Bridgecrest Auto Funding LLC: enters underwriting agreement for notes

What happened

• Bridgecrest Auto Funding LLC ("BAF") and Bridgecrest Acceptance Corporation ("BAC") entered into an Underwriting Agreement on Oct 8, 2026 with Wells Fargo Securities, LLC, as representative of the underwriters, for the sale of notes to be issued by Bridgecrest Lending Auto Securitization Trust 2026-4 (the "Issuer"). The Publicly Registered Notes are the Class A-1 4.370% Auto Loan Asset Backed Notes, Class A-2 4.86% Auto Loan Asset Backed Notes, Class A-3 5.10% Auto Loan Asset Backed Notes, Class B 5.41% Auto Loan Asset Backed Notes, Class C 5.85% Auto Loan Asset Backed Notes and Class D 6.46% Auto Loan Asset Backed Notes. The Issuer will also issue Class E 8.38% Auto Loan Asset Backed Notes which have not been registered. The filing states the Publicly Registered Notes are registered under the Securities Act pursuant to a Registration Statement on Form SF-3 (Commission File No. 333-297422). The filing anticipates the Notes will be issued on Oct 22, 2026.

Key details

• The filing states that on the Closing Date BAC and BAF will enter a Purchase Agreement transferring motor vehicle retail installment sales contracts (the "Receivables") to BAF and related property will be transferred into the securitization structure.
• The Issuer and Bridgecrest Lending Auto Securitization Grantor Trust 2026-4 (the "Grantor Trust") were formed under trust agreements dated Dec 2, 2025 and will be amended and restated as of the Closing Date; Wilmington Trust, National Association is named as trustee in the filing.
• The filing states the Issuer, the Grantor Trust and other parties will enter a Sale and Servicing Agreement, a Receivables Contribution Agreement, an Indenture (granting a security interest in the Receivables to secure the Notes), an Administration Agreement and an Asset Representations Review Agreement, with Computershare Trust Company, National Association and Clayton Fixed Income Services LLC named in certain trustee, servicer and reviewer roles.
• The filing includes a depositor certification required for shelf offerings of asset-backed securities as Exhibit 36.1.

Why it may matter

• This filing reports Item 1.01 (entry into a material definitive agreement) covering the Underwriting Agreement and Item 8.01 (other events) covering the securitization transaction documents and transfer of Receivables in connection with issuance of the Notes. This filing does not show why the insider traded or why the company acted.