Christopher Lutes - 15 Mar 2022 Form 4 Insider Report for Elevate Credit, Inc.

Role
Chief Strategy Officer
Signature
/s/Nelda Bruce, as attorney-in-fact
Issuer symbol
N/A
Transactions as of
15 Mar 2022
Net transactions value
-$74,566
Form type
4
Filing time
17 Mar 2022, 16:18:58 UTC
Previous filing
17 Feb 2022
Next filing
19 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ELVT Common Stock Options Exercise +30,555 +5.9% 546,283 15 Mar 2022 Direct F2
transaction ELVT Common Stock Tax liability $36,579 -11,993 -2.2% $3.05 534,290 15 Mar 2022 Direct F3
transaction ELVT Common Stock Options Exercise +31,731 +5.9% 566,021 15 Mar 2022 Direct F2
transaction ELVT Common Stock Tax liability $37,988 -12,455 -2.2% $3.05 553,566 15 Mar 2022 Direct F3
holding ELVT Common Stock 113,822 15 Mar 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 -30,555 -33% $0.000000 61,111 15 Mar 2022 Common Stock 30,555 Direct F2, F4
transaction ELVT Restricted Stock Unit (RSU) Options Exercise $0 -31,731 -25% $0.000000 95,192 15 Mar 2022 Common Stock 31,731 Direct F2, F5
transaction ELVT Restricted Stock Unit (RSU) Award $0 +100,000 $0.000000 100,000 15 Mar 2022 Common Stock 100,000 Direct F2, F6
* 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 March 15, 2020 such that the RSUs shall be fully vested on March 15, 2024.
F5 The RSUs shall vest as to one-fourth (1/4th) of the applicable RSUs on each anniversary of March 15, 2021 such that the RSUs shall be fully vested on March 15, 2025.
F6 The RSUs shall vest as to one-third (34%, 33%, 33%, respectively) of the applicable RSUs on each anniversary of March 15, 2022, such that the RSUs shall be fully vested on March 15, 2025.