Christopher Lutes - Mar 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
Mar 15, 2022
Transactions value $
-$74,566
Form type
4
Date filed
3/17/2022, 04:18 PM
Previous filing
Feb 17, 2022
Next filing
May 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ELVT Common Stock Options Exercise +30.6K +5.92% 546K Mar 15, 2022 Direct F2
transaction ELVT Common Stock Tax liability -$36.6K -12K -2.2% $3.05 534K Mar 15, 2022 Direct F3
transaction ELVT Common Stock Options Exercise +31.7K +5.94% 566K Mar 15, 2022 Direct F2
transaction ELVT Common Stock Tax liability -$38K -12.5K -2.2% $3.05 554K Mar 15, 2022 Direct F3
holding ELVT Common Stock 114K Mar 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 -30.6K -33.33% $0.00 61.1K Mar 15, 2022 Common Stock 30.6K Direct F2, F4
transaction ELVT Restricted Stock Unit (RSU) Options Exercise $0 -31.7K -25% $0.00 95.2K Mar 15, 2022 Common Stock 31.7K Direct F2, F5
transaction ELVT Restricted Stock Unit (RSU) Award $0 +100K $0.00 100K Mar 15, 2022 Common Stock 100K 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.