Elliott Nicholas J

Elliott Nicholas J, Chief Transformation Officer at Credit Acceptance Corporation (CACC), has been a consistent seller of company stock over the past several weeks, with Form 4 filings showing 63 total transactions concentrated entirely in that single ticker. The pattern is unambiguous: across all filings, there are zero open-market purchases and zero acquisitions, while open-market sales total approximately $8.4 million. The recent activity, spanning June 16 through June 26, 2026, shows 21 separate sell transactions, with the bulk of the dollar volume clustered in the final three days of that window. The June 24–26 period was particularly heavy. On June 24 alone, Elliott executed four sales totaling roughly $1.99 million, alongside an option exercise (code M) valued at about $1.16 million. The following day brought three more sales worth approximately $590,500, paired with a $395,000 option exercise. June 26 saw the largest single-day volume, with eight sales aggregating roughly $1.45 million and one option exercise of $770,000. Smaller sales on June 16 and 17, each under $7,000, round out the recent picture. The presence of code M transactions—mechanical option exercises—alongside the sales suggests the disposals are tied to equity compensation vesting, but the sheer scale of the selling, with no offsetting purchases, indicates a clear net reduction in Elliott's CACC holdings over the reporting period.