SEC Form 4 · accession 0001562180-18-004479
Elevate Credit, Inc. · ELVT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Linda Stinson
10% Owner
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 Linda and Mike Stinson Irrevocable Asset Trust |
| Common StockF4,F3 | Nov 8, 2018 | S | 131,010 | $4.38 | D | 2,302,507 | I | By Linda and Mike Stinson Irrevocable Asset Trust |
| Common StockF5,F3 | Nov 9, 2018 | S | 36,724 | $4.21 | D | 2,265,783 | I | By Linda and Mike Stinson Irrevocable Asset Trust |
| Common Stock | holding | — | — | — | 2,702,275 | 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.
- F3These shares are owned directly by the Linda and Mike Stinson Irrevocable Asset Trust and indirectly by Mrs. Stinson as trustee of the trust.
- 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.