CACC (CACC) CFO sells 4,339.6 shares after stock option exercise

Rhea-AI Filing Summary

Credit Acceptance Corp Chief Financial Officer Jay D. Martin exercised employee stock options and sold shares of common stock. On February 9, 2026, he exercised options for 3,000 shares of common stock at an exercise price of $333.94 per share.

That same day, he sold 3,000 shares at a weighted average price of $513.22 per share and an additional 1,339.6 shares at a weighted average price of $511.05 per share in open-market transactions. After these trades, he directly owned 25,963.1 shares of common stock and held options for 16,500 shares at $333.94 and 2,250 shares at $390.39.

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

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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).

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^*

Martin Jay D

(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 Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/09/2026

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	02/09/2026		M		3,000	A	$333.94	30,302.7	D
Common Stock	02/09/2026		S		3,000	D	$513.22(1)	27,302.7	D
Common Stock	02/09/2026		S		1,339.6	D	$511.05(2)	25,963.1	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	02/09/2026		M			3,000	12/30/2024	12/30/2026	Common Stock	3,000	$0	16,500	D
Employee Stock Option (right to buy)	$390.39							04/28/2025	04/28/2027	Common Stock	2,250		2,250	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 $513.04 to $513.66, 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 $511.04 to $512.02, inclusive.

Remarks:

	/s/ Jay D. Martin	02/11/2026
	** 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 CACC CFO Jay D. Martin report on February 9, 2026?

CACC CFO Jay D. Martin reported exercising stock options and selling shares on February 9, 2026. He exercised options for 3,000 common shares at $333.94, then sold 3,000 shares at a weighted average $513.22 and 1,339.6 shares at a weighted average $511.05.

How many Credit Acceptance (CACC) shares did the CFO sell and at what prices?

The CFO sold a total of 4,339.6 CACC common shares. He sold 3,000 shares at a weighted average price of $513.22 and 1,339.6 shares at a weighted average price of $511.05, with each sale executed through multiple transactions within the stated price ranges.

How many CACC shares does the CFO own after the reported Form 4 transactions?

After the reported transactions, the CFO directly owns 25,963.1 CACC common shares. This balance reflects the exercise of 3,000 options into common stock followed by open-market sales totaling 4,339.6 shares on February 9, 2026, as disclosed in the filing tables.

What stock options in Credit Acceptance (CACC) does the CFO hold after these trades?

Following the transactions, the CFO holds employee stock options for 16,500 CACC shares at a $333.94 exercise price and 2,250 CACC shares at a $390.39 exercise price. These options have stated exercisable and expiration dates extending through December 2026 and April 2027, respectively.

Were the CACC CFO’s reported share sale prices single trades or weighted averages?

The reported sale prices are weighted averages for multiple trades. For 3,000 sold shares, prices ranged between $513.04 and $513.66. For 1,339.6 sold shares, prices ranged between $511.04 and $512.02. The filing notes detailed trade breakdowns are available upon request.

Is the CACC CFO’s February 9, 2026 option exercise treated as a purchase of shares?

The filing classifies the February 9, 2026 option event as an exercise of derivative securities. The CFO exercised employee stock options to acquire 3,000 CACC common shares at an exercise price of $333.94 per share, which then contributed to his reported subsequent share sales.