Scott Greever - Feb 28, 2023 Form 4 Insider Report for Elevate Credit, Inc. (ELVT)

Role: Chief Operating Officer
Signature: /s/Nelda Bruce, as attorney-in-fact
Stock symbol: ELVT
Transactions as of: Feb 28, 2023
Transactions value $: -$206,225
Form type: 4
Date filed: 3/2/2023, 04:50 PM
Previous filing: Feb 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ELVT	Common Stock	Disposed to Issuer	-$206K	-110K	-100%	$1.87	0	Feb 28, 2023	Direct	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	Disposed to Issuer		-10.1K	-100%		0	Feb 28, 2023	Common Stock	10.1K		Direct	F2
transaction	ELVT	Restricted Stock Unit (RSU	Disposed to Issuer		-22.2K	-100%		0	Feb 28, 2023	Common Stock	22.2K		Direct	F3
transaction	ELVT	Restricted Stock Unit (RSU	Disposed to Issuer		-100K	-100%		0	Feb 28, 2023	Common Stock	100K		Direct	F4
transaction	ELVT	Restricted Stock Unit (RSU	Disposed to Issuer		-34.6K	-100%		0	Feb 28, 2023	Common Stock	34.6K		Direct	F5

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

Scott Greever is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	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.
F2	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 40,404 RSUs on August 15, 2019, vesting in four annual installments, beginning on the first anniversary of the grant date and converting into common stock on a one-for-one basis.
F3	Pursuant to the Merger Agreement, each 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 44,444 RSUs on April 3, 2020, vesting in four annual installments, beginning on the first anniversary of the grant date and converting into common stock on a one-for-one basis.
F4	Pursuant to the Merger Agreement, each 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 100,000 RSUs on March 15, 2022, vesting in three annual installments, beginning on the first anniversary of the grant date and converting into common stock on a one-for-one basis.
F5	Pursuant to the Merger Agreement, each 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 43,153 RSUs on March 15, 2021, vesting in four annual installments, beginning on the first anniversary of the grant date and converting into common stock on a one-for-one basis.