0001562180-23-002185.txt : 20230302
0001562180-23-002185.hdr.sgml : 20230302
20230302180044
ACCESSION NUMBER: 0001562180-23-002185
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230228
FILED AS OF DATE: 20230302
DATE AS OF CHANGE: 20230302
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Trussell Steven Austin
CENTRAL INDEX KEY: 0001929450
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37680
FILM NUMBER: 23700717
MAIL ADDRESS:
STREET 1: 4150 INTERNATIONAL PKWY, STE 300
CITY: FT. WORTH
STATE: TX
ZIP: 76109
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Elevate Credit, Inc.
CENTRAL INDEX KEY: 0001651094
STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199]
IRS NUMBER: 464714474
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 4150 INTERNATIONAL PLAZA
STREET 2: SUITE 300
CITY: FORT WORTH
STATE: TX
ZIP: 76109
BUSINESS PHONE: 817-928-1500
MAIL ADDRESS:
STREET 1: 4150 INTERNATIONAL PLAZA
STREET 2: SUITE 300
CITY: FORT WORTH
STATE: TX
ZIP: 76109
4
1
primarydocument.xml
PRIMARY DOCUMENT
X0306
4
2023-02-28
true
0001651094
Elevate Credit, Inc.
ELVT
0001929450
Trussell Steven Austin
C/O ELEVATE CREDIT INC.
4150 INTERNATIONAL PLAZA, SUITE 300
FORT WORTH
TX
76109
false
true
false
false
Chief Financial Officer
Restricted Stock Unit (RSU)
2023-02-28
4
D
false
214592.00
D
Common Stock
214592.00
0.00
D
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, each 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.
Pursuant to the Rollover Agreement dated as of February 27, 2023 (the "Rollover Agreement"), among the reporting person and Parent, half of the outstanding RSUs in this grant were cancelled and converted into a right to receive on the vesting date originally applicable to such RSU, subject to the terms applicable to such RSU, shares of Parent. The remaining half of this grant immediately vested in full, 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 the effective time of the Merger, multiplied by (2) the Merger Consideration. The reporting person was granted 214,592 RSUs on May 15, 2022, vesting in four annual installments, beginning on the first anniversary of the grant date and converting into common stock on a one-for-one basis. For purposes of the Rollover, the reporting person's shares were valued at $1.87 per share.
/s/Nelda Bruce, as attorney-in-fact
2023-03-02