CACC insider files Form 144 to sell 20,000 founder shares via Goldman Sachs

Rhea-AI Filing Summary

Form 144 notice shows a proposed sale of 20,000 shares of common stock through Goldman Sachs & Co. LLC with an aggregate market value of $9,857,400. The shares represent founder stock acquired on 07/19/1972 and are split into two entries of 10,000 shares each, both described as issued for services rendered. The filing lists 11,237,661 shares outstanding, and the approximate sale date is 10/09/2025. The filer certifies they are not aware of undisclosed material adverse information and indicates no sales of these securities in the past three months.

Positive

• Sale size is small relative to outstanding shares: 20,000 of 11,237,661 (~0.18%)
• Brokered through a major dealer: transaction routed via Goldman Sachs & Co. LLC
• Securities were long-held founder shares acquired on 07/19/1972, indicating no recent insider grants

Negative

• Insider intends to sell founder shares, which may be viewed negatively by some investors despite small size
• Form does not confirm execution; approximate sale date is 10/09/2025, so actual disposition is pending

Insights

Insider Transaction Analyst

Insider proposes a small founder-stock sale scheduled for 10/09/2025.

The filing documents a proposed sale of 20,000 founder shares via Goldman Sachs with an aggregate market value of $9,857,400. These shares were acquired on 07/19/1972 as compensation for services, and the filing reports 11,237,661 shares outstanding.

As written, the sale equals about 0.18% of outstanding stock (20,000/11,237,661). The primary risk is straightforward: this is a notice of intent to sell and does not confirm execution. Watch the 10/09/2025 approximate sale date for actual transaction filings that would show completed dispositions.

Corporate Governance Specialist

Filing uses standard Rule 144 disclosures and includes the required signer representation.

The filer affirms no undisclosed material adverse information and notes no related sales in the prior three months. The two equal founder-share entries indicate the shares originated from the issuer as compensation.

Key dependencies are the timing and whether a trading plan exists; the form references Rule 10b5-1 compliance language but does not provide plan dates. Investors should monitor subsequent Form 4 or Form 144 amendments around 10/09/2025 for execution details within days after the approximate sale date.

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 Stock	Goldman Sachs & Co. LLC 200 West Street New York NY 10282	20000	9857400	11237661	10/09/2025	NASD

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 Stock	07/19/1972	Founder Shares	Issuer			10000	07/19/1972	For services rendered
Common Stock	07/19/1972	Founder Shares	Issuer			10000	07/19/1972	For services rendered

* 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

Nothing to Report

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 did CREDIT ACCEPTANCE CORP (CACC) disclose in this Form 144?

The filing reports a proposed sale of 20,000 common shares through Goldman Sachs with aggregate market value $9,857,400 and an approximate sale date of 10/09/2025.

How much of the company do the 20,000 shares represent for CACC?

The filing lists 11,237,661 shares outstanding; 20,000 shares equal roughly 0.18% of outstanding stock.

When were the shares being sold originally acquired?

Both entries show the shares were acquired on 07/19/1972 as founder shares issued for services rendered.

Does this Form 144 confirm the sale took place?

No. This is a notice of proposed sale under Rule 144; the filing gives an approximate sale date 10/09/2025 but does not confirm execution.

Were there any sales of these securities in the past three months?

The filing states Nothing to Report for securities sold during the past three months.