Credit Acceptance (CACC) insider files Rule 144 to sell 2,139 shares

Rhea-AI Filing Summary

Form 144 filed for Credit Acceptance Corp (CACC) indicates a proposed sale of 2,139 common shares through Fidelity Brokerage Services with an aggregate market value of $1,088,860.18, to be sold approximately on 08/25/2025 on NASDAQ. The filing shows the securities were acquired via an option granted 12/30/2020 and exercised/dated 08/25/2025 with payment in cash. The filer also disclosed two prior sales by the same person within the past three months: 6,356 shares (06/11/2025) for $3,318,855.95 and 1,505 shares (08/22/2025) for $763,429.61. The notice includes the standard representation that the seller is unaware of undisclosed material adverse information.

Insights

Financial Analyst

TL;DR: Insider sale of equity worth about $1.09M announced; prior recent sales also disclosed, but transaction size is small relative to outstanding shares.

The filing documents a Rule 144 notice for 2,139 common shares valued at $1,088,860.18 to be sold on NASDAQ. The shares were acquired via an option originally granted 12/30/2020 and show cash payment dated 08/25/2025. Recent disclosed dispositions total 7,861 shares across June and August 2025 with combined gross proceeds of approximately $4.08M. Relative to the reported outstanding share count of 11,237,661, the current notice represents approximately 0.019% of outstanding stock, suggesting limited direct impact on market supply or capitalization. No earnings, liabilities, or operational disclosures are included in this filing.

Corporate Governance Expert

TL;DR: Routine insider sale filing under Rule 144; disclosures are standard and contain no nonpublic material information assertions.

The Form 144 contains typical attestations, including the signer's representation that they possess no undisclosed material adverse information. It records the method of acquisition (option grant) and indicates cash payment. The record of recent sales by the same individual is transparent and consistent with required reporting. The filing lacks any statement of change in role, control, or governance actions. From a governance perspective, this appears to be a standard compliance filing rather than a material corporate governance event.

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	2139	1088860.18	11237661	08/25/2025	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	08/25/2025	Option Granted - 12/30/2020	Issuer			2139	08/25/2025	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
Daniel A. Ulatowski 25505 W. Twelve Mile Road Southfield MI 48034-8339	Common	06/11/2025	6356	3318855.95
Daniel A. Ulatowski 25505 W. Twelve Mile Road Southfield MI 48034-8339	Common	08/22/2025	1505	763429.61

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?

It discloses a proposed sale of 2,139 common shares valued at $1,088,860.18, to be sold on NASDAQ approximately on 08/25/2025.

How were the shares being sold acquired according to the filing?

The shares were acquired via an option granted on 12/30/2020 with acquisition/transaction date shown as 08/25/2025 and payment in cash.

Has the seller disclosed recent sales of CACC shares?

Yes. The filing lists prior sales by the same person of 6,356 shares on 06/11/2025 for $3,318,855.95 and 1,505 shares on 08/22/2025 for $763,429.61.

How large is the proposed sale relative to outstanding shares?

The 2,139-share notice represents about 0.019% of the reported 11,237,661 shares outstanding, per figures in the filing.

Does the Form 144 indicate any undisclosed material information?

No. The signer represents they do not know any material adverse information that is not publicly disclosed.