Credit Acceptance (CACC) officer sells 2,890 shares after exercising options

Rhea-AI Filing Summary

Credit Acceptance Corporation’s Chief People Officer, Wendy A. Rummler, reported an insider stock transaction. On February 2, 2026, she exercised an employee stock option for 2,890 shares of common stock at an exercise price of $333.94 per share, moving those shares into her direct ownership.

That same day she sold a total of 2,890 common shares in multiple open-market transactions at weighted-average prices ranging from about $500.00 to $515.15 per share, leaving 20,190.6 shares held directly. She also reports indirect holdings of 2,704 shares in the Kevin Rummler Revocable Trust and 1,722 shares in the Wendy A. Rummler Revocable Trust.

After these trades, Rummler continues to hold stock options, including 8,124 options at an exercise price of $333.94, 10,000 options initially granted at $468.67 that vest in four equal annual installments beginning October 6, 2023, and 1,250 options at an exercise price of $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

OMB APPROVAL

OMB Number:			3235-0287
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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^*

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)
02/02/2026

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	02/02/2026		M		2,890	A	$333.94	23,080.6	D
Common Stock	02/02/2026		S		240	D	$500(1)	22,840.6	D
Common Stock	02/02/2026		S		208	D	$501.29(2)	22,632.6	D
Common Stock	02/02/2026		S		120	D	$503.73(3)	22,512.6	D
Common Stock	02/02/2026		S		120	D	$505.61	22,392.6	D
Common Stock	02/02/2026		S		120	D	$506.72(4)	22,272.6	D
Common Stock	02/02/2026		S		220	D	$508.17(5)	22,052.6	D
Common Stock	02/02/2026		S		380	D	$509.64(6)	21,672.6	D
Common Stock	02/02/2026		S		292	D	$511.2(7)	21,380.6	D
Common Stock	02/02/2026		S		458	D	$512.11(8)	20,922.6	D
Common Stock	02/02/2026		S		617	D	$513.58(9)	20,305.6	D
Common Stock	02/02/2026		S		115	D	$515.15(10)	20,190.6	D
Common Stock								2,704	I	By trust.(11)
Common Stock								1,722	I	By trust.(12)

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	02/02/2026		M			2,890	12/30/2024	12/30/2026	Common Stock	2,890	$0	8,124	D
Employee Stock Option (right to buy)	$468.67							(13)	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 $500.01, 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 $501.13 to $501.66, inclusive.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $503.73 to $503.74, inclusive.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $506.72 to $506.73, inclusive.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $507.96 to $508.42, inclusive.

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $509.20 to $510.01, inclusive.

7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $510.59 to $511.58, inclusive.

8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $511.60 to $512.54, inclusive.

9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $513.03 to $514.02, inclusive.

10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $515.15 to $515.16, inclusive.

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

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

13. 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	02/04/2026
	** 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 transaction did CACC executive Wendy A. Rummler report?

Wendy A. Rummler reported exercising 2,890 employee stock options at an exercise price of $333.94 per share, then selling 2,890 common shares in multiple trades on February 2, 2026. The filing details her remaining direct and indirect share ownership and outstanding options.

At what prices did Wendy A. Rummler sell Credit Acceptance (CACC) shares?

She sold 2,890 Credit Acceptance common shares in several trades at weighted-average prices between about $500.00 and $515.15 per share. Footnotes note each reported price is a weighted average of multiple transactions within narrow price ranges on February 2, 2026.

How many CACC shares does Wendy A. Rummler own after this Form 4?

After the reported transactions, she directly owns 20,190.6 Credit Acceptance common shares. She also reports indirect ownership of 2,704 shares in the Kevin Rummler Revocable Trust and 1,722 shares in the Wendy A. Rummler Revocable Trust, both held of record by trustees.

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

She holds 8,124 employee stock options with a $333.94 exercise price, 10,000 options initially granted with a $468.67 exercise price, and 1,250 options at $390.39. The 10,000-share grant vests in four equal annual installments starting October 6, 2023.

How are the trust-held Credit Acceptance (CACC) shares described in the filing?

The filing states 2,704 shares are owned of record by Kevin Rummler, spouse of Wendy A. Rummler, as trustee of the Kevin Rummler Revocable Trust, and 1,722 shares are owned of record by Wendy A. Rummler as trustee of the Wendy A. Rummler Revocable Trust, reported as indirect holdings.

What role does Wendy A. Rummler hold at Credit Acceptance (CACC)?

Wendy A. Rummler is identified as an officer of Credit Acceptance Corporation with the title Chief People Officer. The Form 4 indicates the filing is made by a single reporting person and classifies her as an officer but not as a director or 10% owner.