4//SEC Filing
Galasso Stephen B 4
Accession 0001562180-23-002172
CIK 0001651094other
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 5:45 PM ET
Size
8.8 KB
Accession
0001562180-23-002172
Insider Transaction Report
Form 4
Galasso Stephen B
Director
Transactions
- Disposition to Issuer
Common Stock
2023-02-28$1.87/sh−201,219$376,280→ 0 total(indirect: By Trust) - Disposition to Issuer
Restricted Stock Unit (RSU)
2023-02-28−47,210→ 0 total→ Common Stock (47,210 underlying)
Footnotes (4)
- [F1]131,740 previously reported shares were reported as directly owned and have been retitled and are now owned indirectly by the Stephen and Linda Galasso Family Trust. This Form 4 reflects the correct allocation of shares held directly and indirectly by Mr. Galasso.
- [F2]Pursuant to the Agreement and Plan of Merger, dated as of November 16, 2022 (the "Merger Agreement"), by and among Elevate Credit, Inc., ("the Company), PCAM Acquisition Corp ("Parent") and PCAM Merger Sub Corp ("Merger Sub"), the Merger Sub merged with and into the Company ("the Merger") with the Company surviving the Merger as a wholly owned subsidiary of Parent. Pursuant to the Merger Agreement, at the effective time of the Merger, each share of the Company's Common Stock, par value $0.0004 per share, was cancelled and converted into the right to receive $1.87 in cash.
- [F3]Mr. Galasso and his spouse, Linda Galasso, are the voting trustees of the Stephen and Linda Galasso Family Trust.
- [F4]Pursuant to the Merger Agreement, each restricted stock unit award ("RSU") granted by the Company that is outstanding immediately prior to the effective time of the Merger (whether or not vested) will immediately vest in full and become free of restrictions, and will be cancelled and converted automatically into the right to receive a cash payment equal to the product of (1) the number of shares of Company Common Stock subject to such RSU as of the effective time of the Merger, multiplied by (2) the Merger Consideration. The reporting person was granted 47,210 RSUs on May15,2022, vesting annually on the grant date and converting into common stock on a one-for-one basis.
Documents
Issuer
Elevate Credit, Inc.
CIK 0001651094
Entity typeother
Related Parties
1- filerCIK 0001414096
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 5:45 PM ET
- Size
- 8.8 KB