| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ENVA | Non-Qualified Stock Option (right to buy) with limited SAR | Award | $0 | +8.1K | +3.58% | $0.00 | 235K | Feb 8, 2022 | Common stock, par value $0.00001 per share | 8.1K | $45.00 | Direct | F1, F2, F3, F4 |
| Id | Content |
|---|---|
| F1 | The limited stock appreciation right ("SAR") and employee stock option were granted in tandem. Accordingly, the exercise of one results in the expiration of the other. The SAR may be exercised only during the period beginning on the first day following the date that a "Change in Control" of Issuer occurs (as defined in the related grant agreement) and ending on the thirtieth day following such date. Upon exercise, the grantee shall be able to receive an amount equal to the product computed by multiplying (i) the excess of the "Offer Value Per Share" over the exercise price of the underlying option by (ii) the number of shares with respect to which the SAR is being exercised; provided, that such amount shall only be payable in the event an "Offer" is made. |
| F2 | The "Offer Value Per Share" means the average selling price of Issuer's common stock during the period of 30 days ending on the date on which the SAR is exercised. "Offer" means any tender offer or exchange offer for outstanding shares of Issuer representing at least 30% of the total voting power of the stock of Issuer, or an offer to purchase assets from Issuer that have a total gross fair market value equal to or more than 40% of the total gross fair market value of all of the assets of Issuer, other than an offer made by Issuer. |
| F3 | The original Form 4, filed February 10, 2022, is being amended by this Form 4 Amendment solely to correct an administrative error, which misreported the grant of options on February 8, 2022 as a grant of 7,205 when the correct reported grant of options should have 8,102 shares. As a result of the administrative error, the total number of derivative securities beneficially owned following the transaction should be reported as 234,564 instead of the previously reported 233,667. |
| F4 | The options shall vest in substantially equal one-third increments on each of the following dates as long as grantee serves as an employee of Issuer or an affiliate thereof through the applicable vesting date: February 8, 2023, February 8, 2024 and February 8, 2025. |