Stephen B. Galasso - Feb 28, 2023 Form 4 Insider Report for Elevate Credit, Inc. (ELVT)

Role: Director
Signature: /s/Nelda Bruce, as attorney-in-fact
Stock symbol: ELVT
Transactions as of: Feb 28, 2023
Transactions value $: -$376,280
Form type: 4
Date filed: 3/2/2023, 04:45 PM
Previous filing: May 17, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ELVT	Common Stock	Disposed to Issuer	-$376K	-201K	-100%	$1.87	0	Feb 28, 2023	By the Stephen and Linda Galasso Family Trust	F1, F2, F3

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)	Disposed to Issuer		-47.2K	-100%		0	Feb 28, 2023	Common Stock	47.2K		Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Stephen B. Galasso is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	131,740 previously reported shares were reported as directly owned and have been retitled and are now owned indirectly by the Stephen and Linda Galasso Family Trust. This Form 4 reflects the correct allocation of shares held directly and indirectly by Mr. Galasso.
F2	Pursuant to the Agreement and Plan of Merger, dated as of November 16, 2022 (the "Merger Agreement"), by and among Elevate Credit, Inc., ("the Company), PCAM Acquisition Corp ("Parent") and PCAM Merger Sub Corp ("Merger Sub"), the Merger Sub merged with and into the Company ("the Merger") with the Company surviving the Merger as a wholly owned subsidiary of Parent. Pursuant to the Merger Agreement, at the effective time of the Merger, each share of the Company's Common Stock, par value $0.0004 per share, was cancelled and converted into the right to receive $1.87 in cash.
F3	Mr. Galasso and his spouse, Linda Galasso, are the voting trustees of the Stephen and Linda Galasso Family Trust.
F4	Pursuant to the Merger Agreement, each restricted stock unit award ("RSU") granted by the Company that is outstanding immediately prior to the effective time of the Merger (whether or not vested) will immediately vest in full and become free of restrictions, and will be cancelled and converted automatically into the right to receive a cash payment equal to the product of (1) the number of shares of Company Common Stock subject to such RSU as of the effective time of the Merger, multiplied by (2) the Merger Consideration. The reporting person was granted 47,210 RSUs on May15,2022, vesting annually on the grant date and converting into common stock on a one-for-one basis.