CACC Form 144: Insider sales and option exercise

Company CACC Form 144 notice reports multiple open-market dispositions by Erin J. Kerber and a stock option exercise recorded through Fidelity Brokerage Services LLC.

Rhea-AI Filing Summary

Company CACC Form 144 notice reports multiple open-market dispositions by Erin J. Kerber and a stock option exercise recorded through Fidelity Brokerage Services LLC. The disclosed sales list specific dates, share counts, and gross proceeds for transactions between 05/06/2026 and 06/17/2026.

Insights

Corporate Governance Specialist

Routine Form 144 disclosures of insider sales and an option exercise.

The filing lists several small open-market sales by Erin J. Kerber on discrete dates with per-trade share counts and gross proceeds. These appear as routine dispositions reported under Rule 144 rather than a single large block sale.

Timing and motive are not stated; subsequent SEC reports or company filings may provide additional context such as relation to option exercises or tax withholdings.

Key Figures

Sale on 05/29/2026: 3,485 shares Gross proceeds (05/29/2026): $2,009,045.00 Sale on 05/06/2026: 1,753 shares +3 more

6 metrics

Sale on 05/29/2026 3,485 shares 05/29/2026 trade by Erin J. Kerber

Gross proceeds (05/29/2026) $2,009,045.00 proceeds reported for 3,485-share sale

Sale on 05/06/2026 1,753 shares 05/06/2026 trade by Erin J. Kerber

Gross proceeds (05/18/2026) $1,051,227.48 proceeds reported for 1,903-share sale

Option exercise date 06/24/2026 Stock Option Exercise reported through Fidelity

Small sale on 06/17/2026 2 shares 06/17/2026 trade by Erin J. Kerber

Key Terms

Form 144, Stock Option Exercise, Gross proceeds

3 terms

Form 144 regulatory

"Form 144 notice reports multiple open-market dispositions"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Stock Option Exercise financial

"Stock Option Exercise on 06/24/2026 through Fidelity Brokerage"

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.

Gross proceeds financial

"each transaction line lists gross proceeds in dollars"

The total amount of cash a company receives from a financing event or sale before any fees, expenses, taxes or deductions are taken out. Investors watch gross proceeds because it shows the raw scale of new capital being raised—think of it as the paycheck amount before withholdings—which helps assess how much funding is available for operations, growth, debt payoff or how much shareholder dilution might occur once costs are removed.

FAQ

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

What does the CACC Form 144 filing show about Erin J. Kerber?

It shows multiple reported sales of Common Stock by Erin J. Kerber between 05/06/2026 and 06/17/2026. The filing lists individual trade dates, share counts (for example 1,753; 1,903; 3,485) and gross proceeds in dollars for each transaction.

Was there an option exercise reported in this CACC filing?

Yes, the excerpt records a "Stock Option Exercise" on 06/24/2026 through Fidelity Brokerage Services LLC. The filing indicates the exercise relates to Common Stock and that cash was used, without additional pricing or net-share details in the provided text.

Do the Form 144 entries state who received the sale proceeds?

The provided excerpt lists gross proceeds per transaction but does not state the recipient party beyond the reporting person. It records amounts such as $2,009,045.00 for a 05/29/2026 sale; cash-flow recipients are not otherwise identified in the excerpt.

Are the reported sales large enough to change ownership materially?

The filing lists several modest sales (hundreds to a few thousand shares each). The excerpt does not include total post-transaction holdings or shares outstanding, so materiality relative to total ownership cannot be assessed from the provided text.

Where were the transactions executed as shown in the filing?

The excerpt identifies Fidelity Brokerage Services LLC at 900 Salem Street, Smithfield RI, as the broker for a 06/24/2026 entry. Individual prior sales are recorded with dates and proceeds but the execution venue for each trade is not specified in the provided lines.

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

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Accepted by SEC EDGAR 06/24/2026 - 04:38 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	0001871883
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	KERBER ERIN J
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	Officer

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	8656	5201750.12	10460071	06/24/2026	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	06/24/2026	Stock Option Exercise	Issuer			8656	06/24/2026	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
Erin J. Kerber 25505 W. Twelve Mile Road Southfield MI 48034-8339	Common	05/06/2026	1753	967002.83
Erin J. Kerber 25505 W. Twelve Mile Road Southfield MI 48034-8339	Common	05/18/2026	1903	1051227.48
Erin J. Kerber 25505 W. Twelve Mile Road Southfield MI 48034-8339	Common	05/29/2026	3485	2009045.00
Erin J. Kerber 25505 W. Twelve Mile Road Southfield MI 48034-8339	Common	06/01/2026	61	35090.04
Erin J. Kerber 25505 W. Twelve Mile Road Southfield MI 48034-8339	Common	06/08/2026	22	12719.30
Erin J. Kerber 25505 W. Twelve Mile Road Southfield MI 48034-8339	Common	06/09/2026	32	18422.68
Erin J. Kerber 25505 W. Twelve Mile Road Southfield MI 48034-8339	Common	06/15/2026	27	0.00
Erin J. Kerber 25505 W. Twelve Mile Road Southfield MI 48034-8339	Common	06/16/2026	27	15604.63
Erin J. Kerber 25505 W. Twelve Mile Road Southfield MI 48034-8339	Common	06/17/2026	2	1157.63

144: Remarks and Signature

Remarks
Date of Notice	06/24/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	08/18/2025
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/Wade Moss, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Erin J. Kerber
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)