DOUGLAS W. BUSK - 04 May 2022 Form 4 Insider Report for CREDIT ACCEPTANCE CORP (CACC)

Role: Chief Treasury Officer
Signature: /s/ Douglas W. Busk
Issuer symbol: CACC
Transactions as of: 04 May 2022
Transactions value $: -$1,432,328
Form type: 4
Filing time: 06 May 2022, 16:07:51 UTC
Previous filing: 05 Nov 2021
Next filing: 01 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CACC	Common Stock	Options Exercise	$1.67M	+5K	+77.72%	$333.94	11.4K	04 May 2022	Direct	F1
transaction	CACC	Common Stock	Sale	-$417K	-677	-5.92%	$616.31	10.8K	04 May 2022	Direct	F1
transaction	CACC	Common Stock	Sale	-$1.36M	-2.2K	-20.45%	$619.68	8.56K	04 May 2022	Direct	F1
transaction	CACC	Common Stock	Sale	-$683K	-1.1K	-12.86%	$621.34	7.46K	04 May 2022	Direct	F1, F2
transaction	CACC	Common Stock	Sale	-$187K	-300	-4.02%	$622.58	7.16K	04 May 2022	Direct	F1, F3
transaction	CACC	Common Stock	Sale	-$437K	-700	-9.78%	$624.00	6.46K	04 May 2022	Direct	F1
transaction	CACC	Common Stock	Sale	-$14.4K	-23	-0.36%	$627.91	6.43K	04 May 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CACC	Employee Stock Option (right to buy)	Options Exercise	$0	-5K	-10.87%	$0.00	41K	04 May 2022	Common Stock	5K	$333.94	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 6,433 vested restricted stock units that were granted under the Company's Incentive Compensation Plan.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $621.25 to $622.12, 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.
F3	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $622.47 to $622.64, inclusive.
F4	The option, initially representing a right to purchase 46,000 shares, is exercisable in four equal installments beginning on December 30, 2021, which was the first anniversary of the date on which the option was granted.