Richard Correia - Sep 22, 2021 Form 4 Insider Report for Fusion Acquisition Corp. (ML)

Role
Chief Financial Officer
Signature
/s/ Adam VanWagner, as Attorney-in-Fact for Richard Correia
Stock symbol
ML
Transactions as of
Sep 22, 2021
Transactions value $
-$5,500,005
Form type
4
Date filed
9/24/2021, 08:29 PM
Next filing
Mar 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ML Class A Common Stock Options Exercise $73.3K +333K $0.22 333K Sep 22, 2021 Direct
transaction ML Class A Common Stock Options Exercise $93.4K +233K +70.02% $0.40 567K Sep 22, 2021 Direct
transaction ML Class A Common Stock Disposed to Issuer -$5.67M -567K -100% $10.00 0 Sep 22, 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 +1.42M $0.00 1.42M Sep 22, 2021 Class A Common Stock 1.42M $0.13 Direct F2
transaction ML Stock Options (Right to Buy) Award $0 +1.48M $0.00 1.48M Sep 22, 2021 Class A Common Stock 1.48M $0.22 Direct F3
transaction ML Stock Options (Right to Buy) Options Exercise $0 -333K -22.57% $0.00 1.14M Sep 22, 2021 Class A Common Stock 333K $0.22 Direct F1
transaction ML Stock Options (Right to Buy) Award $0 +459K $0.00 459K Sep 22, 2021 Class A Common Stock 459K $0.40 Direct F4
transaction ML Stock Options (Right to Buy) Options Exercise $0 -233K -50.79% $0.00 226K Sep 22, 2021 Class A Common Stock 233K $0.40 Direct F1
transaction ML Stock Options (Right to Buy) Award $0 +2.87M $0.00 2.87M Sep 22, 2021 Class A Common Stock 2.87M $0.40 Direct F5
transaction ML Stock Options (Right to Buy) Award $0 +164K $0.00 164K Sep 22, 2021 Class A Common Stock 164K $0.59 Direct F6
transaction ML Stock Options (Right to Buy) Award $0 +1.07M $0.00 1.07M Sep 22, 2021 Class A Common Stock 1.07M $2.58 Direct F7
* 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 shares to the Issuer.
F2 The option vests 25% on the first anniversary of December 31, 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 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.
F4 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.
F5 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.
F6 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.
F7 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.