Enova (NYSE: ENVA) chair sells option shares in 10b5-1 plan
Rhea-AI Filing Summary
Enova International, Inc. (ENVA) reported that Executive Chairman David Fisher exercised and sold company stock in paired transactions. On August 25 and 26, 2026, he exercised non-qualified stock options for a total of 18,569 shares of common stock at an exercise price of $20.73 per share and acquired the same number of common shares. On those same dates, he sold all 18,569 shares in open-market transactions at weighted average prices of $244.01 (range $241.46–$251.20) and $239.16 (range $236.29–$244.93) per share, pursuant to a Rule 10b5-1 trading plan adopted on January 30, 2026. The exercised options, which were granted in tandem with a limited stock appreciation right, carry an exercise price of $20.73 and were scheduled to expire on February 11, 2027.
Positive
- None.
Negative
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Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (right to buy) with limited SAR F4, F5, F6 | 9,078 | $0.00 | $0.00 |
| Exercise | Common stock, par value $0.00001 per share | 9,078 | $20.73 | $188K |
| Sale | Common stock, par value $0.00001 per share F1, F3 | 9,078 | $239.1631 | $2.17M |
| Exercise | Non-Qualified Stock Option (right to buy) with limited SAR F4, F5, F6 | 9,491 | $0.00 | $0.00 |
| Exercise | Common stock, par value $0.00001 per share | 9,491 | $20.73 | $197K |
| Sale | Common stock, par value $0.00001 per share F1, F2 | 9,491 | $244.0104 | $2.32M |
Footnotes (6)
- F1. The sale was effected pursuant to the Reporting Person's Rule 10b5-1 trading plan adopted on January 30, 2026.
- F2. This transaction was executed in multiple trades at prices ranging from $241.46 to $251.20. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a stockholder of the Issuer full information regarding the number of shares and the prices at which the transaction was effected.
- F3. This transaction was executed in multiple trades at prices ranging from $236.29 to $244.93. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a stockholder of the Issuer full information regarding the number of shares and the prices at which the transaction was effected.
- F4. The limited stock appreciation right ("SAR") and employee stock option were granted in tandem. Accordingly, the exercise of one results in the expiration of the other. The SAR may be exercised only during the period beginning on the first day following the date that a "Change in Control" of Issuer occurs (as defined in the related grant agreement) and ending on the thirtieth day following such date. Upon exercise, the grantee shall be able to receive an amount equal to the product computed by multiplying (i) the excess of the "Offer Value Per Share" over the exercise price of the underlying option by (ii) the number of shares with respect to which the SAR is being exercised; provided, that such amount shall only be payable in the event an "Offer" is made.
- F5. The "Offer Value Per Share" means the average selling price of Issuer's common stock during the period of 30 days ending on the date on which the SAR is exercised. "Offer" means any tender offer or exchange offer for outstanding shares of Issuer representing at least 30% of the total voting power of the stock of Issuer, or an offer to purchase assets from Issuer that have a total gross fair market value equal to or more than 40% of the total gross fair market value of all of the assets of Issuer, other than an offer made by Issuer.
- F6. The options vested in substantially equal one-third increments on each of the following dates: February 11, 2021, February 11, 2022, and February 11, 2023.
Key Figures
Key Terms
Rule 10b5-1 trading plan regulatory
limited stock appreciation right ("SAR") financial
Change in Control regulatory
tender offer or exchange offer regulatory
FAQ
What insider transactions were reported for ENVA on this Form 4?
What was the option exercise price in the ENVA Form 4 transactions?
Were the ENVA insider sales made under a Rule 10b5-1 trading plan?
What are the key terms of the options and SAR reported for ENVA?
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