Jesse K. Bray - Dec 17, 2021 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
Dec 17, 2021
Transactions value $
$0
Form type
4
Date filed
12/20/2021, 06:44 PM
Previous filing
Dec 20, 2021
Next filing
Dec 22, 2021

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 Shares Units (RSU) Award $0 +100K $0.00 100K Dec 17, 2021 Common Stock 100K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Elevate Credit, Inc. common stock.
F2 The Company's Independent Director Compensation Policy ("Policy") limits the maximum number of shares that can be awarded to an Independent Director per calendar year to be no more than 100,000 shares. Under this Policy, the shares awarded will be reduced as necessary and any remaining value of the grant shall be provided in the form of a cash award with the same vesting schedule as the corresponding equity grant. There is a total of 3,093 shares that exceed the Policy limit at a price of $2.91 for a total of $9,000.
F3 The RSUs were granted on December 17, 2021. One-third (1/3) of the applicable RSUs and cash vest on each anniversary of December 17, 2021 such that the RSUs and cash shall be fully vested on December 17, 2024.