Arthur L. Smith - Aug 2, 2021 Form 4 Insider Report for CREDIT ACCEPTANCE CORP (CACC)

Role: Chief Analytics Officer
Signature: /s/ Arthur L. Smith
Stock symbol: CACC
Transactions as of: Aug 2, 2021
Transactions value $: -$1,025,000
Form type: 4
Date filed: 8/4/2021, 05:09 PM
Previous filing: Jul 22, 2021
Next filing: Nov 12, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CACC	Common Stock	Sale	-$500K	-1K	-7.26%	$500.00	12.8K	Aug 2, 2021	Direct	F1, F2
transaction	CACC	Common Stock	Sale	-$525K	-1K	-7.83%	$525.00	11.8K	Aug 2, 2021	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	CACC	Employee Stock Option (right to buy)						50K	Aug 2, 2021	Common Stock	50K	$333.94	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2	Includes 7,300 vested restricted stock units that were granted under the Company's Incentive Compensation Plan.
F3	The option, representing a right to purchase 50,000 shares, is exercisable in four equal annual installments beginning on December 30, 2021, which is the first anniversary of the date on which the option was granted.