Booth Kenneth 4

What Happened Kenneth Booth, a director of Credit Acceptance Corp (CACC), exercised 4,000 derivative securities and on the same day sold the 4,000 resulting shares. The exercise price was $333.94 per share (cost $1,335,760) and the open-market sale price was $554.00 per share (proceeds $2,216,000). The filing shows the derivative position was extinguished as part of the exercise and sale.

Key Details

• Transaction dates: May 6, 2026 (exercise and sale).
• Exercise: 4,000 shares at $333.94 each — total cash paid $1,335,760 (transaction code M).
• Sale: 4,000 shares at $554.00 each — total proceeds $2,216,000 (transaction code S).
• Derivative entry: 4,000 options shown as disposed/converted with $0 value after exercise (reflects conversion/extinguishment).
• Net proceeds (proceeds minus exercise cost): approximately $880,240 before taxes/fees.
• Shares owned after transaction: not provided in the excerpt of this filing.
• Filing timeliness: Reported May 8, 2026 for a May 6, 2026 transaction — appears to be filed within the normal Form 4 reporting window.

Context Because the exercise and sale occurred the same day, this is effectively an immediate sale of shares obtained via option exercise (commonly done to cover exercise costs and tax obligations). This is a routine insider liquidity event—factual details are provided above; no inference is made about future company performance.