[144] Credit Acceptance Corp SEC Filing
Form 144 Notice: The filing shows a proposed sale of 1,505 shares of common stock through Fidelity Brokerage Services LLC, with an aggregate market value of $763,429.66 and 11,237,661 shares outstanding. The approximate date of sale is listed as 08/22/2025. The securities were recorded as acquired on 08/22/2025 by an option granted on 12/30/2020, with cash listed as the form of payment. The filing also discloses a sale during the past three months by Daniel A. Ulatowski of 6,356 shares on 06/11/2025 for $3,318,855.95. The broker for the proposed sale is Fidelity Brokerage Services LLC, and the securities exchange is NASDAQ. The notice includes the required representation that the seller does not possess undisclosed material adverse information.
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Insights
TL;DR Routine Rule 144 notice for a modest share sale; no additional material disclosures beyond sale logistics.
This Form 144 reports a proposed sale of 1,505 common shares via Fidelity with an aggregate market value of $763,429.66 and a listed sale date of 08/22/2025. The shares were acquired pursuant to an option originally granted on 12/30/2020 and recorded as acquired on 08/22/2025, with cash payment noted. A prior sale by Daniel A. Ulatowski on 06/11/2025 of 6,356 shares for $3,318,855.95 is also disclosed. The filing contains the standard certification regarding absence of undisclosed material adverse information. There are no earnings, transaction terms beyond quantity/value, or governance changes disclosed to suggest broader company impact.
TL;DR Disclosure is procedural and complies with Rule 144 format; it does not present new operational or governance information.
The document provides the broker name, share counts, market value, acquisition method (option grant) and payment type (cash). It also lists outstanding shares and the exchange (NASDAQ). The signature/representation language is present as required. Absent are identifying details for the person for whose account the current proposed sale is to be made and any discussion of trading plans; therefore the filing remains a narrow disclosure of a proposed securities disposition rather than a material corporate event.