Christopher Lutes - Aug 15, 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
Aug 15, 2021
Transactions value $
-$40,232
Form type
4
Date filed
8/17/2021, 07:24 PM
Previous filing
Jun 3, 2021
Next filing
Feb 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ELVT Common Stock Options Exercise +27.8K +5.81% 506K Aug 15, 2021 Direct F2
transaction ELVT Common Stock Tax liability -$40.2K -10.9K -2.15% $3.69 497K Aug 15, 2021 Direct F3, F4
holding ELVT Common Stock 114K Aug 15, 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 -27.8K -33.33% $0.00 55.6K Aug 15, 2021 Common Stock 27.8K 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 Includes 1,659 shares of Elevate Credit, Inc. common stock acquired pursuant to Elevate Credit, Inc.'s Employee Stock Purchase Plan ("ESPP") on June 30, 2021.
F5 The RSUs shall vest as to one-fourth (1/4th) of the applicable RSUs on each anniversary of August 15, 2019 such that the RSUs shall be fully vested on August 15, 2023.