Timmie Hong - 22 Sep 2021 Form 4 Insider Report for Fusion Acquisition Corp. (ML)

Role: Chief Product Officer
Signature: /s/ Adam VanWagner, as Attorney-in-Fact for Timmie Hong
Issuer symbol: ML
Transactions as of: 22 Sep 2021
Net transactions value: -$2,000,006
Form type: 4
Filing time: 24 Sep 2021, 20:28:32 UTC
Next filing: 18 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ML	Class A Common Stock	Options Exercise	$83,334	+208,334		$0.4000	208,334	22 Sep 2021	Direct
transaction	ML	Class A Common Stock	Disposed to Issuer	$2,083,340	-208,334	-100%	$10.00	0	22 Sep 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ML	Stock Options (Right to Buy)	Award	$0	+504,540		$0.000000	504,540	22 Sep 2021	Class A Common Stock	504,540	$0.1500	Direct	F2
transaction	ML	Stock Options (Right to Buy)	Award	$0	+223,966		$0.000000	223,966	22 Sep 2021	Class A Common Stock	223,966	$0.1500	Direct	F3
transaction	ML	Stock Options (Right to Buy)	Award	$0	+656,312		$0.000000	656,312	22 Sep 2021	Class A Common Stock	656,312	$0.2200	Direct	F4
transaction	ML	Stock Options (Right to Buy)	Award	$0	+382,875		$0.000000	382,875	22 Sep 2021	Class A Common Stock	382,875	$0.4000	Direct	F5
transaction	ML	Stock Options (Right to Buy)	Award	$0	+738,351		$0.000000	738,351	22 Sep 2021	Class A Common Stock	738,351	$0.4000	Direct	F6
transaction	ML	Stock Options (Right to Buy)	Options Exercise	$0	-208,334	-28%	$0.000000	530,017	22 Sep 2021	Class A Common Stock	208,334	$0.4000	Direct	F1
transaction	ML	Stock Options (Right to Buy)	Award	$0	+820,389		$0.000000	820,389	22 Sep 2021	Class A Common Stock	820,389	$0.5900	Direct	F7
transaction	ML	Stock Options (Right to Buy)	Award	$0	+1,069,230		$0.000000	1,069,230	22 Sep 2021	Class A Common Stock	1,069,230	$2.58	Direct	F8

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	In connection with the Issuer's business combination (the "Business Combination") with MoneyLion Inc., now known as MoneyLion Technologies Inc. ("Legacy ML") in accordance with the terms of the Agreement and Plan of Merger, dated February 11, 2021, as amended on June 28, 2021 and September 4, 2021, by and among the Issuer (f/k/a Fusion Acquisition Corp.), ML Merger Sub Inc. ("Merger Sub") and Legacy ML (the "Merger Agreement"), pursuant to which Merger Sub merged with and into Legacy ML, with Legacy ML surviving the merger as a wholly-owned subsidiary of the Issuer, the Reporting Person exercised options which such resulting shares of Class A Common Stock were simultaneously acquired by the Issuer.
F2	The option vests 25% on the first anniversary of March 1, 2016 and in equal monthly installments thereafter until it is fully vested on the fourth anniversary of such date. The stock option was received in the Business Combination in exchange for a stock option to acquire shares of Legacy ML common stock.
F3	The option vests 25% on the first anniversary of August 1, 2016 and in equal monthly installments thereafter until it is fully vested on the fourth anniversary of such date. The stock option was received in the Business Combination in exchange for a stock option to acquire shares of Legacy ML common stock.
F4	The option vests 25% on the first anniversary of November 15, 2017 and in equal monthly installments thereafter until it is fully vested on the fourth anniversary of such date. The stock option was received in the Business Combination in exchange for a stock option to acquire shares of Legacy ML common stock.
F5	The option vests 25% on the first anniversary of November 1, 2018 and in equal monthly installments thereafter until it is fully vested on the fourth anniversary of such date. The stock option was received in the Business Combination in exchange for a stock option to acquire shares of Legacy ML common stock.
F6	The option vests 25% on the first anniversary of September 21, 2019 and in equal monthly installments thereafter until it is fully vested on the fourth anniversary of such date. The stock option was received in the Business Combination in exchange for a stock option to acquire shares of Legacy ML common stock.
F7	The option vests 25% on the first anniversary of May 1, 2020 and in equal monthly installments thereafter until it is fully vested on the fourth anniversary of such date. The stock option was received in the Business Combination in exchange for a stock option to acquire shares of Legacy ML common stock.
F8	The option vests 25% on the first anniversary of February 1, 2021 and in equal monthly installments thereafter until it is fully vested on the fourth anniversary of such date. The stock option was received in the Business Combination in exchange for a stock option to acquire shares of Legacy ML common stock.