[144] CREDIT ACCEPTANCE CORP SEC Filing
CREDIT ACCEPTANCE CORP (CACC) Form 144 notice reports a proposed sale of 4,000 common shares through Fidelity Brokerage Services on the NASDAQ with an approximate aggregate market value of $2,026,362. The filing lists 11,237,661 shares outstanding for the class and an approximate sale date of 09/18/2025. The securities were acquired under an option granted on 12/30/2020, and payment is shown as cash on 09/18/2025. The filer reports no other sales in the past three months and includes the standard signature representation that no material nonpublic information is known.
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Insights
TL;DR: Routine insider sale notice of 4,000 shares; appears immaterial relative to total float.
The Form 144 documents a proposed sale of 4,000 common shares via a registered broker with an aggregate market value of $2,026,362. The shares were acquired via an option granted on 12/30/2020 and are scheduled for sale on 09/18/2025 for cash. There are no reported sales in the prior three months. From a securities-transaction standpoint this is a standard Rule 144 notification required for certain restricted or control securities being sold into the market; the filing includes the customary representation regarding material nonpublic information.
TL;DR: Procedural disclosure consistent with Rule 144; no governance red flags presented in this notice.
The notice shows the seller relied on an option grant (12/30/2020) to transfer 4,000 shares through a broker on NASDAQ. The filing contains the standard attestation about lack of undisclosed material information and indicates no other covered sales in the past three months. There are no statements here about board or executive changes, restrictions, or unusual transfer conditions, so governance implications appear minimal based on the information provided.