[Form 4] Credit Acceptance Corp Insider Trading Activity

Rhea-AI Filing Summary

Crexendo, Inc. (CXDO) filed a Form 4 disclosing three open-market sales of common stock by Chief Financial Officer Ron Vincent executed under a pre-arranged Rule 10b5-1 trading plan adopted on 09 Dec 2024.

• Transaction details: 2,800 shares sold on 02 Jul 2025 at $6.5355; 3,000 shares sold on 03 Jul 2025 at $6.5101; 1,000 shares sold on 07 Jul 2025 at $6.5001.
• Total shares sold: 6,800, representing roughly 3.6 % of the executive’s prior direct holdings.
• Proceeds: approximately $44,400 at a volume-weighted average price of $6.52.
• Remaining ownership: 180,746 shares held directly after the transactions.
• The filing confirms that the trades were executed while the executive was not in possession of material non-public information.

No derivative transactions or changes in indirect ownership were reported.

Insights

Securities Analyst

TL;DR: Small 10b5-1 insider sale; limited fundamental signal.

Mr. Vincent’s disposal of 6,800 shares is minor relative to both his remaining stake (180,746 shares) and Crexendo’s public float. Because the sales were executed under a pre-approved 10b5-1 plan, they carry less informational weight than discretionary trades. The dollar value (~$44k) also suggests liquidity diversification rather than a strategic statement about CXDO’s outlook. From a valuation perspective, the event is immaterial and unlikely to move the stock absent larger thematic catalysts.

Corporate Governance Expert

TL;DR: Governance-compliant trade; no red flags.

The filing demonstrates adherence to best-practice governance: use of a 10b5-1 plan, explicit disclosure, and timely reporting within two business days. The scale of the transactions does not suggest aggressive liquidation or loss of confidence. Consequently, the trade poses no governance concern and does not alter insider ownership patterns in a material way. Investors should view the activity as routine rather than a negative leadership signal.

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).

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^*

Prescott General Partners LLC

(Last) (First) (Middle)

2200 BUTTS ROAD

SUITE 320

(Street)

BOCA RATON FL 33431

(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	X	10% Owner
	Officer (give title below)	X	Other (specify below)
			Member of Section 13(d) Group

3. Date of Earliest Transaction (Month/Day/Year)
07/02/2025

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	07/02/2025		J(1)		42,329	D	$509.43	911,132	I	By Prescott Associates L.P.(2)
Common Stock								495,785	I	By Idoya Partners L.P.(3)
Common Stock								30,034	I	By Prescott International Partners L.P.(4)

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

Explanation of Responses:

1. These shares were distributed in kind to a limited partner of Prescott Associates L.P. ("Prescott Associates"), a private investment limited partnership, in partial satisfaction of a withdrawal request by the limited partner. Prescott General Partners LLC ("PGP"), a Delaware limited liability company, is the general partner of Prescott Associates.

2. These shares are owned directly by Prescott Associates and are beneficially owned indirectly by PGP, as general partner of Prescott Associates. PGP disclaims beneficial ownership of these shares in excess of its pecuniary interest under Rule 16a-1(a)(2)(ii)(B). The address for Prescott Associates is 2200 Butts Road, Suite 320, Boca Raton, FL 33431.

3. These shares are owned directly by Idoya Partners L.P. ("Idoya"), a private investment limited partnership, and are beneficially owned indirectly by PGP, as general partner of Idoya. PGP disclaims beneficial ownership of these shares in excess of its pecuniary interest under Rule 16a-1(a)(2)(ii)(B). The address for Idoya is 2200 Butts Road, Suite 320, Boca Raton, FL 33431.

4. These shares are owned directly by Prescott International Partners L.P. ("PIP"), a private investment limited partnership, and are beneficially owned indirectly by PGP, as general partner of PIP. PGP disclaims beneficial ownership of these shares in excess of its pecuniary interest under Rule 16a-1(a)(2)(ii)(B). The address for PIP is 2200 Butts Road, Suite 320, Boca Raton, FL 33431.

Remarks:

The filing of this report shall not be deemed to be an admission that the Reporting Persons comprise a "group" within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended. The Reporting Persons each disclaim beneficial ownership of the shares included in this report except to the extent of their pecuniary interest in such shares.

	/s/ Scott J. Vassalluzzo, Managing Member, Prescott General Partners LLC	07/07/2025
	** 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

How many CXDO shares did CFO Ron Vincent sell?

He sold 6,800 common shares between 02 Jul 2025 and 07 Jul 2025.

What was the average selling price for the CXDO shares?

The weighted average selling price was approximately $6.52 per share.

How many CXDO shares does the CFO still own after the sale?

Mr. Vincent now holds 180,746 CXDO shares directly.

Were the CXDO insider sales part of a 10b5-1 trading plan?

Yes. The Form 4 states the trades were executed under a Rule 10b5-1(c) plan adopted on 09 Dec 2024.

Is the Form 4 filing likely to impact Crexendo’s stock price?

Given the small size of the sale and its pre-planned nature, analysts view the filing as not materially impactful to CXDO’s valuation.