Arthur L. Smith - Nov 14, 2023 Form 4 Insider Report for CREDIT ACCEPTANCE CORP (CACC)

Role
Chief Analytics Officer
Signature
/s/ Arthur L. Smith
Stock symbol
CACC
Transactions as of
Nov 14, 2023
Transactions value $
-$2,443,791
Form type
4
Date filed
11/16/2023, 04:08 PM
Previous filing
Feb 1, 2023
Next filing
Mar 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CACC Common Stock Sale -$48.1K -115 -1.83% $418.04 6.17K Nov 14, 2023 Direct F1
transaction CACC Common Stock Sale -$42K -100 -1.62% $419.62 6.07K Nov 14, 2023 Direct
transaction CACC Common Stock Sale -$942K -2.24K -36.88% $420.72 3.83K Nov 14, 2023 Direct F2
transaction CACC Common Stock Sale -$193K -459 -11.97% $421.38 3.37K Nov 14, 2023 Direct F3
transaction CACC Common Stock Sale -$145K -343 -10.17% $422.39 3.03K Nov 14, 2023 Direct F4
transaction CACC Common Stock Sale -$484K -1.14K -37.74% $423.45 1.89K Nov 14, 2023 Direct F5
transaction CACC Common Stock Sale -$564K -1.33K -70.48% $424.32 557 Nov 14, 2023 Direct F6
transaction CACC Common Stock Sale -$11.1K -26 -4.67% $425.19 531 Nov 14, 2023 Direct
transaction CACC Common Stock Sale -$13.2K -31 -5.84% $426.47 500 Nov 14, 2023 Direct

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 Nov 14, 2023 Common Stock 50K $333.94 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $418.00 to $418.30, inclusive. The reporting person undertakes to provide to Credit Acceptance Corporation, any security holder of Credit Acceptance Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnotes to this Form 4.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $420.21 to $420.91, inclusive.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $421.14 to $421.69, inclusive.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $422.16 to $422.51, inclusive.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $423.13 to $423.99, inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $424.00 to $424.75, inclusive.
F7 The option, initially representing the right to purchase 50,000 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.