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

Role: Chief Analytics Officer
Signature: /s/ Arthur L. Smith
Issuer symbol: CACC
Transactions as of: 14 Nov 2023
Net transactions value: -$2,443,790
Form type: 4
Filing time: 16 Nov 2023, 16:08:06 UTC
Previous filing: 01 Feb 2023
Next filing: 04 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CACC	Common Stock	Sale	$48,075	-115	-1.8%	$418.04	6,173	14 Nov 2023	Direct	F1
transaction	CACC	Common Stock	Sale	$41,962	-100	-1.6%	$419.62	6,073	14 Nov 2023	Direct
transaction	CACC	Common Stock	Sale	$942,413	-2,240	-37%	$420.72	3,833	14 Nov 2023	Direct	F2
transaction	CACC	Common Stock	Sale	$193,413	-459	-12%	$421.38	3,374	14 Nov 2023	Direct	F3
transaction	CACC	Common Stock	Sale	$144,880	-343	-10%	$422.39	3,031	14 Nov 2023	Direct	F4
transaction	CACC	Common Stock	Sale	$484,427	-1,144	-38%	$423.45	1,887	14 Nov 2023	Direct	F5
transaction	CACC	Common Stock	Sale	$564,346	-1,330	-70%	$424.32	557	14 Nov 2023	Direct	F6
transaction	CACC	Common Stock	Sale	$11,055	-26	-4.7%	$425.19	531	14 Nov 2023	Direct
transaction	CACC	Common Stock	Sale	$13,221	-31	-5.8%	$426.47	500	14 Nov 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)						50,000	14 Nov 2023	Common Stock	50,000	$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.