Erin J. Kerber - Feb 2, 2024 Form 4 Insider Report for CREDIT ACCEPTANCE CORP (CACC)

Signature
/s/ Erin J. Kerber
Stock symbol
CACC
Transactions as of
Feb 2, 2024
Transactions value $
-$1,226,167
Form type
4
Date filed
2/6/2024, 04:08 PM
Previous filing
Feb 1, 2023
Next filing
Dec 5, 2024

Transactions Table

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 -4.88K -25% $0.00 14.6K Feb 2, 2024 Common Stock 4.88K $333.94 Direct F8
holding CACC Employee Stock Option (right to buy) 15.5K Feb 2, 2024 Common Stock 15.5K $454.11 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 $582.08 to $582.57, 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 $583.77 to $584.65, inclusive.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $585.55 to $586.46, inclusive.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $586.59 to $587.55, inclusive.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $587.61 to $588.58, inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $588.61 to $589.16, inclusive.
F7 Held in the Credit Acceptance Stock Fund of the Credit Acceptance Corporation 401(k) Profit Sharing Plan and Trust as of February 2, 2024, according to the Plan trustee.
F8 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.
F9 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.