CACC Form 4: RSU tax withholding, 24,995 shares owned; 16,000 options

Rhea-AI Filing Summary

Credit Acceptance (CACC) reported an insider equity update. Chief Marketing and Product Officer Andrew K. Rostami recorded a tax-withholding transaction related to RSU vesting, disposing of 483.5 shares at $447.34 on 10/31/2025 (Code F).

After the transaction, he beneficially owns 24,995 shares. This figure includes 22,572 unvested RSUs granted under the company’s Incentive Compensation Plan. He also holds an employee stock option for 16,000 shares with a $585.93 exercise price, expiring on 04/18/2028, which vests in four equal annual installments beginning April 18, 2023.

Insights

Equity compensation analyst

Routine Form 4 showing RSU tax withholding and existing awards.

The filing lists a Code F transaction, which indicates shares were withheld to satisfy taxes upon RSU vesting. The reported amount is 483.5 shares at a price of $447.34 on 10/31/2025, a standard administrative step when restricted stock units settle.

Post-transaction beneficial ownership is 24,995 shares, which includes 22,572 unvested RSUs under the company plan. The insider also holds an employee stock option for 16,000 shares at $585.93, expiring 04/18/2028, vesting in four equal annual installments beginning April 18, 2023.

This update is procedural and does not alter the company’s fundamentals. Actual impact depends on future vesting and exercise decisions by the insider.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Rostami Andrew K

Role Chief Mktg and Product Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	483.5	$447.34	$216K
holding	Employee Stock Option (right to buy)	--	--	--

Holdings After Transaction: Common Stock — 24,995 shares (Direct); Employee Stock Option (right to buy) — 16,000 shares (Direct)

Footnotes (1)

1. Shares withheld to satisfy tax withholding obligations in conjunction with the vesting and settlement of restricted stock units to shares of common stock. Includes 22,572 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. 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.

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^*

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)
10/31/2025

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	10/31/2025		F		483.5(1)	D	$447.34	24,995(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)	$585.93							(3)	04/18/2028	Common Stock	16,000		16,000	D

Explanation of Responses:

1. Shares withheld to satisfy tax withholding obligations in conjunction with the vesting and settlement of restricted stock units to shares of common stock.

2. Includes 22,572 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.

3. 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	11/04/2025
	** 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

What insider transaction did CACC report on this Form 4?

A Code F tax-withholding disposition of 483.5 shares at $447.34 on 10/31/2025 tied to RSU vesting.

What is Andrew K. Rostami’s beneficial ownership in CACC after the transaction?

He beneficially owns 24,995 shares following the reported transaction.

Do Rostami’s reported holdings include unvested RSUs at CACC?

Yes. The ownership figure includes 22,572 unvested RSUs granted under the Incentive Compensation Plan.

What derivative awards does the CACC insider hold and on what terms?

An employee stock option for 16,000 shares at $585.93, expiring 04/18/2028, vesting in four equal annual installments beginning April 18, 2023.

What does Form 4 transaction code F mean for CACC’s insider trade?

Code F indicates shares withheld to satisfy tax obligations upon equity award vesting.

Who is the reporting person and role at CACC?

The reporting person is Andrew K. Rostami, Chief Marketing and Product Officer.