Executive Board Member Booth Kenneth was granted 135 shares, exercised 8,000 shares at a strike of $333.94, sold $4,032,000 worth of shares (8,000 units at $504.00) and covered exercise/tax liability with 1,391 shares, decreasing direct ownership by 59% to 28,051 units (SEC Form 4)
$CACC
Finance: Consumer Services
Finance
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
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Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | ||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
CREDIT ACCEPTANCE CORP [ CACC ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 01/30/2026 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 01/30/2026 | M | 4,000 | A | $333.94 | 72,116 | D | |||
| Common Stock | 01/30/2026 | S | 4,000 | D | $494 | 68,116 | D | |||
| Common Stock | 01/31/2026 | F | 1,390.6(1) | D | $498.24 | 66,725.4 | D | |||
| Common Stock | 02/01/2026 | A | 135 | A | $0 | 28,051.4(2) | D | |||
| Common Stock | 02/02/2026 | M | 4,000 | A | $333.94 | 32,051.4 | D | |||
| Common Stock | 02/02/2026 | S | 4,000 | D | $514 | 28,051.4 | D | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Employee Stock Option (right to buy) | $333.94 | 01/30/2026 | M | 4,000 | 12/30/2024 | 12/30/2026 | Common Stock | 4,000 | $0 | 42,000 | D | ||||
| Employee Stock Option (right to buy) | $333.94 | 02/02/2026 | M | 4,000 | 12/30/2024 | 12/30/2026 | Common Stock | 4,000 | $0 | 38,000 | D | ||||
| Employee Stock Option (right to buy) | $390.39 | 04/28/2025 | 01/31/2028(3) | Common Stock | 110,000 | 110,000 | D | ||||||||
| Explanation of Responses: |
| 1. Shares withheld to satisfy tax withholding obligations in conjunction with the vesting and settlement of restricted stock units to shares of common stock. |
| 2. Number of shares reflects the reporting person's forfeiture of 38,809 unvested restricted stock units upon the reporting person's retirement as an officer and employee of the issuer effective January 31, 2026. |
| 3. As a result of the reporting person's retirement as an officer and employee of the issuer effective January 31, 2026, pursuant to the terms of the stock option, the expiration date changed from April 28, 2031 (the tenth anniversary of the date of the option grant) to January 31, 2028 (two years after termination of the reporting person's employment with the issuer). |
| Remarks: |
| /s/ Kenneth S. Booth | 02/03/2026 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||