Kenneth Booth (CACC) exercises options, sells 8,000 shares and adjusts equity awards

Rhea-AI Filing Summary

Credit Acceptance Corp executive board member Kenneth Booth reported multiple stock transactions around his retirement as an officer and employee effective January 31, 2026. On January 30 and February 2, he exercised employee stock options for 4,000 common shares each at an exercise price of $333.94 and sold 4,000 shares on each date at $494 and $514, respectively. On January 31, 1,390.6 shares were withheld at $498.24 to cover taxes on restricted stock units, and on February 1 he acquired 135 shares at $0, reflecting restricted stock unit settlement. A footnote states he forfeited 38,809 unvested restricted stock units upon retirement, and another note explains that a stock option for 110,000 underlying shares with a $390.39 exercise price now expires on January 31, 2028 instead of April 28, 2031.

Insider Trade Summary

Net Seller: 8,000 shares ($4,032,000)

Net Sell 9 txns

Insider Booth Kenneth

Role Executive Board Member

Sold 8,000 shs ($4.03M)

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (right to buy)	4,000	$0.00	--
Exercise	Common Stock	4,000	$333.94	$1.34M
Sale	Common Stock	4,000	$514.00	$2.06M
Grant/Award	Common Stock	135	$0.00	--
Tax Withholding	Common Stock	1,390.6	$498.24	$693K
Exercise	Employee Stock Option (right to buy)	4,000	$0.00	--
Exercise	Common Stock	4,000	$333.94	$1.34M
Sale	Common Stock	4,000	$494.00	$1.98M
holding	Employee Stock Option (right to buy)	--	--	--

Holdings After Transaction: Employee Stock Option (right to buy) — 38,000 shares (Direct); Common Stock — 32,051.4 shares (Direct)

Footnotes (1)

1. Shares withheld to satisfy tax withholding obligations in conjunction with the vesting and settlement of restricted stock units to shares of common stock. Number of shares reflects the reporting person's forfeiture of 38,809 unvested restricted stock units upon the reporting person's retirement as an officer and employee of the issuer effective January 31, 2026. As a result of the reporting person's retirement as an officer and employee of the issuer effective January 31, 2026, pursuant to the terms of the stock option, the expiration date changed from April 28, 2031 (the tenth anniversary of the date of the option grant) to January 31, 2028 (two years after termination of the reporting person's employment with the issuer).

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Booth Kenneth

(Last) (First) (Middle)

25505 WEST TWELVE MILE ROAD

(Street)

SOUTHFIELD MI 48034

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CREDIT ACCEPTANCE CORP [ CACC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Board Member

3. Date of Earliest Transaction (Month/Day/Year)
01/30/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/30/2026		M		4,000	A	$333.94	72,116	D
Common Stock	01/30/2026		S		4,000	D	$494	68,116	D
Common Stock	01/31/2026		F		1,390.6(1)	D	$498.24	66,725.4	D
Common Stock	02/01/2026		A		135	A	$0	28,051.4(2)	D
Common Stock	02/02/2026		M		4,000	A	$333.94	32,051.4	D
Common Stock	02/02/2026		S		4,000	D	$514	28,051.4	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (right to buy)	$333.94	01/30/2026		M			4,000	12/30/2024	12/30/2026	Common Stock	4,000	$0	42,000	D
Employee Stock Option (right to buy)	$333.94	02/02/2026		M			4,000	12/30/2024	12/30/2026	Common Stock	4,000	$0	38,000	D
Employee Stock Option (right to buy)	$390.39							04/28/2025	01/31/2028(3)	Common Stock	110,000		110,000	D

Explanation of Responses:

1. Shares withheld to satisfy tax withholding obligations in conjunction with the vesting and settlement of restricted stock units to shares of common stock.

2. Number of shares reflects the reporting person's forfeiture of 38,809 unvested restricted stock units upon the reporting person's retirement as an officer and employee of the issuer effective January 31, 2026.

3. As a result of the reporting person's retirement as an officer and employee of the issuer effective January 31, 2026, pursuant to the terms of the stock option, the expiration date changed from April 28, 2031 (the tenth anniversary of the date of the option grant) to January 31, 2028 (two years after termination of the reporting person's employment with the issuer).

Remarks:

	/s/ Kenneth S. Booth	02/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did Kenneth Booth report in this CACC Form 4?

Kenneth Booth reported exercising 4,000 Credit Acceptance common shares on January 30 and 4,000 on February 2 at an exercise price of $333.94, then selling 4,000 shares at $494 and another 4,000 at $514, along with related restricted stock and tax-withholding entries.

How many Credit Acceptance shares did Kenneth Booth sell and at what prices?

Booth sold 4,000 Credit Acceptance common shares on January 30 at $494 per share and another 4,000 shares on February 2 at $514 per share. These sales followed option exercises at an exercise price of $333.94 for the same number of shares.

What restricted stock unit activity did the CACC Form 4 disclose for Kenneth Booth?

The filing shows 1,390.6 shares were withheld at $498.24 to satisfy tax obligations tied to restricted stock units, and Booth received 135 shares at $0 on February 1. A footnote adds he forfeited 38,809 unvested restricted stock units upon retirement.

How did Kenneth Booth’s retirement affect his Credit Acceptance equity awards?

The Form 4 states Booth retired as an officer and employee effective January 31, 2026. Upon retirement, he forfeited 38,809 unvested restricted stock units, and a stock option on 110,000 underlying shares had its expiration date shortened to January 31, 2028.

What stock option changes for Kenneth Booth are detailed in the CACC Form 4?

The filing lists employee stock options with a $333.94 exercise price, from which 4,000 options were exercised on January 30 and 4,000 on February 2. Another option with a $390.39 exercise price for 110,000 shares now expires on January 31, 2028.

What is Kenneth Booth’s role at Credit Acceptance in this Form 4 filing?

The Form 4 identifies Kenneth Booth as a director and officer of Credit Acceptance Corp with the title Executive Board Member. It also notes his retirement as an officer and employee effective January 31, 2026, which affected his restricted stock units and option terms.