CACC officer sells 53 shares after option exercise

Credit Acceptance Corp Chief Transformation Officer Nicholas J. Elliott reported a small exercise-and-sell sequence in company stock.

Rhea-AI Filing Summary

Credit Acceptance Corp Chief Transformation Officer Nicholas J. Elliott reported a small exercise-and-sell sequence in company stock. On June 8 and 9, 2026, he exercised employee stock options to acquire a total of 53 shares of common stock at an exercise price of $333.94 per share, then sold the same 53 shares in open-market transactions.

The reported sales were 21 shares at $578.15 per share on June 8 and 32 shares at a weighted average price of $575.73 per share on June 9, with actual trade prices ranging from $575.00 to $575.85. Following these transactions, Elliott directly owned 20,897.3 shares of common stock, and an additional 324 shares were held indirectly through the Credit Acceptance Stock Fund in the company’s 401(k) Profit Sharing Plan and Trust as of June 9, 2026.

Insider Trade Summary 10b5-1

Exercise and Sale: 53 shares ($13K approx. pre-tax spread)

Exercise and Sale 7 txns

Insider Elliott Nicholas J

Role Chief Transformation Officer

Sold 53 shs ($31K)

Approx. gross sale proceeds $31K

Approx. exercise cost $18K

Approx. pre-tax spread $13K

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (right to buy)	32	$0.00	$0.00
Exercise	Common Stock	32	$333.94	$11K
Sale	Common Stock	32	$575.73	$18K
Exercise	Employee Stock Option (right to buy)	21	$0.00	$0.00
Exercise	Common Stock	21	$333.94	$7K
Sale	Common Stock	21	$578.15	$12K
holding	Common Stock	--	--	--

Holdings After Transaction: Employee Stock Option (right to buy) — 7,031 contracts (Direct); Common Stock — 20,897.3 shares (Direct); Common Stock — 324 shares (Indirect, By 401(k) Trust)

Footnotes (2)

1. F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $575.00 to $575.85, inclusive. The reporting person undertakes to provide to Credit Acceptance Corporation, any security holder of Credit Acceptance Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnotes to this Form 4.
2. F2. Held in the Credit Acceptance Stock Fund of the Credit Acceptance Corporation 401(k) Profit Sharing Plan and Trust as of June 9, 2026, according to the Plan trustee.

Key Figures

Shares sold June 9, 2026: 32 shares at $575.73 Shares sold June 8, 2026: 21 shares at $578.15 Options exercise price: $333.94 per share +4 more

7 metrics

Shares sold June 9, 2026 32 shares at $575.73 Weighted average sale price; trades $575.00–$575.85

Shares sold June 8, 2026 21 shares at $578.15 Open-market sale of common stock

Options exercise price $333.94 per share Employee stock options converted into 53 common shares

Direct holdings after transactions 20,897.3 shares Common stock directly owned after June 9, 2026 trades

Indirect 401(k) holdings 324 shares Credit Acceptance Stock Fund, 401(k) Plan as of June 9, 2026

Stock options remaining in grant line 7,063 options Employee stock option position after June 8, 2026 row

Stock options after June 9 row 7,031 options Employee stock option position after June 9, 2026 row

Key Terms

open-market sale, Employee Stock Option (right to buy), weighted average price, 401(k) Profit Sharing Plan and Trust, +1 more

5 terms

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Employee Stock Option (right to buy) financial

"security_title": "Employee Stock Option (right to buy)""

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

401(k) Profit Sharing Plan and Trust financial

"Credit Acceptance Corporation 401(k) Profit Sharing Plan and Trust as of June 9, 2026"

derivative exercise/conversion financial

"transaction_action": "derivative exercise/conversion""

FAQ

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

What insider transactions did CREDIT ACCEPTANCE CORP (CACC) report for Nicholas J. Elliott?

Nicholas J. Elliott exercised employee stock options for 53 CREDIT ACCEPTANCE CORP shares at $333.94 per share, then sold the same 53 shares in open-market trades at prices around $575–$578 per share over June 8–9, 2026.

How many CREDIT ACCEPTANCE CORP (CACC) shares did Nicholas J. Elliott sell and at what prices?

He sold 53 CREDIT ACCEPTANCE CORP common shares, including 21 shares at $578.15 on June 8, 2026 and 32 shares at a weighted average price of $575.73 on June 9, 2026, with individual trades between $575.00 and $575.85.

What was the option exercise price in the CACC Form 4 for Nicholas J. Elliott?

The employee stock options were exercised at an exercise price of $333.94 per CREDIT ACCEPTANCE CORP share. These options were labeled as “Employee Stock Option (right to buy)” and were converted into 53 common shares before being sold in the market.

How many CREDIT ACCEPTANCE CORP (CACC) shares does Nicholas J. Elliott own after these transactions?

After the reported trades, Nicholas J. Elliott directly owned 20,897.3 CACC common shares. In addition, 324 shares were held indirectly in the Credit Acceptance Stock Fund of the company’s 401(k) Profit Sharing Plan and Trust as of June 9, 2026.

What does the weighted average sale price mean in the CACC Form 4 filing?

The weighted average sale price of $575.73 for 32 CACC shares reflects multiple trades executed between $575.00 and $575.85. The filing notes the insider can provide detailed trade breakdowns to the company, its shareholders, or SEC staff upon request.

Does Nicholas J. Elliott hold CREDIT ACCEPTANCE CORP (CACC) shares through a retirement plan?

Yes. The Form 4 states that 324 CREDIT ACCEPTANCE CORP shares are held in the Credit Acceptance Stock Fund of the company’s 401(k) Profit Sharing Plan and Trust, according to the plan trustee, as of June 9, 2026.

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

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Accepted by SEC EDGAR 06/10/2026 - 04:04 PM EDT Learn about SEC filing dates

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Elliott Nicholas J

(Last) (First) (Middle)

25505 WEST TWELVE MILE RD

(Street)

SOUTHFIELD MICHIGAN 48034

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Transformation Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/08/2026

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

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

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

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	06/08/2026		M		21	A	$333.94	20,918.3	D
Common Stock	06/08/2026		S		21	D	$578.15	20,897.3	D
Common Stock	06/09/2026		M		32	A	$333.94	20,929.3	D
Common Stock	06/09/2026		S		32	D	$575.73(1)	20,897.3	D
Common Stock								324	I	By 401(k) Trust(2)

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	06/08/2026		M			21	12/30/2024	12/30/2026	Common Stock	21	$0	7,063	D
Employee Stock Option (right to buy)	$333.94	06/09/2026		M			32	12/30/2024	12/30/2026	Common Stock	32	$0	7,031	D

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $575.00 to $575.85, inclusive. The reporting person undertakes to provide to Credit Acceptance Corporation, any security holder of Credit Acceptance Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnotes to this Form 4.

2. Held in the Credit Acceptance Stock Fund of the Credit Acceptance Corporation 401(k) Profit Sharing Plan and Trust as of June 9, 2026, according to the Plan trustee.

Remarks:

	/s/ Nicholas J. Elliott	06/10/2026
	** 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.
* Form 4: SEC 1474 (03-26)