Fisher David 4

What Happened David Fisher, Executive Chairman and Director of Enova International (ENVA), exercised derivative awards to acquire 33,060 shares (exercise price $20.73/share, total cash paid $685,334) on 2026-06-17 and then sold those 33,060 shares in the open market for an aggregate of approximately $6,580,639 (weighted average sale price $199.05/share). The filing also shows a related derivative listed as disposed at $0, reflecting the tandem SAR/option structure where exercising one instrument cancels the other.

Key Details

• Transaction date: 2026-06-17; Form filed: 2026-06-22 (reporting period 6/17/2026). No late-filing flag noted in the provided extract.
• Exercise: 33,060 shares acquired at $20.73 each (total paid $685,334).
• Sale: 33,060 shares sold in multiple trades; weighted average sale price $199.05 (range $193.85–$202.70), total proceeds ≈ $6,580,639 (footnote F1).
• Related derivative: 33,060 derivative units reported disposed at $0 consistent with a tandem SAR/option arrangement (footnotes F2–F3).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Vesting note: underlying options vested in roughly equal thirds on 2/11/2021, 2/11/2022, and 2/11/2023 (footnote F4).

Context

• This was effectively a cashless exercise followed by an immediate open-market sale (exercise + sale in same date), a common way for insiders to monetize vested options/SARs.
• Footnotes explain the SAR/option were granted in tandem and exercising one causes the other to expire; SAR payout mechanics depend on a qualifying "Offer" and a 30-day average price (see F2–F3).
• The sale reduced insider exposure but, without post-transaction holdings reported here, the remaining ownership stake is not shown in this summary.