Jason Harvison - 15 Mar 2022 Form 4 Insider Report for Elevate Credit, Inc.

Role
President and CEO, Director
Signature
/s/Nelda Bruce, as attorney-in-fact
Issuer symbol
N/A
Transactions as of
15 Mar 2022
Net transactions value
-$276,455
Form type
4
Filing time
17 Mar 2022, 16:19:09 UTC
Previous filing
17 Feb 2022
Next filing
20 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 +61,111 +13% 534,443 15 Mar 2022 Direct F1
transaction ELVT Common Stock Tax liability $73,346 -24,048 -4.5% $3.05 510,395 15 Mar 2022 Direct F2
transaction ELVT Common Stock Options Exercise +169,231 +33% 679,626 15 Mar 2022 Direct F1
transaction ELVT Common Stock Tax liability $203,109 -66,593 -9.8% $3.05 613,033 15 Mar 2022 Direct F2

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 -61,111 -33% $0.000000 122,222 15 Mar 2022 Common Stock 61,111 Direct F1, F3
transaction ELVT Restricted Stock Unit (RSU) Options Exercise $0 -169,231 -25% $0.000000 507,692 15 Mar 2022 Common Stock 169,231 Direct F1, F4
transaction ELVT Restricted Stock Unit (RSU) Award $0 +550,000 $0.000000 550,000 15 Mar 2022 Common Stock 550,000 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Elevate Credit, Inc. common stock.
F2 These shares were withheld by Issuer to satisfy tax withholding obligations.
F3 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.
F4 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.
F5 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.