Wendy A. Rummler - Feb 2, 2023 Form 4 Insider Report for CREDIT ACCEPTANCE CORP (CACC)

Role
Chief People Officer
Signature
/s/ Wendy A. Rummler
Stock symbol
CACC
Transactions as of
Feb 2, 2023
Transactions value $
-$221,100
Form type
4
Date filed
2/6/2023, 03:04 PM
Previous filing
Feb 1, 2023
Next filing
Jan 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CACC Common Stock Options Exercise $334K +1K +54.53% $333.94 2.83K Feb 2, 2023 Direct
transaction CACC Common Stock Sale -$555K -1K -35.29% $555.04 1.83K Feb 2, 2023 Direct
holding CACC Common Stock 2.15K Feb 2, 2023 By trust. F1
holding CACC Common Stock 2.39K Feb 2, 2023 By trust. 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
transaction CACC Employee Stock Option (right to buy) Options Exercise $0 -1K -5.33% $0.00 17.8K Feb 2, 2023 Common Stock 1K $333.94 Direct F3
holding CACC Employee Stock Option (right to buy) 1.25K Feb 2, 2023 Common Stock 1.25K $390.39 Direct F4
holding CACC Employee Stock Option (right to buy) 10K Feb 2, 2023 Common Stock 10K $468.67 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are owned of record by Kevin Rummler, spouse of Wendy A. Rummler, as trustee of the Kevin Rummler Revocable Trust.
F2 These shares are owned of record by Wendy A. Rummler, as trustee of the Wendy A. Rummler Revocable Trust.
F3 The option, initially representing a right to purchase 18,750 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 wasgranted.
F4 The option, representing a right to purchase 1,250 shares, is exercisable in four equal annual installments beginning on April 28, 2022, which was the first anniversary of the date on which the option was granted.
F5 The option, representing a right to purchase 10,000 shares, is exercisable in four equal annual installments beginning on October 6, 2023, which is the first anniversary of the date on which the option was granted.