[144] Credit Acceptance Corp SEC Filing
Credit Acceptance Corp. submitted a Form 144 reporting a proposed sale of common stock. The notice identifies a sale of 1,500 common shares through Fidelity Brokerage Services LLC on NASDAQ with an approximate sale date of 08/13/2025. The form lists an aggregate market value of $728,129.40 against 11,237,661 shares outstanding.
The filing records the securities as acquired via an option granted on 12/30/2020, with acquisition and payment dates shown as 08/13/2025 and cash noted as the payment method. The form indicates no securities sold in the past three months and the visible sections do not show a filer CIK or contact details.
- Transaction size is small relative to outstanding shares (1,500 of 11,237,661 ≈ 0.013%)
- Acquisition mechanics documented: securities shown as from an option granted 12/30/2020 with cash payment
- Broker and exchange specified: Fidelity Brokerage Services LLC on NASDAQ
- Filer identity and contact details are not provided in the visible sections (Filer CIK and submission contact appear blank)
- Person for whose account the securities are to be sold is not explicitly named in the issuer/person section
- Acquisition date and approximate sale date are the same (08/13/2025) in the table, which may require clarification in follow-up disclosures
Insights
TL;DR: Proposed sale of 1,500 shares is immaterial to capitalization and appears routine.
The Form 144 reports a sale of 1,500 common shares with aggregate market value $728,129.40 and 11,237,661 shares outstanding, implying the proposed sale represents roughly 0.013% of outstanding shares. The securities are shown as acquired via an option granted on 12/30/2020 and paid in cash on the stated date. From a market-impact perspective, the size of this proposed sale is unlikely to be material to CACC's market capitalization.
TL;DR: Filing provides transaction details but lacks clear filer identity and contact information.
The notice documents the broker (Fidelity Brokerage Services LLC), exchange (NASDAQ), and acquisition mechanics (option grant and cash payment). However, the visible filing sections do not display a filer CIK, filer contact name, or submission contact details, which limits transparency about who is selling and whether aggregation rules or affiliate status apply. The form does include the standard representation about no undisclosed material adverse information.