David G. Hanna - 10 Feb 2022 Form 4 Insider Report for Atlanticus Holdings Corp (ATLC)

Role: Executive Chairman, Director, 10%+ Owner
Signature: /s/ David G. Hanna
Issuer symbol: ATLC
Transactions as of: 10 Feb 2022
Net transactions value: -$30,315,863
Form type: 4
Filing time: 14 Feb 2022, 15:15:44 UTC
Next filing: 16 Nov 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ATLC	Common Stock	Options Exercise	$2,780,000	+1,000,000		$2.78^*	1,000,000	10 Feb 2022	Direct
transaction	ATLC	Common Stock	Tax liability	$33,095,863	-473,136	-47%	$69.95	526,864	10 Feb 2022	Direct	F1
holding	ATLC	Common Stock						4,098,072	10 Feb 2022	By LLC	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ATLC	Employee Stock Option (right to buy)	Options Exercise	$0	-1,000,000	-100%	$0.000000^*	0	10 Feb 2022	Common Stock	1,000,000	$2.78	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects shares of Atlanticus Holdings Corporation common stock withheld to satisfy the exercise price and tax withholding obligations upon the exercise of the stock option, based on the closing price of Atlanticus Holdings Corporation common stock on February 10, 2022.
F2	The reporting person disclaims beneficial ownership of these securities except to the extent of the reporting person's pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.
F3	The option vested in full on February 17, 2020 upon satisfaction of the performance criteria.