Meryl S Paul 2023 Trust Plans to Sell Common Shares of Credit Acceptance Corp

The Meryl S Paul 2023 Trust has filed a Form 144 with the SEC, indicating its intention to sell 40,000 common shares of Credit Acceptance Corp. The shares were acquired on September 11, 2011, through a GRAT Remainder transaction. The proposed sale is part of a pre-paid variable share forward contract with an affiliate of UBS Securities LLC. The sale is expected to occur on or around October 17, 2025, and will be based on the closing price of the issuer's common shares at the maturity date. The aggregate market value of the shares to be sold is approximately $19,560,000. The trust has reported no securities sold in the past three months. The filing also notes that transactions by the Meryl S Paul 2023 Trust should be aggregated with those of the Jill Foss Watson Living Trust up to 10,000 shares. Todd Watson, a co-Trustee of the Seller, is the spouse of Jill Foss Watson, who is a 10% holder of CACC.