Prescott General Partners LLC 4
4 · CREDIT ACCEPTANCE CORP · Filed Jul 7, 2026
Research Summary
AI-generated summary of this filing
CREDIT ACCEPTANCE (CACC) 10% Owner Prescott General Partners Sells Shares
What Happened Prescott General Partners LLC, identified as a 10% owner of Credit Acceptance Corp (CACC), reported a disposition of 9,891 shares on 2026-07-02 at $655.72 per share, totaling approximately $6,485,727. The Form 4 labels the transaction type as an "other acquisition or disposition (J)"—the filing's footnote clarifies this was a distribution in kind to a limited partner to satisfy a withdrawal request, not necessarily an open-market sale.
Key Details
- Transaction date and price: 2026-07-02 at $655.72 per share; total value ~$6,485,727.
- Transaction type: Disposition (coded J) — distributed in kind to a limited partner (Footnote F1).
- Ownership after transaction: filing does not state the post-transaction share count.
- Ownership structure: shares are held by related limited partnerships (Prescott Associates, Idoya Partners L.P., Prescott International Partners L.P.) and are beneficially owned indirectly by PGP as general partner; PGP disclaims ownership beyond its pecuniary interest (Footnotes F2–F4).
- Filing timing: Report filed 2026-07-07 for a 2026-07-02 transaction (filed 5 calendar days later); this may be late relative to Section 16 reporting deadlines (typically 2 business days).
Context This was an institutional/distribution action by a 10% owner via partnership structures rather than a direct executive sale. Because the shares were distributed in kind to a withdrawing limited partner, the transaction should not be interpreted as insider sentiment about the company’s prospects. Purchases usually carry clearer bullish signals; dispositions like this—especially in-kind distributions—are often administrative or related to investor liquidity needs.
Insider Transaction Report
- Other
Common Stock
[F1][F2]2026-07-02$655.72/sh−9,891$6,485,727→ 901,241 total(indirect: By Prescott Associates L.P.)
- 495,785(indirect: By Idoya Partners L.P.)
Common Stock
[F3] - 30,034(indirect: By Prescott International Partners L.P.)
Common Stock
[F4]
Footnotes (4)
- [F1]These shares were distributed in kind to a limited partner of Prescott Associates L.P. ("Prescott Associates"), a private investment limited partnership, in partial satisfaction of a withdrawal request by the limited partner.
- [F2]These shares are owned directly by Prescott Associates and are beneficially owned indirectly by Prescott General Partners LLC ("PGP"), a Delaware limited liability company, as general partner of Prescott Associates. PGP disclaims beneficial ownership of these shares in excess of its pecuniary interest under Rule 16a-1(a)(2)(ii)(B). The address for Prescott Associates is 2200 Butts Road, Suite 320, Boca Raton, FL 33431.
- [F3]These shares are owned directly by Idoya Partners L.P. ("Idoya"), a private investment limited partnership, and are beneficially owned indirectly by PGP as general partner of Idoya. PGP disclaims beneficial ownership of these shares in excess of its pecuniary interest under Rule 16a-1(a)(2)(ii)(B). The address for Idoya is 2200 Butts Road, Suite 320, Boca Raton, FL 33431.
- [F4]These shares are owned directly by Prescott International Partners L.P. ("PIP"), a private investment limited partnership, and are beneficially owned indirectly by PGP, as general partner of PIP. PGP disclaims beneficial ownership of these shares in excess of its pecuniary interest under Rule 16a-1(a)(2)(ii)(B). The address for PIP is 2200 Butts Road, Suite 320, Boca Raton, FL 33431.