Wendy A. Rummler - Feb 2, 2024 Form 4 Insider Report for CREDIT ACCEPTANCE CORP (CACC)

Signature
/s/ Wendy A. Rummler
Stock symbol
CACC
Transactions as of
Feb 2, 2024
Transactions value $
-$371,906
Form type
4
Date filed
2/6/2024, 04:05 PM
Previous 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 $501K +1.5K +81.79% $333.94 3.33K Feb 2, 2024 Direct
transaction CACC Common Stock Sale -$171K -294 -8.82% $580.56 3.04K Feb 2, 2024 Direct F1
transaction CACC Common Stock Sale -$369K -634 -20.86% $581.44 2.41K Feb 2, 2024 Direct F2
transaction CACC Common Stock Sale -$276K -473 -19.66% $582.99 1.93K Feb 2, 2024 Direct F3
transaction CACC Common Stock Sale -$57.7K -99 -5.12% $583.27 1.83K Feb 2, 2024 Direct F4
holding CACC Common Stock 2.7K Feb 2, 2024 By trust. F5
holding CACC Common Stock 1.72K Feb 2, 2024 By trust. F6

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 -1.5K -8.45% $0.00 16.3K Feb 2, 2024 Common Stock 1.5K $333.94 Direct F7
holding CACC Employee Stock Option (right to buy) 10K Feb 2, 2024 Common Stock 10K $468.67 Direct F8
holding CACC Employee Stock Option (right to buy) 1.25K Feb 2, 2024 Common Stock 1.25K $390.39 Direct F9
* 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 $580.24 to $581.15, 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 $581.27 to $582.14, inclusive.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $582.41 to $583.32, inclusive.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $583.45 to $583.90, inclusive.
F5 These shares are owned of record by Kevin Rummler, spouse of Wendy A. Rummler, as trustee of the Kevin Rummler Revocable Trust.
F6 These shares are owned of record by Wendy A. Rummler, as trustee of the Wendy A. Rummler Revocable Trust.
F7 The option, initially representing the 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 was granted.
F8 The option, initially representing the right to purchase 10,000 shares, is exercisable in four equal annual installments beginning on October 6, 2023, which was the first anniversary of the date on which the option was granted.
F9 The option, initially representing the 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.