Fisher David 4

What Happened

• David Fisher, Executive Chairman and Director of Enova International (ENVA), exercised employee stock options for a total of 10,256 shares (7,180 on 2026-05-21 and 3,076 on 2026-05-22) at an exercise price of $20.73 per share (total cost ≈ $212,606). He immediately sold those same shares in the open market the same days for weighted-average prices of $160.37 (7,180 shares) and $158.45 (3,076 shares), generating total gross proceeds of about $1,638,856. Net proceeds after exercise cost were roughly $1.43M. The filing also shows corresponding derivative disposals at $0, reflecting related SAR/option mechanics.

Key Details

• Transaction dates: 2026-05-21 (7,180 shares) and 2026-05-22 (3,076 shares).
• Exercise price paid: $20.73 per share; weighted-average sale prices: $160.37 and $158.45.
• Gross proceeds from sales: ≈ $1,638,856; exercise cost: ≈ $212,606; approximate net proceeds: ≈ $1,426,250.
• Shares owned after the transactions: not disclosed in the provided filing.
• Footnotes: sales were executed in multiple trades (price ranges reported: $158.16–$162.90 and $157.50–$161.24; weighted averages reported). The SAR and option were granted in tandem; exercising one results in expiration of the other (see F3–F5 for SAR/Offer definitions and vesting info).
• Timeliness: Form 4 filed 2026-05-26 for transactions on 5/21–5/22 — appears timely (filed within required business-day window).

Context

• This was a classic exercise-and-immediate-sale (cashless) transaction: Fisher exercised vested options and sold the resulting shares the same days, converting option value to cash. The filing includes zero-dollar derivative disposals reflecting the tandem SAR/option structure rather than an additional sale.
• Such routine option exercises followed by market sales are common among insiders and do not by themselves indicate a change in view on the company; they primarily realize gains from vested equity.