Steven E. Cunningham - 08 Feb 2023 Form 4 Insider Report for Enova International, Inc. (ENVA)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
10 Feb 2023, 17:49:07 UTC
Prior SEC filing
09 Feb 2023
Next SEC filing
14 Dec 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Sean Rahilly

Key filing fact

Steven E. Cunningham filed Form 4 for Enova International, Inc. (ENVA) on 10 Feb 2023.

Key facts

  • This page summarizes Steven E. Cunningham's Form 4 filing for Enova International, Inc. (ENVA).
  • 4 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 10 Feb 2023, 17:49.

Change

  • Previous filing in this sequence was filed on 09 Feb 2023.
  • Current net transaction value: -$466,193.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ENVA transaction

Common Stock, par value $0.00001

Tax liability

Transaction value
$179,038
Shares
-3,461
Change %
-1.9%
Price
$51.73
Shares after
174,895
Date
08 Feb 2023
Ownership
Direct
Footnotes
F1, F2
ENVA transaction

Common Stock, par value $0.00001

Award

Transaction value
$0
Shares
+23,110
Change %
+13%
Price
$0.000000
Shares after
198,005
Date
08 Feb 2023
Ownership
Direct
Footnotes
F3
ENVA transaction

Common Stock, par value $0.00001

Tax liability

Transaction value
$287,155
Shares
-5,675
Change %
-2.9%
Price
$50.60
Shares after
192,330
Date
09 Feb 2023
Ownership
Direct
Footnotes
F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ENVA transaction Derivative

Non-Qualified Stock Option (right to buy) with limited SAR

Award

Transaction value
$0
Shares
+11,261
Change %
+4.1%
Price
$0.000000
Shares after
287,216
Date
08 Feb 2023
Ownership
Direct
Underlying class
Common stock, par value $0.00001 per share
Underlying amount
11,261
Exercise price
$52.41
Footnotes
F4, F5, F6
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

This transaction represents the withholding by Enova International, Inc. ("Issuer") of Issuer's shares to pay taxes in connections with the vesting of restricted stock units on the Transaction Date. The timing and amount of the transaction were determined by the terms of the applicable restricted stock and were not within the control of the Reporting Person.

Footnote F2

Includes timed-based restricted stock units previously granted to the Reporting Person.

Footnote F3

This transaction reflects a grant of restricted stock units that shall vest in substantially equal one-fourth increments on each of the following dates as long as grantee serves as an employee of the Issuer or an affiliate thereof through the applicable vesting date: February 8, 2024, February 8, 2025, February 8, 2026 and February 8, 2027.

Footnote F4

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.

Footnote F5

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.

Footnote F6

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, 2024, February 8, 2025 and February 8, 2026.

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