[144] Credit Acceptance Corp SEC Filing

Rhea-AI Filing Summary

Form 144 notice for CACC insider sale. The filing reports that Douglas W. Busk intends to sell 1,500 shares of Common stock through Fidelity Brokerage Services LLC on or about 08/26/2025 on NASDAQ, with an aggregate market value listed as $765,360.00. The filing states these shares were acquired as an option granted 12/30/2020 and shows a date acquired of 08/26/2025; payment is indicated as cash. The form also discloses a recent sale by the same person of 3,000 shares on 08/13/2025 for gross proceeds of $1,446,704.40. The filer certifies they are not aware of any undisclosed material adverse information about the issuer.

Positive

• Disclosure completeness: Broker, exchange, number of shares, approximate sale date, and aggregate market value are provided.
• Recent sales disclosed: Prior sale of 3,000 shares on 08/13/2025 with gross proceeds of $1,446,704.40 is reported, enhancing transparency.
• Source of shares identified: Shares tied to an option granted 12/30/2020, clarifying acquisition origin.

Negative

• Acquisition date inconsistency: The table lists Date Acquired as 08/26/2025 while noting an option grant on 12/30/2020, which may indicate a reporting or typographical issue.
• Insider selling activity: The filer sold 3,000 shares recently and plans to sell another 1,500 shares, which could be viewed as increased insider liquidity (fact disclosed, not interpreted).

Insights

Securities Analyst

TL;DR: Insider Douglas W. Busk plans a small scheduled sale (1,500 shares) after a recent 3,000-share sale, both disclosed via Form 144.

The filing is a routine Rule 144 notice that provides clear execution details: broker, exchange, approximate sale date, number of shares, and market value. The prior sale on 08/13/2025 totaling 3,000 shares and proceeds of $1,446,704.40 is disclosed, which offers transparency on recent insider liquidity. The documented acquisition source is an option granted on 12/30/2020, with payment noted as cash. There is an inconsistency in the reporting of acquisition date (shows 08/26/2025) that merits attention for record accuracy but does not by itself indicate undisclosed issuer issues.

Corporate Governance Expert

TL;DR: Disclosure aligns with Rule 144 mechanics; transactions appear routine and properly documented for investor transparency.

The notice contains required elements: seller identity, broker, amount, exchange, and recent sales history. The seller attests to lack of material nonpublic information and signs the attestation language. The filing reveals insider monetization of equity via option-related shares and prior sales; these are governance-relevant but not inherently adverse. The record should be checked for the noted acquisition date formatting to ensure internal compliance and auditability.

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	1500	765360.00	11237661	08/26/2025	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	08/26/2025	Option Granted - 12/30/2020	Issuer			1500	08/26/2025	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
Douglas W. Busk 25505 W. Twelve Mile Road Southfield MI 48034-8339	Common	08/13/2025	3000	1446704.40

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 the Form 144 filed for CACC disclose?

The form discloses that Douglas W. Busk intends to sell 1,500 shares of Common stock via Fidelity on or about 08/26/2025 on NASDAQ, with aggregate market value $765,360.00.

Were there any recent insider sales by the same person for CACC?

Yes. The filing shows a prior sale by Douglas W. Busk of 3,000 shares on 08/13/2025 for gross proceeds of $1,446,704.40.

What is the stated origin of the shares to be sold?

The shares are reported as acquired via an option granted on 12/30/2020, with payment for the planned sale noted as cash.

Which broker and exchange are named in the filing?

The broker is Fidelity Brokerage Services LLC (900 Salem Street, Smithfield RI) and the exchange listed is NASDAQ.

Does the filer assert knowledge of any undisclosed material information?

Yes. By signing the form the person represents they do not know any material adverse information about the issuer that has not been publicly disclosed.