Jason Harvison - 28 Feb 2023 Form 4 Insider Report for Elevate Credit, Inc.

Reporting relationship: President and CEO, Director
Issuer ticker: N/A
Reported as of: 28 Feb 2023
Net transaction value: -$1,061,474
SEC form: 4
Accepted by SEC: 02 Mar 2023, 16:57:15 UTC
Prior SEC filing: 17 Feb 2023
Source filing: View source filing
Reporting owner signature: /s/Nelda Bruce, as attorney-in-fact

Key filing fact

Jason Harvison filed Form 4 for Elevate Credit, Inc. on 02 Mar 2023.

Key facts

This page summarizes Jason Harvison's Form 4 filing for Elevate Credit, Inc..
6 reported transactions and 5 derivative rows are listed below.
Accepted by SEC: 02 Mar 2023, 16:57.

Change

Previous filing in this sequence was filed on 17 Feb 2023.
Current net transaction value: -$1,061,474.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ELVT transaction

Common Stock

Disposed to Issuer

Transaction value: $1,061,474
Shares: -567,633
Change %: -100%
Price: $1.87
Shares after: 0
Date: 28 Feb 2023
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ELVT transaction Derivative

Restricted Stock Unit (RSU)

Disposed to Issuer

Transaction value
Shares: -27,778
Change %: -100%
Price
Shares after: 0
Date: 28 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 27,778
Exercise price
Footnotes: F2

ELVT transaction Derivative

Restricted Stock Unit (RSU)

Disposed to Issuer

Transaction value
Shares: -66,313
Change %: -100%
Price
Shares after: 0
Date: 28 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 66,313
Exercise price
Footnotes: F3

ELVT transaction Derivative

Restricted Stock Unit (RSU)

Disposed to Issuer

Transaction value
Shares: -122,222
Change %: -100%
Price
Shares after: 0
Date: 28 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 122,222
Exercise price
Footnotes: F4

ELVT transaction Derivative

Restricted Stock Unit (RSU)

Disposed to Issuer

Transaction value
Shares: -507,692
Change %: -100%
Price
Shares after: 0
Date: 28 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 507,692
Exercise price
Footnotes: F5

ELVT transaction Derivative

Restricted Stock Unit (RSU)

Disposed to Issuer

Transaction value
Shares: -550,000
Change %: -100%
Price
Shares after: 0
Date: 28 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 550,000
Exercise price
Footnotes: F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Jason Harvison is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 6 footnotes

Footnote 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. Pursuant to the Rollover Agreement dated as of February 27, 2023 (the "Rollover Agreement"), among the reporting person and Parent, the reporting person agreed to contribute 156,355 shares to Parent (the "Rollover") in exchange for shares of common stock of the Parent, effective as of the effective time of the Merger. For purposes of the Rollover, the reporting person's shares were valued at $1.87 per share.

Footnote F2

Pursuant to the Rollover Agreement, among the reporting person and Parent, each outstanding RSU in this grant was cancelled and converted into a right to receive on the vesting date originally applicable to such RSU, subject to the terms applicable to such RSU, shares of Parent Company. The reporting person was granted 111,111 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. For purposes of the Rollover, the reporting person's shares were valued at $1.87 per share.

Footnote F3

Pursuant to the Rollover Agreement, among the reporting person and Parent, each outstanding RSU in this grant was cancelled and converted into a right to receive on the vesting date originally applicable to such RSU, subject to the terms applicable to such RSU, shares of Parent Company. The reporting person was granted 265,251 RSUs on November 21, 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. For purposes of the Rollover, the reporting person's shares were valued at $1.87 per share.

Footnote F4

Pursuant to the Rollover Agreement, among the reporting person and Parent, each outstanding RSU in this grant was cancelled and converted into a right to receive on the vesting date originally applicable to such RSU, subject to the terms applicable to such RSU, shares of Parent Company. The reporting person was granted 244,444 RSUs on March 15, 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. For purposes of the Rollover, the reporting person's shares were valued at $1.87 per share.

Footnote F5

Pursuant to the Rollover Agreement, among the reporting person and Parent, each outstanding RSU in this grant was cancelled and converted into a right to receive on the vesting date originally applicable to such RSU, subject to the terms applicable to such RSU, shares of Parent Company. The reporting person was granted 676,923 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. For purposes of the Rollover, the reporting person's shares were valued at $1.87 per share.

Footnote F6

Pursuant to the Rollover Agreement, among the reporting person and Parent, each outstanding RSU in this grant was cancelled and converted into a right to receive on the vesting date originally applicable to such RSU, subject to the terms applicable to such RSU, shares of Parent Company. The reporting person was granted 550,000 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. For purposes of the Rollover, the reporting person's shares were valued at $1.87 per share.