ULATOWSKI DANIEL A. 4
4 · CREDIT ACCEPTANCE CORP · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
CACC Chief Sales Officer Daniel Ulatowski Exercises Options, Sells Shares
What Happened
Daniel A. Ulatowski, Chief Sales Officer of Credit Acceptance Corporation (CACC), exercised derivative awards and immediately sold the resulting shares. On January 30, 2026 he exercised 589 shares at an exercise price of $333.94 (cost $196,691) and sold 589 shares in open-market transactions at a weighted average price of $500.12, yielding about $294,571. Additionally, 951.6 shares were disposed on January 31, 2026 to satisfy tax withholding obligations valued at $498.24 per share (about $474,125). The Form 4 also shows a derivative disposition of 589 shares at $0, which reflects the conversion/surrender of the derivative in the exercise.
Key Details
- Transaction dates: January 30, 2026 (exercise and sale) and January 31, 2026 (tax withholding). Form filed February 3, 2026; no late filing flag shown.
- Exercise (code M): 589 shares exercised at $333.94 (total cash cost reported $196,691).
- Sale (code S): 589 shares sold at a weighted average price of $500.12 (total proceeds ~$294,571). Footnote: sale prices ranged $500.00–$500.19.
- Tax withholding (code F): 951.6 shares withheld/disposed at $498.24 for tax obligations (total ~$474,125). Footnote indicates these shares were withheld to satisfy tax withholding on RSU vesting/settlement.
- Derivative entry: 589 shares listed as disposed at $0 reflecting conversion/surrender of the derivative upon exercise.
- Post-transaction holdings: the filing does not state a total share count held after these transactions; it notes certain shares are held of record by Daniel and Barbara Ulatowski as trustees of the D. & B. Ulatowski Living Trust.
Context
This was effectively a cashless exercise — options/derivatives were converted to shares and some or all of the resulting shares were immediately sold, with additional shares withheld to cover taxes. Such transactions are common for executives exercising equity awards to cover exercise costs and tax obligations and are not in themselves a direct signal of personal confidence or lack thereof.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-01-30$333.94/sh+589$196,691→ 28,879 total - Sale
Common Stock
[F1]2026-01-30$500.12/sh−589$294,571→ 28,290 total - Tax Payment
Common Stock
[F2]2026-01-31$498.24/sh−951.6$474,125→ 27,338.4 total - Exercise/Conversion
Employee Stock Option (right to buy)
2026-01-30−589→ 32,411 totalExercise: $333.94From: 2024-12-30Exp: 2026-12-30→ Common Stock (589 underlying)
- 4,000(indirect: By Trust)
Common Stock
[F3]
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 $500.00 to $500.19, 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]Shares withheld to satisfy tax withholding obligations in conjunction with the vesting and settlement of restricted stock units to shares of common stock.
- [F3]These shares are owned of record by Daniel A. Ulatowski and Barbara Ulatowski, spouse of Mr. Ulatowski, as trustees of the D.&.B. Ulatowski Living Trust.