CACC CREDIT ACCEPTANCE CORP Insider Trading

Chief Transformation Officer Elliott sells 3,379 shares for $1,947,891.96 via scheduled 10b5-1 plan at CACC

Nicholas J Elliott sold 5 separate tranches totaling 3,379 shares for $1,947,891.96 on May 29-June 1, 2026, executing a pre-arranged 10b5-1 trading plan rather than a discretionary decision. His non-derivative holdings declined from 24,276 shares to 20,897 shares, a reduction of 13.9% of his pre-transaction holdings, but he retains 7,143 and 7,084 shares in Employee Stock Options, preserving material upside exposure. The blended sale price of $576.47 compares favorably to the current price of $541.94, though the company's P/E of 12.50 and annual revenue growth of 7.2% reflect a modestly valued, growing business, and his prior trades at CACC have generated modest positive returns in the 30- and 90-day windows (ranging from 1.2% to 2.1%).

COO Jonathan Lum sells 5,000 CACC shares at $575.00 under pre-arranged 10b5-1 plan; retains 31,608 shares plus 19,500 options

Jonathan Lum, Chief Operating Officer, sold 5,000 shares of CREDIT ACCEPTANCE CORP for $2,875,000.00 on 2026-05-29 as part of a pre-arranged 10b5-1 trading plan, reducing his non-derivative holdings from 36,608 to 31,608 shares. The sale occurred at $575.00, near the 52-week high of $579.80, with the stock having advanced 7.4% over the prior 30 days and 10.6% over 90 days. Lum retains substantial ownership through 31,608 non-derivative shares and 19,500 employee stock options, indicating continued material exposure to the company. At CACC specifically, his two most recent sales on 2026-05-06 and 2026-04-20 were followed by 30-day returns of +2.1% and +4.3% respectively and 90-day returns of +2.1% and +5.0%—outcomes suggesting those prior transactions were not well-timed relative to subsequent price momentum. The scheduled nature of this sale under a 10b5-1 plan indicates this transaction reflects a pre-arranged calendar schedule rather than discretionary trading judgment.

Director Kenneth Booth sold 4,000 shares of CACC at $574.00 on 2026-05-29 per scheduled 10b5-1 plan; retains 22,831 shares plus 14,000 stock options.

Kenneth Booth, a Director at Credit Acceptance Corp, sold 4,000 shares (valued at $2,296,000.00) pursuant to a pre-arranged 10b5-1 trading plan, reducing his non-derivative holdings from 26,831 to 22,831 shares. His prior sales at CACC over the preceding two weeks generated modestly positive 30-day and 90-day returns (ranging from 1.4% to 4.2%), while his cross-ticker track record shows an average 90-day return of +1.5% following prior sales. The transaction occurred at $574.00, near the 52-week high of $579.80, with the stock currently trading at $541.94 (-6.5% from that peak). The company's fundamentals remain solid—$580.0M in latest quarterly revenue, $135.8M net income, 7.2% annual revenue growth, and a P/E of 12.50—providing context that this is a scheduled portfolio action rather than a discretionary response to market conditions.

CLO Erin J Kerber sells 3,546 shares at $576.46 avg for $2.0M in scheduled 10b5-1 transactions

Erin J Kerber, Chief Legal Officer of Credit Acceptance Corp (CACC), executed 5 separate sales totaling 3,546 shares for $2,044,140.04 across two trading dates (May 29 and June 1, 2026) at prices ranging from $575.25 to $578.67, with a blended average price of $576.46. The sales reduce her non-derivative holdings from 29,256 to 25,710 shares, a 12.1% reduction in that portion of her stake. This transaction is part of a pre-arranged 10b5-1 trading plan, indicating it was scheduled rather than discretionary. She retains 14,907 derivative shares through employee stock options (7,484 and 7,423 shares), maintaining meaningful exposure to the company. The stock trades at $541.94 currently, 6.5% below its 52-week high of $579.80, and has posted strong recent momentum: +7.4% over 30 days and +10.6% over 90 days. The company demonstrates solid fundamentals with $135.8M net income on $580.0M revenue and a modest 12.50 P/E ratio.

CFO Jay D Martin sells 2,907 CACC shares for $1.7M under pre-arranged 10b5-1 plan; retains 25,963 shares plus derivative holdings.

Jay D Martin, CACC's Chief Financial Officer, executed 5 separate sales totaling 2,907 shares for $1,675,250.54 on May 29 and June 1, 2026, at a blended average price of $576.28. The sales reduce his non-derivative holdings by 10.1%, from 28,870 shares to 25,963 shares, though he retains 15,237 shares in derivative form (stock options). Critically, this transaction is scheduled under a pre-arranged 10b5-1 trading plan, meaning it reflects a commitment made in advance rather than a discretionary response to current market conditions. Against the current price of $541.94 (6.5% below the 52-week high), the sales executed near the top of the range; however, attribution to insider conviction is precluded by the scheduled nature of the trade. The company's fundamentals remain solid with $580.0M quarterly revenue, $135.8M net income, and a P/E of 12.50, indicating no apparent operational distress signaling the trade.

Elliott Nicholas J (CTO) sold 1,815 shares across 6 transactions for $1,002,618.45 on 2026-05-18 via pre-arranged 10b5-1 plan.

Elliott Nicholas J, Chief Transformation Officer at Credit Acceptance Corp, executed 6 separate sales totaling 1,815 shares for $1,002,618.45, reducing his holdings from 22,712 shares to 20,897 shares (an 8.0% reduction). The sales occurred at prices ranging from $550.19 to $556.30 with a blended average price of $552.41, slightly below the current price of $557.94. This transaction is part of a pre-arranged 10b5-1 trading plan, meaning the sales were scheduled and not discretionary. The stock has appreciated 2.8% over the past 30 days and 14.9% over the past 90 days, and currently trades at $557.94, just 1.3% below its 52-week high of $565.14. The company maintains strong fundamentals with quarterly revenue of $580,000,000.00 and net income of $135,800,000.00, with an annual revenue growth of 7.2% and a P/E of 12.87.

CFO Martin Jay D sold 1,561 shares for $862.6K under 10b5-1 plan; post-sale holdings 26.0K shares.

Martin Jay D, Chief Financial Officer of Credit Acceptance Corp, executed six separate sales totaling 1,561 shares for $862,593.96 on 2026-05-18, reducing his holdings from 27,524 to 25,963 shares (-5.7%). This transaction is part of a pre-arranged 10b5-1 trading plan, meaning the sales were scheduled and not discretionary. The blended average price was $552.59, near the current price of $557.94. The stock has risen 2.8% over 30 days and 14.9% over 90 days, while the P/E stands at 12.87 and market cap is $5.8B, reflecting stable fundamentals with 7.2% annual revenue growth. His prior trades at CACC (all five in early May 2026) showed negative 30-day and 90-day returns, though scheduled plan execution should not be interpreted through timing characterizations.

Chief People Officer Rummler sells 1,994 shares (2.0K) for $1,100,782.81 ($1.1M) via 10b5-1 plan

Wendy A Rummler, Chief People Officer at CREDIT ACCEPTANCE CORP, executed 5 separate sales totaling 1,994 shares for $1,100,782.81 on 2026-05-18, reducing her holdings to 19,547 shares (-9.3% vs pre-transaction). The transaction occurred under a pre-arranged 10b5-1 trading plan, indicating this sale was scheduled rather than discretionary. At the time of sale, the blended average price was $552.05, near current price of $557.94 and within the recent range. The company shows solid fundamentals with latest-quarter revenue of $580,000,000.00, net income of $135,800,000.00, and a P/E of 12.87. Prior sales by this executive at CACC have generated mixed 30-day and 90-day returns ranging from -3.0% to -0.4%, reflecting limited timing signal. The routine nature of the 10b5-1 sale and the executive's continued substantial holding of 19,547 shares provide no indication of material concern.

CLO Erin J Kerber sold 1,903 shares for $1,051,225.87 under 10b5-1 plan; retains 25,710 shares.

Erin J Kerber, Chief Legal Officer, executed 7 separate sales on 2026-05-18 totaling 1,903 shares for $1,051,225.87 (blended average $552.40), reducing holdings from 27,613 to 25,710 shares. The transaction is part of a pre-arranged 10b5-1 trading plan, meaning it is scheduled rather than discretionary. Current stock price is $557.94, within 1.3% of the 52-week high, and the broader context shows strong recent momentum (+14.9% over 90 days). The insider's prior 5 same-ticker sales at CACC each showed negative 30-day and 90-day returns ranging from -0.4% to -2.0%, though the scheduled nature of this transaction precludes any timing-based inference about insider intent or market outlook.

Director Kenneth Booth sold 8,000 shares of CACC for $4,432,000.00 in two transactions on 2026-05-18 and 2026-05-19.

Kenneth Booth, Director, executed two separate sales totaling 8,000 shares (8.0K shares) for $4,432,000.00 at $554.00 per share, reducing his holdings from 30,831 shares to 22,831 shares (a -25.9% reduction). The stock currently trades at $557.94, only -1.3% from its 52-week high of $565.14, and has appreciated +2.8% over 30 days and +14.9% over 90 days. Booth's prior trades at CACC show only 1 of 5 prior sells were well-timed at the 90-day mark. Given the company's fundamentals—$580.0M quarterly revenue, $135.8M net income, +7.2% annual revenue growth, and 12.87 P/E—the stock's position near 52-week highs and recent uptrend provide context for the timing, though his cross-ticker track record shows a 33.33% well-timed rate on prior sales with an average +0.5% 90-day return.