Form 4: Credit Acceptance Officer's Routine Stock Transaction

Credit Acceptance Corp's Chief Marketing and Product Officer, Andrew K. Rostami, disposed of shares to cover tax obligations from vested restricted stock units.

Summary

• Andrew K. Rostami, Chief Marketing and Product Officer of Credit Acceptance Corp (CACC), reported a transaction on October 31, 2025.
• The transaction involved the disposition of 483.5 shares of common stock at a price of $447.34 per share.
• This disposition was to satisfy tax withholding obligations related to the vesting and settlement of restricted stock units.
• Following this transaction, Mr. Rostami beneficially owns 24,995 shares of common stock, which includes 22,572 unvested restricted stock units.
• Mr. Rostami also holds employee stock options to purchase 16,000 shares of common stock at an exercise price of $585.93 per share.
• These options are exercisable in four equal annual installments, beginning on April 18, 2023, and expire on April 18, 2028.

Sentiment

Score: 6

Explanation: The transaction is a routine tax-related disposition following the vesting of restricted stock units, which is a positive event for the executive. It does not indicate any negative sentiment from the insider regarding the company's prospects, nor does it signal any significant positive news for investors beyond the routine nature of equity compensation.

Positives

• The vesting of restricted stock units indicates the achievement of performance milestones or tenure, which is a positive for the executive.
• The executive continues to hold a significant number of shares and options, aligning interests with shareholders.

Negatives

• A disposition of shares occurred, reducing the direct beneficial ownership by 483.5 shares. However, this was for tax purposes, not a discretionary sale.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future performance. It solely reports an insider transaction.

Industry Context

This Form 4 filing reports a routine insider transaction for tax purposes and does not provide information relevant to broader industry trends or competitor analysis.

Comparison to Industry Standards

• Not applicable. This filing details a standard insider transaction for tax withholding, which is a common practice across all industries for executives receiving equity compensation.

Stakeholder Impact

• Minimal impact on shareholders, as this is a routine, non-discretionary transaction for tax purposes.
• Positive for the reporting executive, Andrew K. Rostami, as it reflects the vesting of equity compensation.

Key Dates

Recommendation

This Form 4 filing reports a routine, non-discretionary disposition of shares by an executive to cover tax obligations upon the vesting of restricted stock units. Such a transaction does not reflect a change in the executive's investment sentiment or the company's fundamental performance. Therefore, it provides no new information that would warrant a change in an investor's current position on the stock.

Keywords

CACC, Credit Acceptance Corp, Form 4, insider transaction, restricted stock units, RSU, tax withholding, equity compensation