Credit Acceptance ex-director plans $6.16M sale

Former director Kenneth S. Booth files a Rule 144 notice to sell 10,000 CACC shares tied to a stock option exercise, after several recent sales.

Rhea-AI Filing Summary

CREDIT ACCEPTANCE CORP (CACC) received a Rule 144 notice that former director Kenneth S. Booth intends to sell common stock. The notice covers 10,000 shares of common stock to be sold through Fidelity Brokerage Services LLC in connection with a stock option exercise on September 3, 2026, for stock valued at $6,157,500. The notice also lists prior open-market sales of common stock by Booth during the preceding three months.

Key Figures

Shares to be sold: 10,000 shares Reported value of shares: $6,157,500 Sale on August 6, 2026: 2,457 shares; $1,512,924.11 +3 more

6 metrics

Shares to be sold 10,000 shares Common stock covered by the Rule 144 notice for planned sale

Reported value of shares $6,157,500 Value associated with the 10,000 CACC common shares in the securities information section

Sale on August 6, 2026 2,457 shares; $1,512,924.11 Common stock sold by Kenneth S. Booth during the prior three months

Sale on August 21, 2026 3,953 shares; $2,365,817.00 Common stock sold by Kenneth S. Booth during the prior three months

Sale on September 2, 2026 2,500 shares; $1,510,000.00 Common stock sold by Kenneth S. Booth during the prior three months

Planned transaction date September 3, 2026 Date of stock option exercise and planned sale for the 10,000 shares

Key Terms

Rule 144, stock option exercise, attorney-in-fact

3 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

stock option exercise financial

"Common | 09/03/2026 | Stock Option Exercise | Issuer"

A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.

attorney-in-fact regulatory

"as attorney-in-fact for Kenneth S. Booth"

An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing disclose for CREDIT ACCEPTANCE CORP (CACC)?

It discloses that former director Kenneth S. Booth has filed a Rule 144 notice to sell 10,000 shares of CREDIT ACCEPTANCE CORP common stock in connection with a stock option exercise dated September 3, 2026, through Fidelity Brokerage Services LLC.

How many CACC shares does Kenneth S. Booth plan to sell under this Rule 144 notice?

Kenneth S. Booth plans to sell 10,000 shares of CREDIT ACCEPTANCE CORP common stock. The filing ties this sale to a stock option exercise with a transaction date of September 3, 2026 and indicates the shares are held at Fidelity Brokerage Services LLC.

What is the reported value of the CACC shares covered by this Form 144?

The Form 144 lists $6,157,500 as the value associated with the 10,000 shares of CREDIT ACCEPTANCE CORP common stock to be sold. This figure appears in the securities information section alongside the share amount and planned transaction date.

What recent CACC stock sales by Kenneth S. Booth are disclosed?

The notice lists three past sales of CACC common stock: 2,457 shares for $1,512,924.11 on August 6, 2026; 3,953 shares for $2,365,817.00 on August 21, 2026; and 2,500 shares for $1,510,000.00 on September 2, 2026.

Where will the CACC shares covered by the Form 144 be sold?

The filing indicates the 10,000 shares of CREDIT ACCEPTANCE CORP common stock are expected to be sold on the NASDAQ market. The broker listed is Fidelity Brokerage Services LLC, which holds the shares for the account of Kenneth S. Booth.

What is the nature of the transaction triggering the planned CACC share sale?

The planned sale of 10,000 CACC shares is linked to a stock option exercise with the issuer, with the consideration described as cash and a transaction date of September 3, 2026, as shown in the securities-to-be-sold section.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/03/2026 - 05:38 PM EDT Accepted by SEC EDGAR 09/03/2026 - 05:06 PM EDT Learn about SEC filing dates

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	0001300069
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	CREDIT ACCEPTANCE CORP
SEC File Number	000-20202
Address of Issuer	25505 WEST TWELVE MILE ROAD SOUTHFIELD MICHIGAN 48034-8334
Phone	2483532700
Name of Person for Whose Account the Securities are To Be Sold	Booth Kenneth
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	Former Director

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	10000	6157500.00	10380580	09/03/2026	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	09/03/2026	Stock Option Exercise	Issuer			10000	09/03/2026	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
Kenneth S. Booth 25505 W. Twelve Mile Road Southfield MI 48034-8339	Common	08/06/2026	2457	1512924.11
Kenneth S. Booth 25505 W. Twelve Mile Road Southfield MI 48034-8339	Common	08/21/2026	3953	2365817.00
Kenneth S. Booth 25505 W. Twelve Mile Road Southfield MI 48034-8339	Common	09/02/2026	2500	1510000.00

144: Remarks and Signature

Remarks
Date of Notice	09/03/2026
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	/s/ Joshua Schmitt, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Kenneth S. Booth.
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)