Christopher Lutes - May 18, 2021 Form 4 Insider Report for Elevate Credit, Inc. (ELVT)

Role
Chief Financial Officer
Signature
/s/ Chad Bradford, as attorney-in-fact
Stock symbol
ELVT
Transactions as of
May 18, 2021
Transactions value $
-$142,503
Form type
4
Date filed
5/20/2021, 07:03 PM
Next filing
Jun 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ELVT Common Stock Options Exercise +32.7K +7.86% 448K May 18, 2021 Direct F2
transaction ELVT Common Stock Tax liability -$45.3K -12.8K -2.86% $3.53 436K May 18, 2021 Direct F3
transaction ELVT Common Stock Options Exercise +70.2K +16.11% 506K May 19, 2021 Direct F2
transaction ELVT Common Stock Tax liability -$97.2K -27.5K -5.45% $3.53 478K May 19, 2021 Direct F3
holding ELVT Common Stock 114K May 18, 2021 By the Lutes Family Living Trust F1

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 ELVT Restricted Stock Unit (RSU) Options Exercise $0 -32.7K -50% $0.00 32.7K May 18, 2021 Common Stock 32.7K Direct F2, F4
transaction ELVT Restricted Stock Unit (RSU) Options Exercise $0 -70.2K -100% $0.00* 0 May 19, 2021 Common Stock 70.2K Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Lutes and his spouse, Moshira Lutes, are the voting trustees of the Lutes Family Living Trust.
F2 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Elevate Credit, Inc. common stock.
F3 These shares were withheld by Issuer to satisfy tax withholding obligations.
F4 The RSUs shall vest as to one-fourth (1/4th) of the applicable RSUs on each anniversary of May 18, 2018 such that the RSUs shall be fully vested on May 18, 2022.
F5 The RSUs shall vest as to one-fourth (1/4th) of the applicable RSUs on each anniversary of May 19, 2017 such that the RSUs shall be fully vested on May 19, 2021.