Daniel A. Ulatowski - Sep 1, 2021 Form 4 Insider Report for CREDIT ACCEPTANCE CORP (CACC)

Role: Chief Sales Officer
Signature: /s/ Daniel A. Ulatowski
Stock symbol: CACC
Transactions as of: Sep 1, 2021
Transactions value $: -$900,000
Form type: 4
Date filed: 9/3/2021, 04:08 PM
Previous filing: Aug 6, 2021
Next filing: Nov 5, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CACC	Common Stock	Sale	-$900K	-1.5K	-9.11%	$600.00	15K	Sep 1, 2021	Direct	F1, F2
holding	CACC	Common Stock						53	Sep 1, 2021	By 401(k) Trust	F3

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	Sep 1, 2021	Common Stock	50K	$333.94	Direct	F4

* 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	Held in the Credit Acceptance Stock Fund of the Credit Acceptance Corporation 401(k) Profit Sharing Plan and Trust as of August 1, 2021, according to the Plan trustee.
F4	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.