SMITH ARTHUR L 4

What Happened
Arthur L. Smith, Chief Analytics Officer at Credit Acceptance Corp (CACC), had 896.5 shares disposed on January 31, 2026 as tax withholding in connection with the vesting/settlement of restricted stock units. The transaction is reported as code F (payment of exercise price or tax liability) at $498.24 per share, resulting in proceeds of about $446,672 (reported).

Key Details

• Transaction date: 2026-01-31
• Transaction type/code: F — shares withheld to satisfy tax withholding on RSU vesting
• Shares withheld/disposed: 896.5 shares at $498.24 per share; total reported value $446,672
• Footnote: F1 — shares were withheld to satisfy tax withholding obligations in conjunction with the vesting and settlement of restricted stock units into common stock
• Shares owned after transaction: not specified in the provided filing details
• Filing date/accession: Form filed 2026-02-03 (no late-filing flag provided in the supplied data)

Context
This is a routine tax-withholding event tied to RSU vesting (a non-market disposition). Shares withheld for taxes reduce the net shares the insider receives and do not represent an open-market sale or a purchase signal. Such withholding transactions are administrative and generally do not indicate the insider’s view of the company’s stock price.