Arthur L. Smith - 29 Feb 2024 Form 4 Insider Report for CREDIT ACCEPTANCE CORP (CACC)

Role
Chief Analytics Officer
Signature
/s/ Arthur L. Smith
Issuer symbol
CACC
Transactions as of
29 Feb 2024
Net transactions value
-$2,753,451
Form type
4
Filing time
04 Mar 2024, 16:18:37 UTC
Previous filing
16 Nov 2023
Next filing
05 Dec 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 Options Exercise $1,261,291 +3,777 +755% $333.94 4,277 29 Feb 2024 Direct
transaction CACC Common Stock Sale $1,027,394 -1,854 -43% $554.15 2,423 29 Feb 2024 Direct F1
transaction CACC Common Stock Sale $1,067,765 -1,923 -79% $555.26 500 29 Feb 2024 Direct F2
transaction CACC Common Stock Options Exercise $2,912,959 +8,723 +1745% $333.94 9,223 01 Mar 2024 Direct
transaction CACC Common Stock Sale $4,832,542 -8,723 -95% $554.00 500 01 Mar 2024 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
transaction CACC Employee Stock Option (right to buy) Options Exercise $0 -3,777 -7.6% $0.000000 46,223 29 Feb 2024 Common Stock 3,777 $333.94 Direct F3
transaction CACC Employee Stock Option (right to buy) Options Exercise $0 -8,723 -19% $0.000000 37,500 01 Mar 2024 Common Stock 8,723 $333.94 Direct F3
* 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 $554.00 to $554.89, 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 $555.09 to $555.72, inclusive.
F3 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.