Christopher Lutes - Aug 15, 2022 Form 4 Insider Report for Elevate Credit, Inc. (ELVT)

Role: Chief Strategy Officer
Signature: /s/Nelda Bruce, as attorney-in-fact
Stock symbol: ELVT
Transactions as of: Aug 15, 2022
Transactions value $: -$22,868
Form type: 4
Date filed: 8/17/2022, 06:34 PM
Previous filing: Aug 5, 2022
Next filing: Feb 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ELVT	Common Stock	Options Exercise		+27.8K	+4.52%		643K	Aug 15, 2022	Direct	F2
transaction	ELVT	Common Stock	Tax liability	-$22.9K	-10.7K	-1.66%	$2.13	634K	Aug 15, 2022	Direct	F3, F4
holding	ELVT	Common Stock						114K	Aug 15, 2022	By the Lutes Family Living Trust	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)	Options Exercise	$0	-27.8K	-50%	$0.00	27.8K	Aug 15, 2022	Common Stock	27.8K		Direct	F2, F5

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

Explanation of Responses:

Id	Content
F1	Mr. Lutes and his spouse, Moshira Lutes, are the voting trustees of the Lutes Family Living Trust.
F2	Each restricted stock unit ("RSU") represents a contingent right to receive one share of Elevate Credit, Inc. common stock.
F3	These shares were withheld by Issuer to satisfy tax withholding obligations.
F4	Includes 2,500 shares of Elevate Credit, Inc. common stock acquired pursuant to Elevate Credit, Inc.'s Employee Stock Purchase Plan ("ESPP") on June 30, 2022.
F5	The RSUs shall vest as to one-fourth (1/4th) of the applicable RSUs on each anniversary of August 15, 2019 such that the RSUs shall be fully vested on August 15, 2023.