[144] Credit Acceptance Corp SEC Filing

Rhea-AI Filing Summary

Form 144 notice for Credit Acceptance Corp (CACC) reports a proposed sale of 1,000 common shares through Fidelity Brokerage Services on NASDAQ with an aggregate market value of $523,494.80. The filer states there are 11,237,661 shares outstanding for the class. The shares to be sold were acquired as an option granted on 12/30/2020 and are recorded as acquired on 09/05/2025, with payment made in cash. The filing also discloses recent sales by Douglas W. Busk totaling 4,500 common shares in August 2025 for combined gross proceeds of $2,212,064.40. The notice contains the standard representation that the seller is not aware of undisclosed material adverse information about the issuer.

Positive

• Required disclosure provided with broker, exchange, acquisition details and past sales, supporting regulatory transparency
• Shares acquired via option grant and paid in cash, indicating routine exercise/settlement mechanics

Negative

• Insider selling activity totaling 4,500 shares in August 2025 plus a proposed 1,000-share sale could be viewed as increased insider dispositions

Insights

Securities Analyst

TL;DR: Insider sale notice: 1,000 shares proposed; prior August sales totaled 4,500 shares; transaction executed via Fidelity on NASDAQ.

This Form 144 documents a permitted sale by an insider or affiliated person of Credit Acceptance Corp common stock. The current proposed sale is modest in absolute dollar terms ($523k) relative to typical market-cap levels, but when combined with August dispositions (4,500 shares, $2.21m proceeds), it shows recent insider selling activity. The shares were acquired via option granted in 2020 and paid in cash on the stated sale date, indicating an exercised award or plan-driven disposition rather than an open-market opportunistic purchase. The filing includes the routine legal representation regarding material undisclosed information.

Corporate Governance Expert

TL;DR: Routine Rule 144 disclosure documenting sale mechanics and past insider sales; no new governance issues disclosed.

The submission provides required transparency on the mechanics: broker name and address (Fidelity Brokerage Services LLC), exchange (NASDAQ), and nature of acquisition (option grant dated 12/30/2020). It explicitly lists past sales by an identified individual with dates and proceeds, meeting disclosure obligations. The filing does not disclose any material adverse information or governance changes. Documentation appears procedural and compliant with Rule 144 notice requirements.

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	1000	523494.80	11237661	09/05/2025	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	09/05/2025	Option Granted 12/30/2020	Issuer			1000	09/05/2025	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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Douglas W. Busk 25505 W. Twelve Mile Road Southfield, MI 48034-8339	Common	08/13/2025	3000	1446704.40
Douglas W. Busk 25505 W. Twelve Mile Road Southfield MI 48034-833	Common	08/26/2025	1500	765360.00

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 Form 144 filed for CACC disclose?

The filing discloses a proposed sale of 1,000 common shares via Fidelity on NASDAQ valued at $523,494.80, with shares acquired by an option granted 12/30/2020 and paid in cash.

Who previously sold CACC shares recently according to this filing?

Douglas W. Busk sold 3,000 shares on 08/13/2025 for $1,446,704.40 and 1,500 shares on 08/26/2025 for $765,360.00.

What broker and exchange are being used for the proposed CACC sale?

The proposed sale lists Fidelity Brokerage Services LLC and names NASDAQ as the securities exchange.

How many shares outstanding does the Form 144 report for the class?

The filing reports 11,237,661 shares outstanding for the class of common stock.

Does the filing state any undisclosed material adverse information about CACC?

The signer represents they do not know of any material adverse information