Credit Acceptance (CACC) Insider Notice: 4,000 Shares to Be Sold via Fidelity

Rhea-AI Filing Summary

Form 144 for Credit Acceptance Corp (CACC) reports a proposed sale of 4,000 common shares through Fidelity Brokerage Services with an aggregate market value of $2,088,000, listed on NASDAQ and an approximate sale date of 09/11/2025. The filer acquired these shares by exercising an option cash on 09/11/2025. The filing also discloses three prior sales by the same person, Daniel A. Ulatowski, totaling 9,...00 shares sold for gross proceeds of $5,319,145.65 on 06/11/2025, 08/22/2025, and 08/25/2025. The notice includes the standard representation that the signer knows of no undisclosed material adverse information.

Positive

• None.

Negative

• Planned insider sale of 4,000 shares valued at $2,088,000, increasing near-term share supply.
• Recent significant dispositions by the same person totaling 9,...00 shares for $5,319,145.65 in the past three months.

Insights

Securities Analyst

TL;DR: Insider plans to sell newly exercised shares; prior substantial sales occurred this quarter, indicating notable insider liquidity.

The filing documents an option exercise followed by a proposed sale of 4,000 common shares valued at $2,088,000. The seller previously disposed of 6,356, 1,505, and 2,139 shares on 06/11/2025, 08/22/2025, and 08/25/2025 for combined gross proceeds of $5,319,145.65. From a market-impact perspective, the planned sale is a non-automated Rule 144 notice tied to an option exercise rather than an open-market program disclosed here. This activity increases float available for trading in the near term and is relevant for short-term supply dynamics.

Compliance / Risk Analyst

TL;DR: Filing appears procedurally complete; includes required declaration about undisclosed material information.

The Form 144 provides the required acquisition details

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	4000	2088000.00	11237661	09/11/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/11/2025	Option Granted - 12/30/2020	Issuer			4000	09/11/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Daniel A. Ulatowski 25505 W. Twelve Mile Road Southfield MN 48034-8339	Common	06/11/2025	6356	3318855.95
Daniel A. Ulatowski 25505 W. Twelve Mile Road Southfield MN 48034-8339	Common	08/22/2025	1505	763429.61
Daniel A. Ulatowski 25505 W. Twelve Mile Road Southfield MN 48034-8339	Common	08/25/2025	2139	1088860.09

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does Credit Acceptance Corp's (CACC) Form 144 report?

The Form 144 reports a proposed sale of 4,000 common shares via Fidelity with aggregate market value of $2,088,000 and an approximate sale date of 09/11/2025.

How were the shares acquired that are being sold under the Form 144 for CACC?

The shares were acquired by exercising an option: option granted on 12/30/2020 and the acquisition date is shown as 09/11/2025; payment method listed as cash.

Has the same person sold CACC shares recently?

Yes. Daniel A. Ulatowski sold 6,356 shares on 06/11/2025, 1,505 shares on 08/22/2025, and 2,139 shares on 08/25/2025, with combined gross proceeds of $5,319,145.65.

What exchange and broker are involved in the proposed sale?

The shares are listed on NASDAQ and the broker named is Fidelity Brokerage Services LLC at the Smithfield RI address provided.

Does the Form 144 include any statement about undisclosed material information?

Yes. The filer represents by signing the notice that they do not know any material adverse information about the issuer that has not been publicly disclosed.