[144] Credit Acceptance Corp SEC Filing

Rhea-AI Filing Summary

Credit Acceptance Corp. (CACC) – Form 144 filing

Prescott Associates L.P. intends to sell up to 42,329 common shares of CACC, worth roughly $22.4 million, through Fidelity Brokerage on or after 2 July 2025 on the NASDAQ. The stake equals about 0.36 % of the 11.6 million shares outstanding.

The same holder disposed of 53,596 shares in three transactions during May 2025, receiving $26.6 million in gross proceeds. Combined, the recent and proposed sales total nearly 95,925 shares (≈0.83 % of shares outstanding) within two months, signalling a continued reduction in position.

The shares being sold were originally acquired on the open market in 1997–1998. No additional operating or financial data accompany the notice; Form 144 strictly discloses the proposed insider sale required under SEC Rule 144.

Positive

• None.

Negative

• Proposed sale of 42,329 shares ($22.4 M) continues insider divestment, totalling ~95,925 shares since May 2025.
• Clustered insider selling may exert short-term price pressure and be interpreted as reduced confidence in CACC's near-term outlook.

Insights

Securities Analyst

TL;DR: Insider seeks to unload $22 M in stock after $26 M sold last month, adding supply and potentially pressuring CACC sentiment.

The filing shows persistent divestment by Prescott Associates, a related holder, totalling nearly $49 million within two months. While 0.83 % of shares outstanding is not overwhelming, clustered insider selling can dent investor confidence, particularly without offsetting bullish disclosures. Execution via NASDAQ could create incremental liquidity pressure near the July window. I view the development as modestly negative for near-term price action.

Corporate Governance Expert

TL;DR: Routine Rule 144 notice; sale size small relative to float but adds to recent insider activity.

The transaction follows regulatory protocol, indicating transparency rather than stealth selling. At <0.4 % of shares, the sale alone is immaterial to control or voting power. However, aggregated with May trades it highlights a pattern insiders must justify to shareholders. Absent any stated adverse information, the governance impact is neutral, yet investors should monitor for further disposals.

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 245 Summer Street Boston MA 02210-1133	42329	22409395.89	11603475	07/02/2025	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	12/24/1997	Purchase in open market	Purchase in open market			22603	12/24/1997	Not applicable
Common	01/29/1998	Purchase in open market	Purchase in open market			19726	01/29/1998	Not applicable

* 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
PRESCOTT ASSOCIATES L.P. 2200 BUTTS ROAD SUITE 320 BOCA RATON FL 33431	Common	05/07/2025	23049	11412060.85
PRESCOTT ASSOCIATES L.P. 2200 BUTTS ROAD SUITE 320 BOCA RATON FL 33431	Common	05/08/2025	18710	9259033.44
PRESCOTT ASSOCIATES L.P. 2200 BUTTS ROAD SUITE 320 BOCA RATON FL 33431	Common	05/12/2025	11837	5916271.13

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

How many Credit Acceptance (CACC) shares are being proposed for sale?

42,329 common shares are listed for sale under this Form 144.

What is the estimated value of the proposed CACC share sale?

The filing lists an aggregate market value of approximately $22.4 million.

What percentage of CACC's shares outstanding does 42,329 shares represent?

It equals about 0.36 % of the 11.6 million shares outstanding.

When is the earliest date the CACC shares can be sold?

The approximate sale date stated is July 2, 2025.

Have there been recent insider sales of CACC stock?

Yes. Prescott Associates sold 53,596 shares in May 2025 for $26.6 million in proceeds.

Which broker will handle the proposed CACC sale?

The broker of record is Fidelity Brokerage Services LLC.