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

Role
President and CEO, Director
Signature
/s/Nelda Bruce, as attorney-in-fact
Stock symbol
ELVT
Transactions as of
Mar 15, 2022
Transactions value $
-$276,455
Form type
4
Date filed
3/17/2022, 04:19 PM
Previous filing
Feb 17, 2022
Next filing
May 20, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ELVT Common Stock Options Exercise +61.1K +12.91% 534K Mar 15, 2022 Direct F1
transaction ELVT Common Stock Tax liability -$73.3K -24K -4.5% $3.05 510K Mar 15, 2022 Direct F2
transaction ELVT Common Stock Options Exercise +169K +33.16% 680K Mar 15, 2022 Direct F1
transaction ELVT Common Stock Tax liability -$203K -66.6K -9.8% $3.05 613K Mar 15, 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 -61.1K -33.33% $0.00 122K Mar 15, 2022 Common Stock 61.1K Direct F1, F3
transaction ELVT Restricted Stock Unit (RSU) Options Exercise $0 -169K -25% $0.00 508K Mar 15, 2022 Common Stock 169K Direct F1, F4
transaction ELVT Restricted Stock Unit (RSU) Award $0 +550K $0.00 550K Mar 15, 2022 Common Stock 550K 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.