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Filing Details

Accession Number:: 0000885550-24-000131
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-12-05 16:10:31
Reporting Period:: 2023-03-09

Accepted Time:: 2024-12-05 16:10:31
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
885550	Credit Acceptance Corp	CACC	Personal Credit Institutions (6141)	381999511

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1916755	A Wendy Rummler	25505 West Twelve Mile Road Southfield MI 48034	Chief People Officer	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2023-03-09	1,834	$430.12	0	No	4	S	Direct
Common Stock	Acquisiton	2024-12-03	20,772	$0.00	20,772	No	4	A	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	A	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	2,704	Indirect	By trust.
Common Stock	1,722	Indirect	By trust.

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Employee Stock Option (right to buy)	$333.94	2026-12-30	16,250	16,250	Direct
Common Stock	Employee Stock Option (right to buy)	$468.67	2028-10-06	10,000	10,000	Direct
Common Stock	Employee Stock Option (right to buy)	$390.39	2027-04-28	1,250	1,250	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2026-12-30	16,250	16,250	Direct
2028-10-06	10,000	10,000	Direct
2027-04-28	1,250	1,250	Direct

Footnotes

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.
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.
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 commonstock of Credit Acceptance Corporation.
These shares are owned of record by Kevin Rummler, spouse of Wendy A. Rummler, as trustee of the Kevin Rummler Revocable Trust.
These shares are owned of record by Wendy A. Rummler, as trustee of the Wendy A. Rummler Revocable Trust.
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.
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.
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.