[Form 4] CREDIT ACCEPTANCE CORP Insider Trading Activity

Rhea-AI Filing Summary

Credit Acceptance Corp (CACC) reported an equity award to its Chief Executive Officer, who is also a director. On 11/13/2025, the executive acquired 140,000 shares of common stock in the form of restricted stock units under the company’s Incentive Compensation Plan at a price of $0 per share. Following this transaction, the executive beneficially owned 140,502 shares, including 140,471 unvested restricted stock units, each equal to one share of common stock.

The award is part of a long-term compensation plan with time-based vesting over ten years, including 30,000 long-term retirement restricted stock units. Vested retirement units are paid on the fifth anniversary of the executive’s separation date, or the second anniversary if the executive is at least 60 at that time. The filing also discloses an employee stock option for 10,000 shares of common stock at an exercise price of $394.79, exercisable from 05/03/2025 until 05/03/2031.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Hegde Vinayak

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	140,000	$0.00	--
holding	Employee Stock Option (right to buy)	--	--	--

Holdings After Transaction: Common Stock — 140,502 shares (Direct); Employee Stock Option (right to buy) — 10,000 shares (Direct)

Footnotes (1)

1. Represents shares underlying restricted stock units granted to the reporting person under the Company's Incentive Compensation Plan and subject to time-based vesting over a ten year period as part of a long-term compensation plan for the reporting person, of which 30,000 shares represent long-term retirement restricted stock units. The payment date with respect to all of the vested retirement restricted stock units as of the date the reporting person incurs a separation from service (the "Termination Date") shall be the fifth anniversary of the Termination Date, or, if the reporting person has attained the age of 60 or older on the Termination Date, the second anniversary of the Termination Date. Includes 140,471 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.

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^*

Hegde Vinayak

(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
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
11/13/2025

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	11/13/2025		A		140,000(1)	A	$0	140,502(2)	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)	$394.79							05/03/2025	05/03/2031	Common Stock	10,000		10,000	D

Explanation of Responses:

1. Represents shares underlying restricted stock units granted to the reporting person under the Company's Incentive Compensation Plan and subject to time-based vesting over a ten year period as part of a long-term compensation plan for the reporting person, of which 30,000 shares represent long-term retirement restricted stock units. The payment date with respect to all of the vested retirement restricted stock units as of the date the reporting person incurs a separation from service (the "Termination Date") shall be the fifth anniversary of the Termination Date, or, if the reporting person has attained the age of 60 or older on the Termination Date, the second anniversary of the Termination Date.

2. Includes 140,471 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.

Remarks:

	/s/ Vinayak Hegde	11/17/2025
	** 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).
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