[144] Credit Acceptance Corp SEC Filing

Rhea-AI Filing Summary

Credit Acceptance Corp (CACC) submitted a Form 144 notice reporting a proposed sale of 6,000 common shares through Fidelity Brokerage Services on the NASDAQ with an aggregate market value of $3,012,000. The filing lists 11,237,661 shares outstanding for the class, so the proposed sale represents roughly 0.053% of that total. The securities are tied to an option granted on 12/30/2020 and show an acquisition/exercise date of 08/25/2025, with cash payment noted. The filer states there are no securities sold in the past three months and certifies no undisclosed material adverse information.

Positive

• Form 144 filed disclosing the planned sale of 6,000 common shares, which demonstrates regulatory compliance and transparency.
• Sale tied to an option exercise (option granted 12/30/2020), indicating the transfer arises from an established equity compensation event rather than an unexplained disposition.

Negative

• None.

Insights

Securities Analyst

TL;DR: Small insider sale notice tied to option exercise; unlikely to be materially market-moving given size relative to shares outstanding.

The Form 144 discloses a planned sale of 6,000 CACC shares valued at $3.01 million executed through a broker on NASDAQ and linked to an option originally granted in 2020. Relative to the reported 11.24 million shares outstanding for the class, the transaction is immaterial in share percentage terms (about 0.053%). No sales in the prior three months are reported, which reduces the likelihood this is part of a larger, ongoing disposition. The filing satisfies disclosure requirements under Rule 144 but provides no additional context on insider intent beyond the standard certification of no undisclosed material information.

Corporate Governance Expert

TL;DR: The filing documents compliance with resale rules and ties the sale to option exercise; governance implications appear routine.

This notice indicates an insider or affiliated person is selling shares acquired via an option grant (12/30/2020) with exercise/acquisition noted as 08/25/2025 and cash payment. The signature statement affirms no undisclosed material information and mentions Rule 10b5-1 trading plans if applicable, but no plan date is provided. From a governance perspective, the filing is standard disclosure of a controlled sale; it does not allege any governance concern or unusual transfer structure based on the information supplied.

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	6000	3012000.00	11237661	08/25/2025	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	08/25/2025	Option Granted - 12/30/2020	Issuer			6000	08/25/2025	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

Nothing to Report

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 CACC Form 144 report say about the number of shares being sold?

The filing reports a proposed sale of 6,000 common shares.

How much is the aggregate market value of the shares in the CACC Form 144?

The aggregate market value is reported as $3,012,000.00.

When is the approximate date of the proposed sale reported in the CACC filing?

The approximate date of sale is listed as 08/25/2025.

What is the acquisition source for the securities being sold in the CACC Form 144?

The securities are shown as acquired via an option granted on 12/30/2020, with the acquisition/exercise date 08/25/2025.

Does the Form 144 indicate any securities sold by the filer in the past three months?

The filing states "Nothing to Report" for securities sold during the past three months.