[Form 4] CREDIT ACCEPTANCE CORP Insider Trading Activity

Rhea-AI Filing Summary

Credit Acceptance Corp Chief Transformation Officer Nicholas J. Elliott reported exercising employee stock options for 55 common shares at an exercise price of $333.94 per share and selling 55 common shares in open-market transactions at prices between $575.00 and $581.70 per share on June 15–17.

After these transactions, he directly holds 20,897.3 common shares of Credit Acceptance Corp, plus 324 common shares held indirectly through the company’s 401(k) Profit Sharing Plan and Trust, and 6,976 employee stock options that remain outstanding.

Insider Trade Summary 10b5-1

Net Seller: 55 shares ($31,741)

Net Sell 16 txns

Insider Elliott Nicholas J

Role Chief Transformation Officer

Sold 55 shs ($32K)

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (right to buy)	3	$0.00	--
Exercise	Common Stock	3	$333.94	$1K
Sale	Common Stock	1	$581.70	$581.70
Sale	Common Stock	2	$575.93	$1K
Exercise	Employee Stock Option (right to buy)	36	$0.00	--
Exercise	Common Stock	36	$333.94	$12K
Sale	Common Stock	3	$575.18	$2K
Sale	Common Stock	11	$577.24	$6K
Sale	Common Stock	12	$578.21	$7K
Sale	Common Stock	9	$579.02	$5K
Sale	Common Stock	1	$581.49	$581.49
Exercise	Employee Stock Option (right to buy)	16	$0.00	--
Exercise	Common Stock	16	$333.94	$5K
Sale	Common Stock	15	$575.00	$9K
Sale	Common Stock	1	$576.06	$576.06
holding	Common Stock	--	--	--

Holdings After Transaction: Employee Stock Option (right to buy) — 6,976 shares (Direct, null); Common Stock — 20,900.3 shares (Direct, null); Common Stock — 324 shares (Indirect, By 401(k) Trust)

Footnotes (1)

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 $575.55, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $576.59 to $577.48, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $577.79 to $578.71, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $578.90 to $579.81, inclusive. 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.

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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

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)
06/15/2026

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	06/15/2026		M		16	A	$333.94	20,913.3	D
Common Stock	06/15/2026		S		15	D	$575	20,898.3	D
Common Stock	06/15/2026		S		1	D	$576.06	20,897.3	D
Common Stock	06/16/2026		M		36	A	$333.94	20,933.3	D
Common Stock	06/16/2026		S		3	D	$575.18(1)	20,930.3	D
Common Stock	06/16/2026		S		11	D	$577.24(2)	20,919.3	D
Common Stock	06/16/2026		S		12	D	$578.21(3)	20,907.3	D
Common Stock	06/16/2026		S		9	D	$579.02(4)	20,898.3	D
Common Stock	06/16/2026		S		1	D	$581.49	20,897.3	D
Common Stock	06/17/2026		M		3	A	$333.94	20,900.3	D
Common Stock	06/17/2026		S		1	D	$581.7	20,899.3	D
Common Stock	06/17/2026		S		2	D	$575.93	20,897.3	D
Common Stock								324	I	By 401(k) Trust(5)

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	06/15/2026		M			16	12/30/2024	12/30/2026	Common Stock	16	$0	7,015	D
Employee Stock Option (right to buy)	$333.94	06/16/2026		M			36	12/30/2024	12/30/2026	Common Stock	36	$0	6,979	D
Employee Stock Option (right to buy)	$333.94	06/17/2026		M			3	12/30/2024	12/30/2026	Common Stock	3	$0	6,976	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 $575.55, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $576.59 to $577.48, inclusive.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $577.79 to $578.71, inclusive.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $578.90 to $579.81, inclusive.

5. 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	06/17/2026
	** 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)

FAQ

What insider transactions did CACC executive Nicholas J. Elliott report?

Nicholas J. Elliott reported exercising options for 55 Credit Acceptance (CACC) common shares at $333.94 each and selling 55 shares in open-market trades between $575.00 and $581.70 per share over June 15–17.

How many Credit Acceptance (CACC) shares did Nicholas J. Elliott sell?

He sold a total of 55 Credit Acceptance (CACC) common shares in several open-market transactions. Reported sale prices ranged from $575.00 to $581.70 per share, according to the Form 4 filing details for June 15–17.

What is Nicholas J. Elliott’s remaining CACC share ownership after these trades?

Following the reported transactions, Nicholas J. Elliott holds 20,897.3 Credit Acceptance (CACC) common shares directly. He also has 324 shares held indirectly through the company’s 401(k) Profit Sharing Plan and Trust as of the latest reported date.

How many stock options does Nicholas J. Elliott still have in CACC?

After exercising options for 55 shares, Nicholas J. Elliott still holds 6,976 employee stock options in Credit Acceptance (CACC). These options carry an exercise price of $333.94 per share and represent additional potential future common share ownership.

Over what dates did the reported CACC insider transactions occur?

The reported Credit Acceptance (CACC) insider transactions occurred on June 15, June 16, and June 17, 2026. Across these dates, Nicholas J. Elliott both exercised employee stock options and executed open-market sales of common stock.

What role does Nicholas J. Elliott hold at Credit Acceptance (CACC)?

Nicholas J. Elliott serves as Chief Transformation Officer at Credit Acceptance (CACC). His Form 4 filing details his recent employee stock option exercises and related open-market sales of the company’s common stock during June 2026.