Director exercises options, sells 4,000 Credit Acceptance (CACC) shares

Rhea-AI Filing Summary

CREDIT ACCEPTANCE CORP director Kenneth Booth reported an option exercise and related share sale. On May 6, 2026, he exercised options to acquire 4,000 shares of common stock at $333.94 per share, then sold 4,000 shares at $554.00 per share in an open-market transaction.

After these transactions, Booth directly owns 22,831.9 shares of common stock. He also holds an employee stock option covering 110,000 underlying shares with a $390.39 exercise price, expiring on January 31, 2028.

Insider Trade Summary 10b5-1

Net Seller: 4,000 shares ($2,216,000)

Net Sell 4 txns

Insider Booth Kenneth

Role null

Sold 4,000 shs ($2.22M)

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (right to buy)	4,000	$0.00	--
Exercise	Common Stock	4,000	$333.94	$1.34M
Sale	Common Stock	4,000	$554.00	$2.22M
holding	Employee Stock Option (right to buy)	--	--	--

Holdings After Transaction: Employee Stock Option (right to buy) — 30,000 shares (Direct, null); Common Stock — 26,831.9 shares (Direct, null)

Footnotes (1)

Key Figures

Shares sold: 4,000 shares Sale price: $554.00/share Options exercised: 4,000 shares +4 more

7 metrics

Shares sold 4,000 shares Common stock sold on May 6, 2026 at $554.00

Sale price $554.00/share Open-market or private sale on May 6, 2026

Options exercised 4,000 shares Common stock acquired via option exercise at $333.94

Exercise price $333.94/share Exercise of derivative security on May 6, 2026

Shares held after 22,831.9 shares Direct common stock holdings following transactions

Remaining option grant 110,000 underlying shares Employee stock option at $390.39, expiring January 31, 2028

Option exercise price $390.39/share Exercise price for remaining employee stock option

Key Terms

Employee Stock Option (right to buy), derivative exercise/conversion, open-market sale, underlying security shares

4 terms

Employee Stock Option (right to buy) financial

"security_title: "Employee Stock Option (right to buy)""

derivative exercise/conversion financial

"transaction_action: "derivative exercise/conversion""

open-market sale financial

"transaction_action: "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

underlying security shares financial

"underlying_security_shares: "110000.0000""

Form 4 Insider Transactions: What Each Field Means →

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).

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^*

Booth Kenneth

(Last) (First) (Middle)

25505 WEST TWELVE MILE ROAD

(Street)

SOUTHFIELD MICHIGAN 48034

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CREDIT ACCEPTANCE CORP [ CACC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/06/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	05/06/2026		M		4,000	A	$333.94	26,831.9	D
Common Stock	05/06/2026		S		4,000	D	$554	22,831.9	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	05/06/2026		M			4,000	12/30/2024	12/30/2026	Common Stock	4,000	$0	30,000	D
Employee Stock Option (right to buy)	$390.39							04/28/2025	01/31/2028	Common Stock	110,000		110,000	D

Explanation of Responses:

Remarks:

	/s/ Kenneth S. Booth	05/08/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did CACC director Kenneth Booth report?

Kenneth Booth reported exercising options for 4,000 CREDIT ACCEPTANCE CORP shares at $333.94, then selling 4,000 shares at $554.00 on May 6, 2026. These transactions reflect an exercise-and-sell pattern rather than a net new share purchase.

How many CREDIT ACCEPTANCE (CACC) shares does Kenneth Booth hold after this filing?

Following the May 6, 2026 transactions, Kenneth Booth directly holds 22,831.9 shares of CREDIT ACCEPTANCE CORP common stock. This figure reflects his position after exercising options for 4,000 shares and selling 4,000 shares in an open-market transaction.

At what prices did Kenneth Booth exercise and sell CACC shares?

Booth exercised options to acquire 4,000 CREDIT ACCEPTANCE CORP shares at $333.94 per share and sold 4,000 shares at $554.00 per share. The filing characterizes the sale as an open-market or private transaction under transaction code “S.”

What stock options on CACC does Kenneth Booth still hold?

Booth holds an employee stock option labeled as a right to buy CREDIT ACCEPTANCE CORP common stock. It covers 110,000 underlying shares at a $390.39 exercise price and carries an expiration date of January 31, 2028, according to the derivative position summary.

Does the CACC Form 4 show an option exercise by Kenneth Booth?

Yes. The Form 4 reports a derivative exercise of 4,000 CREDIT ACCEPTANCE CORP shares on May 6, 2026, at an exercise price of $333.94 per share, classified with transaction code “M” for exercise or conversion of a derivative security.