Wendy A. Rummler - Mar 9, 2023 Form 4 Insider Report for CREDIT ACCEPTANCE CORP (CACC)

Role: Chief People Officer
Signature: /s/ Wendy A. Rummler
Stock symbol: CACC
Transactions as of: Mar 9, 2023
Transactions value $: -$788,840
Form type: 4
Date filed: 12/5/2024, 04:10 PM
Previous filing: Feb 6, 2023
Next filing: Jan 2, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CACC	Common Stock	Sale	-$789K	-1.83K	-100%	$430.12	0	Mar 9, 2023	Direct	F1
transaction	CACC	Common Stock	Award	$0	+20.8K		$0.00	20.8K	Dec 3, 2024	Direct	F2, F3
holding	CACC	Common Stock						2.7K	Mar 9, 2023	By trust.	F4
holding	CACC	Common Stock						1.72K	Mar 9, 2023	By trust.	F5

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)						16.3K	Mar 9, 2023	Common Stock	16.3K	$333.94	Direct	F6
holding	CACC	Employee Stock Option (right to buy)						10K	Mar 9, 2023	Common Stock	10K	$468.67	Direct	F7
holding	CACC	Employee Stock Option (right to buy)						1.25K	Mar 9, 2023	Common Stock	1.25K	$390.39	Direct	F8

* 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 $429.77 to $430.66, 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	These restricted stock units, which vest over a ten-year period, are intended to provide incentive compensation to the reporting person for 2025 through 2034, with no additional equity awards anticipated to be granted to the reporting person prior to the end of the ten-year period except in certain circumstances including significant changes in performance, responsibility, or market conditions.
F3	Comprised of 20,772 unvested restricted stock units that were granted under the Company's Incentive Compensation Plan. Each restricted stock unit represents and has a value equal to one share of common stock of Credit Acceptance Corporation.
F4	These shares are owned of record by Kevin Rummler, spouse of Wendy A. Rummler, as trustee of the Kevin Rummler Revocable Trust.
F5	These shares are owned of record by Wendy A. Rummler, as trustee of the Wendy A. Rummler Revocable Trust.
F6	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.
F7	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.
F8	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.