Credit Acceptance officer exercises, sells shares

Credit Acceptance Corporation’s Chief Sales Officer, Daniel A. Ulatowski, reported several stock transactions.

Rhea-AI Filing Summary

Credit Acceptance Corporation’s Chief Sales Officer, Daniel A. Ulatowski, reported several stock transactions. On January 30, 2026, he exercised an employee stock option for 589 shares of common stock at $333.94 per share, then sold 589 shares at a weighted average of $500.12 per share. On January 31, 2026, 951.6 shares of common stock were withheld at $498.24 per share to cover tax obligations related to restricted stock units. Following these transactions, he directly held 27,338.4 shares and had 32,411 employee stock options outstanding, with an additional 4,000 shares held indirectly through the D.&B. Ulatowski Living Trust.

Insider Trade Summary

Exercise and Sale: 589 shares ($98K approx. pre-tax spread)

Exercise and Sale 5 txns

Insider ULATOWSKI DANIEL A.

Role Chief Sales Officer

Sold 589 shs ($295K)

Approx. gross sale proceeds $295K

Approx. exercise cost $197K

Approx. pre-tax spread $98K

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	951.6	$498.24	$474K
Exercise	Employee Stock Option (right to buy)	589	$0.00	$0.00
Exercise	Common Stock	589	$333.94	$197K
Sale	Common Stock	589	$500.12	$295K
holding	Common Stock	--	--	--

Holdings After Transaction: Employee Stock Option (right to buy) — 32,411 contracts (Direct); Common Stock — 27,338.4 shares (Direct); Common Stock — 4,000 shares (Indirect, By trust.)

Footnotes (3)

1. F1. 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 $500.19, 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. Shares withheld to satisfy tax withholding obligations in conjunction with the vesting and settlement of restricted stock units to shares of common stock.
3. F3. These shares are owned of record by Daniel A. Ulatowski and Barbara Ulatowski, spouse of Mr. Ulatowski, as trustees of the D.&.B. Ulatowski Living Trust.

FAQ

What insider transactions did CACC’s Chief Sales Officer report?

Daniel A. Ulatowski reported exercising 589 employee stock options, selling 589 common shares, and having 951.6 shares withheld for taxes. These movements adjusted his direct and indirect ownership in Credit Acceptance Corporation common stock and related employee stock options.

How many Credit Acceptance (CACC) shares did the officer sell and at what price?

He sold 589 common shares at a weighted average price of $500.12. The filing notes these were executed in multiple trades between $500.00 and $500.19, with full trade details available upon request from the company or the SEC staff.

What stock options did the Credit Acceptance (CACC) officer exercise?

He exercised an employee stock option covering 589 shares of common stock at an exercise price of $333.94 per share. After this transaction, he held 32,411 employee stock options directly, all relating to Credit Acceptance Corporation common stock.

Why were 951.6 CACC shares withheld in the Form 4 filing?

The 951.6 shares of common stock were withheld to satisfy tax withholding obligations. This withholding occurred in connection with the vesting and settlement of restricted stock units that converted into shares of Credit Acceptance Corporation common stock.

How many CACC shares does the officer own directly and indirectly after these transactions?

After the reported transactions, he directly owned 27,338.4 shares of Credit Acceptance common stock. Additionally, 4,000 shares were held indirectly through the D.&B. Ulatowski Living Trust, for which Daniel and Barbara Ulatowski serve as trustees of record.

What is the role of the D.&B. Ulatowski Living Trust in these CACC holdings?

The D.&B. Ulatowski Living Trust holds 4,000 Credit Acceptance common shares of record. The trust is administered by Daniel A. Ulatowski and his spouse, Barbara Ulatowski, who serve as trustees, and the shares are reported as indirectly owned in the filing.

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Accepted by SEC EDGAR 02/03/2026 - 04:16 PM 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

X

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^*

ULATOWSKI DANIEL 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 Sales 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		589	A	$333.94	28,879	D
Common Stock	01/30/2026		S		589	D	$500.12(1)	28,290	D
Common Stock	01/31/2026		F		951.6(2)	D	$498.24	27,338.4	D
Common Stock								4,000	I	By trust.(3)

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			589	12/30/2024	12/30/2026	Common Stock	589	$0	32,411	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 $500.19, 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. Shares withheld to satisfy tax withholding obligations in conjunction with the vesting and settlement of restricted stock units to shares of common stock.

3. These shares are owned of record by Daniel A. Ulatowski and Barbara Ulatowski, spouse of Mr. Ulatowski, as trustees of the D.&.B. Ulatowski Living Trust.

Remarks:

	/s/ Daniel A. Ulatowski	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.
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