SEC Form 4 · accession 0001562180-18-004478
Elevate Credit, Inc. · ELVT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tyler W. K. Head
Director
Period of report
Nov 7, 2018
Accepted (ET)
Nov 9, 2018 · 7:35 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001651094
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F3 | Nov 7, 2018 | S | 188,760 | $4.38 | D | 2,433,517 | I | By the Tyler W.K. Head Trust dated March 20, 2014 |
| Common StockF4,F3 | Nov 8, 2018 | S | 131,010 | $4.38 | D | 2,302,507 | I | By the Tyler W.K. Head Trust dated March 20, 2014 |
| Common StockF5,F3 | Nov 9, 2018 | S | 36,724 | $4.21 | D | 2,265,783 | I | By the Tyler W.K. Head Trust dated March 20, 2014 |
| Common Stock | holding | — | — | — | 1,400 | I | By Spouse | |
| Common Stock | holding | — | — | — | 23,481 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This transaction represents involuntary sales of Elevate Credit, Inc. common stock. The shares had been pledged to collateralize a personal loan entered into in May 2018 and were sold by the financial institution as a result of a decline in the Company's stock price and increased volatility in the Company's common stock.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.26 to $4.60, inclusive. The reporting person undertakes to provide to Elevate Credit, Inc., any security holder of Elevate Credit, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.
- F3Mr. Head is the voting trustee of The Tyler W.K. Head Trust dated March 20, 2014 (the "Voting Trust"), which has voting power over the shares held by the Linda and Mike Stinson Irrevocable Asset Trust. Mr. Head as trustee has no pecuniary interest in the Voting Trust shares.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.34 to $4.44, inclusive. The reporting person undertakes to provide to Elevate Credit, Inc., any security holder of Elevate Credit, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.
- F5The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.12 to $4.37, inclusive. The reporting person undertakes to provide to Elevate Credit, Inc., any security holder of Elevate Credit, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.