LUM JONATHAN 4
4 · CREDIT ACCEPTANCE CORP · Filed Mar 19, 2024
Insider Transaction Report
Form 4
LUM JONATHAN
Chief Operating Officer
Transactions
- Exercise/Conversion
Common Stock
2024-03-15$333.94/sh+2,500$834,850→ 10,661 total - Sale
Common Stock
2024-03-15$549.57/sh−2,300$1,264,011→ 8,361 total - Exercise/Conversion
Employee Stock Option (right to buy)
2024-03-15−2,500→ 37,500 totalExercise: $333.94Exp: 2026-12-30→ Common Stock (2,500 underlying) - Sale
Common Stock
2024-03-15$551.10/sh−200$110,220→ 8,161 total
Footnotes (3)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $549.19 to $549.80, 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.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $551.06 to $551.14, inclusive.
- [F3]The option, initially representing the right to purchase 40,000 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.