Christopher Lutes - May 18, 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: May 18, 2022
Transactions value $: -$29,488
Form type: 4
Date filed: 5/20/2022, 03:20 PM
Previous filing: Mar 17, 2022
Next filing: Aug 5, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ELVT	Common Stock	Options Exercise		+32.7K	+5.49%		627K	May 18, 2022	Direct	F2
transaction	ELVT	Common Stock	Tax liability	-$29.5K	-12.7K	-2.02%	$2.33	615K	May 18, 2022	Direct	F3
holding	ELVT	Common Stock						114K	May 18, 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	-32.7K	-100%	$0.00^*	0	May 18, 2022	Common Stock	32.7K		Direct	F2, F4

* 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 May 18, 2018 such that the RSUs shall be fully vested on May 18, 2022.