Credit Acceptance Executive Offloads Shares While Holding Substantial Options

Rhea-AI Filing Summary

Credit Acceptance Corp (CACC) Chief Marketing and Product Officer Andrew K. Rostami reported insider trading activity on June 20, 2025. The executive sold 375 shares at $505.29 per share, resulting in a transaction value of approximately $189,484.

Following the transaction, Rostami holds 25,478.5 shares, including 23,572 unvested restricted stock units granted under the Company's Incentive Compensation Plan. Additionally, the executive maintains 16,000 stock options with an exercise price of $585.93, which vest in four equal annual installments starting April 18, 2023 and expire on April 18, 2028.

This Form 4 filing indicates a relatively small disposition of shares by a senior executive while maintaining a substantial equity position in the company through direct ownership, RSUs, and options, suggesting continued alignment with shareholder interests.

Insider Trade Summary

Net Seller: 375 shares

Net Sell 2 txns

Insider Rostami Andrew K

Role Chief Mktg and Product Officer

Sold 375 shs ($189K)

Type	Security	Shares	Price	Value
Sale	Common Stock	375	$505.29	$189K
holding	Employee Stock Option (right to buy)	--	--	--

Holdings After Transaction: Common Stock — 25,478.5 shares (Direct); Employee Stock Option (right to buy) — 16,000 shares (Direct)

Footnotes (2)

1. F1. Includes 23,572 unvested restricted stock units that were granted under the Company's Incentive Compensation Plan. Each restricted stock unit represents and has a value equal to one share of common stock of Credit Acceptance Corporation
2. F2. The option, representing a right to purchase 16,000 shares, is exercisable in four equal annual installments beginning on April 18, 2023, which was the first anniversary of the date on which the option was granted.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 06/23/2025 - 04:11 PM Learn about SEC filing dates

FAQ

How many CACC shares did Chief Marketing Officer Andrew Rostami sell on June 20, 2025?

According to the Form 4 filing, Andrew Rostami sold 375 shares of CACC common stock at a price of $505.29 per share on June 20, 2025.

What is the total value of CACC stock holdings owned by Andrew Rostami after the June 2025 transaction?

Following the reported transaction, Andrew Rostami beneficially owned 25,478.5 shares directly, which includes 23,572 unvested restricted stock units. He also holds stock options for an additional 16,000 shares.

What are the terms of CACC stock options held by Andrew Rostami?

Rostami holds stock options for 16,000 shares of CACC with an exercise price of $585.93. The options vest in four equal annual installments beginning April 18, 2023, and expire on April 18, 2028.

How many unvested restricted stock units (RSUs) does CACC's Chief Marketing Officer own?

According to the filing footnotes, Andrew Rostami owns 23,572 unvested restricted stock units granted under CACC's Incentive Compensation Plan, with each unit representing one share of common stock.

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^*

Rostami Andrew K

(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 Mktg and Product Officer

3. Date of Earliest Transaction (Month/Day/Year)
06/20/2025

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	06/20/2025		S		375	D	$505.29	25,478.5(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)	$585.93							(2)	04/18/2028	Common Stock	16,000		16,000	D

Explanation of Responses:

1. Includes 23,572 unvested restricted stock units that were granted under the Company's Incentive Compensation Plan. Each restricted stock unit represents and has a value equal to one share of common stock of Credit Acceptance Corporation

2. The option, representing a right to purchase 16,000 shares, is exercisable in four equal annual installments beginning on April 18, 2023, which was the first anniversary of the date on which the option was granted.

Remarks:

	/s/ Andrew K. Rostami	06/23/2025
	** 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.
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