Steven E. Cunningham, Chief Executive Officer and Director of Enova International, Inc. (NASDAQ:ENVA), filed a Form 4 on October 29, 2026, disclosing a series of stock option exercises and share sales that occurred on October 27, 2026.

Key Highlights

  • Option exercise (code M): Cunningham exercised 7,391 non-qualified stock options at an exercise price of $31.98 per share on October 27, 2026.
  • Second option exercise (code M): Cunningham also exercised 3,758 non-qualified stock options at an exercise price of $35.75 per share on the same date.
  • Share sales (code S): Three open-market sale transactions were reported, each at a price of $172 per share, disposing of 7,391 shares, 3,758 shares, and 4,156 shares respectively.
  • Resulting ownership: Following all reported transactions, Cunningham directly held 118,789 shares of Enova common stock, according to the filing.
  • Remaining derivative securities: After the transactions, Cunningham held 7,514 derivative securities (non-qualified stock options with limited SARs) at an exercise price of $35.75, expiring November 4, 2028.
  • Limited SAR feature: The filing states the stock appreciation right may be exercised only during a 30-day window following a "Change in Control" of the issuer, as defined in the grant agreement.

Cunningham's October 27 Option Exercises and Sales at Enova International

According to the Form 4 filed with the SEC on October 29, 2026, Steven E. Cunningham, who serves as both Chief Executive Officer and Director of Enova International, Inc. (NASDAQ:ENVA), reported five transactions in Enova common stock (par value $0.00001 per share) all dated October 27, 2026. The filing was signed by Sean Rahilly as attorney in fact for Cunningham.

The first pair of transactions involved the exercise of 7,391 non-qualified stock options at $31.98 per share (transaction code M), followed by the sale of the same 7,391 shares at $172 per share (transaction code S). A second pair involved the exercise of 3,758 options at $35.75 per share, followed by the sale of those 3,758 shares at $172. A fifth transaction disposed of an additional 4,156 shares at $172 per share. After all five transactions, the filing reports Cunningham's direct beneficial ownership stood at 118,789 shares.

The filing describes the exercised options as non-qualified stock options granted in tandem with limited stock appreciation rights. According to the explanatory footnotes, the options that carried the $31.98 exercise price vested in substantially equal one-third increments on February 3, 2023, February 3, 2024, and February 3, 2025, and had an expiration date of August 3, 2028. The options at $35.75 vested on corresponding dates in February 2023, 2024, and 2025, with an expiration of November 4, 2028. The filing notes that following the reported transactions, 7,514 derivative securities at the $35.75 exercise price remain outstanding in Cunningham's name.

What Was Disclosed

The filing discloses that Enova International CEO Steven E. Cunningham exercised two tranches of non-qualified stock options and sold a total of 15,305 shares on October 27, 2026, at $172 per share, reducing his direct beneficial ownership to 118,789 shares.