Key facts
- This page summarizes Steven Austin Trussell's Form 4 filing for Elevate Credit, Inc..
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 02 Mar 2023, 17:00.
Steven Austin Trussell - 28 Feb 2023 Form 4 Insider Report for Elevate Credit, Inc.
- Reporting relationship
- Chief Financial Officer
- Issuer ticker
- N/A
- Reported as of
- 28 Feb 2023
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 02 Mar 2023, 17:00:44 UTC
- Prior SEC filing
- 17 May 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/Nelda Bruce, as attorney-in-fact
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Steven Austin Trussell filed Form 4 for Elevate Credit, Inc. on 02 Mar 2023.
Change
- Previous filing in this sequence was filed on 17 May 2022.
- Current net transaction value: $0.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
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
- -214,592
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 28 Feb 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 214,592
- Exercise price
- Footnotes
- F1, F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Steven Austin Trussell is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 2 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, 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.
Footnote F2
Pursuant to the Rollover Agreement dated as of February 27, 2023 (the "Rollover Agreement"), among the reporting person and Parent, half of the outstanding RSUs in this grant were 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. The remaining half of this grant immediately vested in full, 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 the effective time of the Merger, multiplied by (2) the Merger Consideration. The reporting person was granted 214,592 RSUs on May 15, 2022, 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.