0001562180-23-002172.txt : 20230302
0001562180-23-002172.hdr.sgml : 20230302
20230302174517
ACCESSION NUMBER: 0001562180-23-002172
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: Galasso Stephen B
CENTRAL INDEX KEY: 0001414096
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37680
FILM NUMBER: 23700593
MAIL ADDRESS:
STREET 1: 400 MADISON AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10017
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
0001414096
Galasso Stephen B
C/O ELEVATE CREDIT INC.
4150 INTERNATIONAL PLAZA, SUITE 300
FORT WORTH
TX
76109
true
false
false
false
Common Stock
2023-02-28
4
D
false
201219.00
1.87
D
0.00
I
By the Stephen and Linda Galasso Family Trust
Restricted Stock Unit (RSU)
2023-02-28
4
D
false
47210.00
D
Common Stock
47210.00
0.00
D
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.
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.
Mr. Galasso and his spouse, Linda Galasso, are the voting trustees of the Stephen and Linda Galasso Family Trust.
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.
/s/Nelda Bruce, as attorney-in-fact
2023-03-02