SEQUOIA CAPITAL GROWTH PARTNERS III 4
4 · Elevate Credit, Inc. · Filed Mar 26, 2020
Insider Transaction Report
Form 4
SCGF III MANAGEMENT LLC
10% Owner
Transactions
- Sale
Common Stock
[F1][F4][F7]2020-03-24$1.20/sh−34,862$41,974→ 3,463,146 total(indirect: By Sequoia Capital Growth Fund III, L.P.) - Sale
Common Stock
[F2][F4][F7]2020-03-25$1.24/sh−21,404$26,434→ 3,441,742 total(indirect: By Sequoia Capital Growth Fund III, L.P.) - Sale
Common Stock
[F3][F4][F7]2020-03-26$1.28/sh−30,579$39,080→ 3,411,163 total(indirect: By Sequoia Capital Growth Fund III, L.P.) - Sale
Common Stock
[F1][F5][F7]2020-03-24$1.20/sh−6,140$7,393→ 609,949 total(indirect: By Sequoia Capital IX, L.P.) - Sale
Common Stock
[F2][F5][F7]2020-03-25$1.24/sh−3,770$4,656→ 606,179 total(indirect: By Sequoia Capital IX, L.P.) - Sale
Common Stock
[F3][F5][F7]2020-03-26$1.28/sh−5,386$6,883→ 600,793 total(indirect: By Sequoia Capital IX, L.P.) - Sale
Common Stock
[F1][F6][F7]2020-03-24$1.20/sh−5,853$7,047→ 581,487 total(indirect: By Sequoia Capital Franchise Fund, L.P.) - Sale
Common Stock
[F2][F6][F7]2020-03-25$1.24/sh−3,594$4,439→ 577,893 total(indirect: By Sequoia Capital Franchise Fund, L.P.) - Sale
Common Stock
[F3][F6][F7]2020-03-26$1.28/sh−5,135$6,563→ 572,758 total(indirect: By Sequoia Capital Franchise Fund, L.P.) - Sale
Common Stock
[F1][F4][F7]2020-03-24$1.20/sh−1,707$2,055→ 169,608 total(indirect: By LLC) - Sale
Common Stock
[F2][F4][F7]2020-03-25$1.24/sh−1,048$1,294→ 168,560 total(indirect: By LLC) - Sale
Common Stock
[F3][F4][F7]2020-03-26$1.28/sh−1,498$1,914→ 167,062 total(indirect: By LLC) - Sale
Common Stock
[F1][F6][F7]2020-03-24$1.20/sh−798$961→ 79,282 total(indirect: By Sequoia Capital Franchise Partners, L.P.) - Sale
Common Stock
[F2][F6][F7]2020-03-25$1.24/sh−490$605→ 78,792 total(indirect: By Sequoia Capital Franchise Partners, L.P.) - Sale
Common Stock
[F3][F6][F7]2020-03-26$1.28/sh−700$895→ 78,092 total(indirect: By Sequoia Capital Franchise Partners, L.P.) - Sale
Common Stock
[F1][F4][F7]2020-03-24$1.20/sh−384$462→ 38,177 total(indirect: By Sequoia Capital Growth Partners III, L.P.) - Sale
Common Stock
[F2][F4][F7]2020-03-25$1.24/sh−236$291→ 37,941 total(indirect: By Sequoia Capital Growth Partners III, L.P.) - Sale
Common Stock
[F3][F4][F7]2020-03-26$1.28/sh−337$431→ 37,604 total(indirect: By Sequoia Capital Growth Partners III, L.P.) - Sale
Common Stock
[F1][F5][F7]2020-03-24$1.20/sh−256$308→ 25,410 total(indirect: By Sequoia Capital Entrepreneurs Annex Fund, L.P.) - Sale
Common Stock
[F2][F5][F7]2020-03-25$1.24/sh−157$194→ 25,253 total(indirect: By Sequoia Capital Entrepreneurs Annex Fund, L.P.) - Sale
Common Stock
[F3][F5][F7]2020-03-26$1.28/sh−224$286→ 25,029 total(indirect: By Sequoia Capital Entrepreneurs Annex Fund, L.P.)
Footnotes (7)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.10 to $1.27, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, 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 (1) to this Form 4.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.17 to $1.42, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, 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 (2) to this Form 4.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.15 to $1.35, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, 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 (3) to this Form 4.
- [F4]SCGF III Management, LLC is the general partner of each of Sequoia Capital Growth Partners III, L.P. and Sequoia Capital Growth Fund III, L.P., and is the managing member of Sequoia Capital Growth III Principals Fund, LLC. As a result, SCGF III Management, LLC may be deemed to share voting and dispositive power with respect to the shares held by Sequoia Capital Growth Partners III, L.P., Sequoia Capital Growth Fund III, L.P. and Sequoia Capital Growth III Principals Fund, LLC.
- [F5]SC IX.I Management, LLC is the general partner of each of Sequoia Capital IX, L.P. and Sequoia Capital Entrepreneurs Annex Fund, L.P. As a result, SC IX.I Management, LLC may be deemed to share voting and dispositive power with respect to the shares held by Sequoia Capital IX, L.P. and Sequoia Capital Entrepreneurs Annex Fund, L.P.
- [F6]SCFF Management, LLC is the general partner of Sequoia Capital Franchise Fund L.P. and Sequoia Capital Franchise Partners, L.P. The managing members of SCFF Management, LLC are Douglas M. Leone and Michael J. Moritz. SCFF Management, LLC and each of the managing members of SCFF Management, LLC may be deemed to share beneficial ownership of the shares held by the Sequoia Capital Franchise Fund L.P. and Sequoia Capital Franchise Partners, L.P. As a result, SCFF Management, LLC and each of the managing members of SCFF Management, LLC may be deemed to share voting and dispositive power with respect to the shares held by Sequoia Capital Franchise Fund L.P. and Sequoia Capital Franchise Partners, L.P.
- [F7]Each of the Reporting Persons disclaims beneficial ownership of these securities except to the extent of his or its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.