Enova (NYSE: ENVA) executive chair sells 10,256 shares after exercising options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enova International Executive Chairman David Fisher reported option exercises paired with share sales. On May 21–22, 2026, he exercised options for 10,256 shares of common stock at an exercise price of $20.73 per share and sold the same number of shares in open-market transactions.
The reported weighted average sale prices were $160.3724 and $158.4467 per share across multiple trades. Following these transactions, Fisher directly holds 306,444 shares of Enova common stock, indicating he retained a substantial equity position after this exercise-and-sell activity.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 10,256 shares ($1,638,856)
Net Sell
6 txns
Insider
Fisher David
Role
Executive Chairman
Sold
10,256 shs ($1.64M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (right to buy) with limited SAR | 3,076 | $0.00 | -- |
| Exercise | Common stock, par value $0.00001 per share | 3,076 | $20.73 | $64K |
| Sale | Common stock, par value $0.00001 per share | 3,076 | $158.4467 | $487K |
| Exercise | Non-Qualified Stock Option (right to buy) with limited SAR | 7,180 | $0.00 | -- |
| Exercise | Common stock, par value $0.00001 per share | 7,180 | $20.73 | $149K |
| Sale | Common stock, par value $0.00001 per share | 7,180 | $160.3724 | $1.15M |
Holdings After Transaction:
Non-Qualified Stock Option (right to buy) with limited SAR — 246,242 shares (Direct, null);
Common stock, par value $0.00001 per share — 309,520 shares (Direct, null)
Footnotes (1)
- This transaction was executed in multiple trades at prices ranging from $158.16 to $162.90. 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. This transaction was executed in multiple trades at prices ranging from $157.50 to $161.24. 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. 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. 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. 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
Shares sold: 10,256 shares
Sale price May 21: $160.3724 per share
Sale price May 22: $158.4467 per share
+4 more
7 metrics
Shares sold
10,256 shares
Total open-market sales on May 21–22, 2026
Sale price May 21
$160.3724 per share
Weighted average price for 7,180 shares sold
Sale price May 22
$158.4467 per share
Weighted average price for 3,076 shares sold
Option exercise price
$20.73 per share
Non-qualified stock options exercised for 10,256 shares
Post-transaction holdings
306,444 shares
Direct Enova common stock held after transactions
Derivative exercises
2 transactions, 10,256 shares
Option exercises classified as derivative transactions
Option expiration date
February 11, 2027
Expiration of related non-qualified stock options
Key Terms
Non-Qualified Stock Option, stock appreciation right ("SAR"), Change in Control, Offer Value Per Share, +1 more
5 terms
Non-Qualified Stock Option financial
"Non-Qualified Stock Option (right to buy) with limited SAR"
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
stock appreciation right ("SAR") financial
"The limited stock appreciation right ("SAR") and employee stock option were granted in tandem."
Change in Control financial
"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"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
tender offer or exchange offer financial
""Offer" means any tender offer or exchange offer for outstanding shares of Issuer representing at least 30% of the total voting power"
FAQ
What insider transactions did Enova (ENVA) Executive Chairman David Fisher report?
David Fisher reported exercising stock options for 10,256 Enova shares and selling the same 10,256 shares in open-market transactions, combining derivative exercises with immediate share sales while still retaining a sizable direct holding in the company.
What option exercise price applied to David Fisher’s Enova (ENVA) transactions?
The exercised non-qualified stock options for Enova shares carried an exercise price of $20.73 per share. Fisher exercised 10,256 option shares at this price before selling an equal number of common shares in the open market on consecutive days.
Were David Fisher’s Enova (ENVA) stock sales single trades or multiple trades?
The reported Enova stock sales were executed through multiple trades each day within specified price ranges. The Form 4 discloses weighted average prices and notes that detailed trade-level data will be provided to the SEC, the company, or shareholders upon request.
What are the key terms of David Fisher’s Enova (ENVA) stock options and SARs?
Fisher’s non-qualified stock options were granted in tandem with a limited stock appreciation right (SAR). Exercising one causes the other to expire. The options vested in three equal annual installments beginning February 11, 2021, and are scheduled to expire on February 11, 2027.