Erin J. Kerber - Jan 30, 2023 Form 4 Insider Report for CREDIT ACCEPTANCE CORP (CACC)

Role: Chief Legal Officer
Signature: /s/ Erin J. Kerber
Stock symbol: CACC
Transactions as of: Jan 30, 2023
Transactions value $: -$363,936
Form type: 4
Date filed: 2/1/2023, 03:14 PM
Previous filing: Jul 22, 2021
Next filing: Feb 6, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CACC	Common Stock	Tax liability	-$364K	-811	-22.81%	$448.75	2.75K	Jan 30, 2023	Direct
holding	CACC	Common Stock						210	Jan 30, 2023	By 401(k) Trust	F1

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)						19.5K	Jan 30, 2023	Common Stock	19.5K	$333.94	Direct	F2
holding	CACC	Employee Stock Option (right to buy)						15.5K	Jan 30, 2023	Common Stock	15.5K	$454.11	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Held in the Credit Acceptance Stock Fund of the Credit Acceptance Corporation 401(k) Profit Sharing Plan and Trust as of December 30, 2022, according to the Plan trustee.
F2	The option, initially representing the right to purchase 19,500 shares, is exercisable in four equal annual installments beginning on December 30, 2021, which was the first anniversary of the date on which the option was granted.
F3	The option, initially representing the right to purchase 15,500 shares, is exercisable in four equal annual installments beginning on June 28, 2022, which was the first anniversary of the date on which the option was granted.