Watson Jill Foss 4

What Happened
Jill Foss Watson, reported as a 10% owner of Credit Acceptance Corporation (CACC), sold a total of 1,436 CACC shares in open-market transactions on July 16, 2026, generating approximately $919,788 in proceeds. The sale consisted of three reported dispositions: 977 shares (weighted avg $640.15, $625,425), 457 shares (weighted avg $641.31, $293,079), and 2 shares ($642.08, $1,284). This was a sale (not a purchase), which is often routine insider liquidity rather than an explicit signal of company outlook.

Key Details

• Transaction date: 2026-07-16; filing date: 2026-07-20 (filed on time).
• Reported lots/prices: 977 @ $640.15 (weighted avg; trades ranged $640.00–$640.43 per footnote), 457 @ $641.31 (weighted avg; trades ranged $641.02–$641.77 per footnote), and 2 @ $642.08.
• Total shares sold: 1,436; approximate total proceeds: $919,788; combined weighted avg price ≈ $640.52/share.
• Shares owned after the transaction: Not disclosed in this Form 4 filing.
• Ownership note: The filing identifies Watson as a 10% owner; footnote indicates some shares are owned of record by her spouse, Todd Watson, as trustee of the Jill Foss Watson Irrevocable Trust.
• Filing/footnotes: Weighted-average pricing disclosed with ranges (F1, F3); F2 explains record ownership by spouse/trust. No 10b5‑1 plan or tax-withholding code noted.

Context
As a 10% owner (distinct from an executive title), these sales reflect disposition of shares by a significant shareholder. Sales by insiders can be routine (liquidity, diversification, estate planning) and do not, by themselves, prove positive or negative views on the company.