Credit Acceptance (CACC) people chief exercises options and sells shares

Rhea-AI Filing Summary

Credit Acceptance Corporation’s Chief People Officer, Wendy A. Rummler, reported multiple equity transactions. On January 30, 2026, she exercised employee stock options to acquire 1,173 and 4,063 shares of common stock at an exercise price of $333.94 per share and sold several blocks of shares the same day at weighted average prices between roughly $485.25 and $500.22, as detailed in the footnotes.

After these trades, she directly held 20,772 common shares, before a subsequent January 31, 2026 transaction in which 581.4 shares were withheld at $498.24 to cover tax obligations tied to restricted stock unit vesting, leaving 20,190.6 directly owned shares. She also has indirect ownership of 2,704 and 1,722 common shares through revocable trusts, and continues to hold multiple option awards over additional shares.

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^*

Rummler Wendy A

(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)

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

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		1,173	A	$333.94	21,945	D
Common Stock	01/30/2026		S		1,173	D	$500.22(1)	20,772	D
Common Stock	01/30/2026		M		4,063	A	$333.94	24,835	D
Common Stock	01/30/2026		S		1,040	D	$485.25(2)	23,795	D
Common Stock	01/30/2026		S		110	D	$486.55	23,685	D
Common Stock	01/30/2026		S		280	D	$488.36(3)	23,405	D
Common Stock	01/30/2026		S		391	D	$489.77(4)	23,014	D
Common Stock	01/30/2026		S		210	D	$491.09(5)	22,804	D
Common Stock	01/30/2026		S		567	D	$493.03(6)	22,237	D
Common Stock	01/30/2026		S		370	D	$493.87(7)	21,867	D
Common Stock	01/30/2026		S		498	D	$496.83(8)	21,369	D
Common Stock	01/30/2026		S		425	D	$498.16(9)	20,944	D
Common Stock	01/30/2026		S		172	D	$499.44(10)	20,772	D
Common Stock	01/31/2026		F		581.4(11)	D	$498.24	20,190.6	D
Common Stock								2,704	I	By trust.(12)
Common Stock								1,722	I	By trust.(13)

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			1,173	12/30/2024	12/30/2026	Common Stock	1,173	$0	15,077	D
Employee Stock Option (right to buy)	$333.94	01/30/2026		M			4,063	12/30/2024	12/30/2026	Common Stock	4,063	$0	11,014	D
Employee Stock Option (right to buy)	$468.67							(14)	10/06/2028	Common Stock	10,000		10,000	D
Employee Stock Option (right to buy)	$390.39							04/28/2025	04/28/2027	Common Stock	1,250		1,250	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 $500.00 to $500.84, 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 $485.00 to $486.00, inclusive.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $488.06 to $488.73, inclusive.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $489.42 to $490.20, inclusive.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $490.96 to $491.25, inclusive.

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $492.43 to $493.36, inclusive.

7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $493.61 to $494.00, inclusive.

8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $496.49 to $497.32, inclusive.

9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $497.58 to $498.51, inclusive.

10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $498.74 to $499.60, inclusive.

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

12. These shares are owned of record by Kevin Rummler, spouse of Wendy A. Rummler, as trustee of the Kevin Rummler Revocable Trust.

13. These shares are owned of record by Wendy A. Rummler, as trustee of the Wendy A. Rummler Revocable Trust.

14. The option, initially representing the right to purchase 10,000 shares, is exercisable in four equal annual installments beginning on October 6, 2023, which was the first anniversary of the date on which the option was granted.

Remarks:

	/s/ Wendy A. Rummler	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 does the latest Form 4 for CACC’s Wendy A. Rummler report?

The Form 4 reports that Chief People Officer Wendy A. Rummler exercised stock options and sold several blocks of Credit Acceptance common stock on January 30, 2026, and had shares withheld on January 31, 2026 to satisfy tax obligations from restricted stock unit vesting.

How many Credit Acceptance (CACC) options did Wendy A. Rummler exercise?

She exercised employee stock options for 1,173 shares and 4,063 shares of Credit Acceptance common stock, each with an exercise price of $333.94 per share, on January 30, 2026, increasing her directly owned share count before subsequent same-day sales reduced it.

At what prices did Wendy A. Rummler sell CACC common stock on January 30, 2026?

She sold multiple blocks of Credit Acceptance common stock at weighted average prices including $500.22, $485.25, $486.55, $488.36, $489.77, $491.09, $493.03, $493.87, $496.83, $498.16, and $499.44 per share, each representing sales executed within stated intraday price ranges.

Why were 581.4 CACC shares reported with transaction code F for Wendy A. Rummler?

The 581.4 Credit Acceptance shares reported with transaction code F on January 31, 2026 were withheld at $498.24 per share to satisfy tax withholding obligations arising from the vesting and settlement of restricted stock units into shares of common stock.

What is Wendy A. Rummler’s direct and indirect CACC share ownership after these transactions?

After the reported transactions, she directly owned 20,190.6 Credit Acceptance common shares. In addition, 2,704 shares are held by the Kevin Rummler Revocable Trust and 1,722 shares by the Wendy A. Rummler Revocable Trust, both reported as indirect beneficial ownership by trust.

What stock options does Wendy A. Rummler still hold in Credit Acceptance (CACC)?

Following the January 30, 2026 exercises, she held 15,077 and 11,014 employee stock options with a $333.94 exercise price, plus options for 10,000 shares exercisable in installments through October 6, 2028 and 1,250 shares exercisable from April 28, 2025 to April 28, 2027.

How are trust-held CACC shares reported for Wendy A. Rummler on the Form 4?

The filing shows 2,704 shares owned of record by the Kevin Rummler Revocable Trust, with Kevin Rummler as trustee, and 1,722 shares owned of record by the Wendy A. Rummler Revocable Trust, with Wendy A. Rummler as trustee, both listed as indirect ownership by trust.