shares. Watson is the spouse of Jill Foss Watson, a 10% holder of CACC, and the sale is a routine diversification or estate-planning move by a control person.
Key Facts
- Todd Roger Watson (spouse of 10% holder Jill Foss Watson) filed Form 144 to sell 15,000 CACC shares via the Eidolon Corvid 2024 Trust.
- Aggregate sales across related trusts total up to 52,737 shares.
- Approximate sale value is $8,025,000 based on the filing date.
- Shares were originally acquired on 09/01/2011 via a GRAT Remainder (Founders Shares).
- The sale is being handled through UBS Financial Services Inc.
Financial Impact
Up to 52,737 shares sold, representing approximately $28.2 million at the filing date price (~$535/share). This is a small fraction of CACC's ~$5.5B market cap.
Risk Factors
- Insider selling by a 10% holder's spouse could be perceived negatively by some market participants.
- The filing aggregates multiple trusts, suggesting ongoing estate planning rather than a one-time event.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001969223-26-001064 |
| Document: 0001969223-26-001064-index.html | 0001969223-26-001064 |
| Document: 0001969223-26-001064.txt | 0001969223-26-001064 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Press Release | $545.04 | awaiting T+60 | — | $545.04 (−0.00%) |
Oct 6, 2026 20d ago | 144 | $536.58 | awaiting T+60 | — | $545.04 (+1.58%) |
Oct 1, 2026 26d ago | Court Ruling | $527.50 | awaiting T+60 | — | $545.04 (+3.33%) |
Sep 22, 2026 4w ago | Press Release | $555.13 | awaiting T+60 | — | $545.04 (−1.82%) |
Sep 18, 2026 5w ago | 8-K | $564.27 | awaiting T+60 | — | $545.04 (−3.41%) |
Sep 17, 2026 5w ago | Press Release | $590.41 | awaiting T+60 | — | $545.04 (−7.68%) |
Sep 15, 2026 5w ago | Press Release | $601.54 | awaiting T+60 | — | $545.04 (−9.39%) |
Sep 15, 2026 6w ago | Court Ruling | $601.54 | awaiting T+60 | — | $545.04 (−9.39%) |
Sep 4, 2026 7w ago | 8-K | $593.78 | awaiting T+60 | — | $545.04 (−8.21%) |
Aug 15, 2026 10w ago | Institutional Cluster | $573.09 | awaiting T+60 | — | $545.04 (−4.89%) |
US Market Status
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