Christopher Lutes - Feb 15, 2022 Form 4 Insider Report for Elevate Credit, Inc. (ELVT)

Role
Chief Strategy Officer
Signature
/s/Nelda Bruce, as attorney-in-fact
Stock symbol
ELVT
Transactions as of
Feb 15, 2022
Transactions value $
-$48,351
Form type
4
Date filed
2/17/2022, 05:48 PM
Previous filing
Aug 17, 2021
Next filing
Mar 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ELVT Common Stock Options Exercise +29.4K +5.91% 526K Feb 15, 2022 Direct F2
transaction ELVT Common Stock Tax liability -$48.4K -12.4K -2.34% $3.91 516K Feb 15, 2022 Direct F3, F4
holding ELVT Common Stock 114K Feb 15, 2022 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 -29.4K -50% $0.00 29.4K Feb 15, 2022 Common Stock 29.4K 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 1,995 shares of Elevate Credit, Inc. common stock acquired pursuant to Elevate Credit, Inc.'s Employee Stock Purchase Plan ("ESPP") on December 31, 2021.
F5 The RSUs shall vest as to one-fourth (1/4th) of the applicable RSUs on each anniversary of February 15, 2019 such that the RSUs shall be fully vested on February 15, 2023.