CREDIT ACCEPTANCE CORP 10-Q

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS Stock Repurchases The following table summarizes stock repurchases for the three months ended March 31, 2022: ISSUER PURCHASES OF EQUITY SECURITIES Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1) Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs (1) January 1 to January 31, 2022 — $ — — 1,625,550 February 1 to February 28, 2022 320,260 (2) 537.90 318,515 1,307,035 March 1 to March 31, 2022 483,475 518.51 483,475 823,560 803,735 $ 526.24 801,990 (1) On September 28, 2021, o ur board of directors authorized the repurchase by us from time to time of up to two million shares of our common stock (the "September 2021 Authorization"). The September 2021 Authorization, which was announced on October 1, 2021, does not have a specified expiration date. Repurchases under the September 2021 Authorization may be made in the open market, throug h privately negotiated transactions, through block trades, pursuant to trading plans adopted in accordance with Rule 10b5‑1 under the Securities Exchange Act of 1934 or otherwise. (2) Amount includes 1,745 shares of common stock released to us by team members as payment of tax withholdings upon the conversion of restricted stock units to common stock and the vesting of restricted stock and restricted stock units. 57 Table of Contents ITEM 6. EXHIBITS Exhibit No. Description 3.1 Amended and Restated Bylaws (incorporated by reference to the Company’s Current Report on Form 8‑K filed March 7, 2022). 4.1 Description of Common Stock of Credit Acceptance Corporation. 31.1 Certification of principal executive officer and principal financial officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. 32.1 Certification of principal executive officer and principal financial officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. 101(SCH) Inline XBRL Taxonomy Extension Schema Document. 101(CAL) Inline XBRL Taxonomy Extension Calculation Linkbase Document. 101(DEF) Inline XBRL Taxonomy Extension Definition Linkbase Document. 101(LAB) Inline XBRL Taxonomy Extension Label Linkbase Document. 101(PRE) Inline XBRL Taxonomy Extension Presentation Linkbase Document. 104 Cover Page Interactive Data File (included in the Exhibit 101 Inline XBRL Document Set). * Management contract or compensatory plan or arrangement. 58 Table of Contents SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. CREDIT ACCEPTANCE CORPORATION (Registrant) By: /s/ Jay D. Martin Jay D. Martin Senior Vice President, Finance and Accounting (Chief Accounting Officer) Date: May 2, 2022 59