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

Signature
/s/ Adam VanWagner, as Attorney-in-Fact for Diwakar Choubey
Stock symbol
ML
Transactions as of
Sep 22, 2021
Transactions value $
-$9,700,000
Form type
4
Date filed
9/24/2021, 08:31 PM
Next filing
Mar 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ML Class A Common Stock Award +14.6M 14.6M Sep 22, 2021 Direct F1
transaction ML Class A Common Stock Award +88.2K 88.2K Sep 22, 2021 By Wife F1
transaction ML Class A Common Stock Award +820K 820K Sep 22, 2021 By FIG Growth Trust F1, F2
transaction ML Class A Common Stock Award +820K 820K Sep 22, 2021 By FIG Heritage Trust 1 F1, F2
transaction ML Class A Common Stock Award +861K 861K Sep 22, 2021 By FIG Heritage Trust 2 F1, F2
transaction ML Class A Common Stock Award +861K 861K Sep 22, 2021 By FIG Heritage Trust 3 F1, F2
transaction ML Class A Common Stock Disposed to Issuer -$9.7M -970K -6.65% $10.00 13.6M Sep 22, 2021 Direct F3

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 +1.48M $0.00 1.48M Sep 22, 2021 Class A Common Stock 1.48M $0.22 Direct F4
transaction ML Stock Options (Right to Buy) Award $0 +459K $0.00 459K Sep 22, 2021 Class A Common Stock 459K $0.40 Direct F5
transaction ML Stock Options (Right to Buy) Award $0 +2.46M $0.00 2.46M Sep 22, 2021 Class A Common Stock 2.46M $0.40 Direct F6
transaction ML Stock Options (Right to Buy) Award $0 +164K $0.00 164K Sep 22, 2021 Class A Common Stock 164K $0.59 Direct F7
transaction ML Stock Options (Right to Buy) Award $0 +1.94M $0.00 1.94M Sep 22, 2021 Class A Common Stock 1.94M $2.58 Direct F8
transaction ML Stock Options (Right to Buy) Award $0 +122K $0.00 122K Sep 22, 2021 Class A Common Stock 122K $0.78 By Wife F9
transaction ML Stock Options (Right to Buy) Award $0 +115K $0.00 115K Sep 22, 2021 Class A Common Stock 115K $0.78 By Wife F10
transaction ML Stock Options (Right to Buy) Award $0 +162K $0.00 162K Sep 22, 2021 Class A Common Stock 162K $0.78 By Wife F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Received 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.
F2 The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein.
F3 In connection with the Issuer's Business Combination, the Reporting Person remitted shares of Class A Common Stock to the Issuer.
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.
F9 The option was granted on December 31, 2020 and is fully vested. The stock option was received in the Business Combination in exchange for a stock option to acquire shares of Legacy ML common stock.
F10 The option vests 100% on the first anniversary of December 31, 2020. The stock option was received in the Business Combination in exchange for a stock option to acquire shares of Legacy ML common stock.
F11 The option vests 25% on the first anniversary of December 31, 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.