Jill Foss Watson - Feb 9, 2022 Form 4 Insider Report for CREDIT ACCEPTANCE CORP (CACC)

Role: 10%+ Owner
Signature: /s/ Bradley J. Wyatt, Attorney-in-Fact
Stock symbol: CACC
Transactions as of: Feb 9, 2022
Transactions value $: -$26,000,000
Form type: 4
Date filed: 3/3/2022, 04:44 PM
Previous filing: Aug 17, 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CACC	Common Stock	Exercise of in-the-money or at-the-money derivative security	-$19.5M	-39K	-13.44%	$500.00	251K	Feb 15, 2022	See Footnote (1)
transaction	CACC	Common Stock	Exercise of in-the-money or at-the-money derivative security	-$6.5M	-13K	-12.39%	$500.00	91.9K	Feb 9, 2022	See Footnote (2)

Showing 1 to 2 of 2 entries

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	Call Option (Obligation to Sell)	Exercise of in-the-money or at-the-money derivative security	$0	-390	-100%	$0.00^*	0	Feb 15, 2022	Common Stock	39K	$500.00	See Footnote	F1
transaction	CACC	Call Options (Obligation to Sell)	Exercise of in-the-money or at-the-money derivative security	$0	-130	-100%	$0.00^*	0	Feb 9, 2022	Common Stock	13K	$500.00	See Footnote	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares are owned of record by Jill Foss Watson, as Trustee of the Karol A. Foss Irrevocable Grandchildren's Trust and of the Issue Trusts.
F2	These shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson Living Trust.