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CREDIT ACCEPTANCE (CACC) director Booth reports multiple stock sales and large option holdings

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Credit Acceptance Corp director Kenneth Booth reported multiple stock sales. On February 4, 2026, he sold 1,207 shares of common stock at a weighted average price of $513.29, leaving him with 26,844.4 shares directly owned afterward.

On February 6, 2026, Booth sold an additional 1,212 shares at $508.36 and 800.5 shares at $511.14, after which he directly held 25,632.4 and then 24,831.9 common shares. He also holds employee stock options to acquire 110,000 shares at an exercise price of $390.39 exercisable from April 28, 2025 to January 31, 2028, and options on 38,000 shares at $333.94 exercisable from December 30, 2024 to December 30, 2026.

Positive

  • None.

Negative

  • None.
Insider Booth Kenneth
Role Director
Sold 3,219.5 shs ($1.64M)
Type Security Shares Price Value
Sale Common Stock 1,212 $508.36 $616K
Sale Common Stock 800.5 $511.14 $409K
Sale Common Stock 1,207 $513.29 $620K
holding Employee Stock Option (right to buy) -- -- --
holding Employee Stock Option (right to buy) -- -- --
Holdings After Transaction: Common Stock — 25,632.4 shares (Direct); Employee Stock Option (right to buy) — 110,000 shares (Direct)
Footnotes (1)
  1. [object Object]
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).
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 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)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
02/04/2026
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 02/04/2026 S 1,207 D $513.29(1) 26,844.4 D
Common Stock 02/06/2026 S 1,212 D $508.36 25,632.4 D
Common Stock 02/06/2026 S 800.5 D $511.14 24,831.9 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) $390.39 04/28/2025 01/31/2028 Common Stock 110,000 110,000 D
Employee Stock Option (right to buy) $333.94 12/30/2024 12/30/2026 Common Stock 38,000 38,000 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 $512.41 to $513.36, 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.
Remarks:
/s/ Kenneth S. Booth 02/06/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Kenneth Booth report in this Form 4 for CREDIT ACCEPTANCE (CACC)?

Kenneth Booth reported several open-market sales of Credit Acceptance common stock. He sold 1,207 shares on February 4, 2026 and two additional blocks of 1,212 shares and 800.5 shares on February 6, 2026, all as director-held, directly owned shares.

At what prices did Kenneth Booth sell CACC shares in early February 2026?

Booth’s reported sales occurred at prices slightly above $500 per share. He sold 1,207 shares at a weighted average price of $513.29, then 1,212 shares at $508.36 and 800.5 shares at $511.14, reflecting multiple trades within those price ranges.

How many CREDIT ACCEPTANCE (CACC) shares does Kenneth Booth hold after these transactions?

After the reported transactions, Booth directly owns 24,831.9 Credit Acceptance common shares. His holdings decreased from 26,844.4 shares after the February 4, 2026 sale as subsequent February 6, 2026 sales reduced his directly owned share balance further.

What stock options for CACC does Kenneth Booth currently hold?

Booth holds employee stock options for 110,000 Credit Acceptance shares with a $390.39 exercise price, exercisable from April 28, 2025 to January 31, 2028. He also holds options for 38,000 shares at $333.94, exercisable from December 30, 2024 to December 30, 2026.

Is Kenneth Booth a director or officer of CREDIT ACCEPTANCE (CACC)?

Kenneth Booth is reported as a director of Credit Acceptance Corporation on this Form 4. The filing does not list him as an officer or 10% owner, indicating his reporting status is based on serving on the company’s board of directors.

Were Kenneth Booth’s CACC sales single trades or multiple transactions?

The February 4, 2026 sale is reported using a weighted average price, indicating multiple trades between $512.41 and $513.36. Booth undertakes to provide detailed trade-by-trade pricing information upon request to the company, its security holders, or the SEC staff.