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

Role
President, CEO and Director, Director
Signature
/s/ Adam VanWagner, as Attorney-in-Fact for Diwakar Choubey
Issuer symbol
ML
Transactions as of
22 Sep 2021
Net transactions value
-$9,700,000
Form type
4
Filing time
24 Sep 2021, 20:31:25 UTC
Next filing
22 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 Award +14,579,571 14,579,571 22 Sep 2021 Direct F1
transaction ML Class A Common Stock Award +88,175 88,175 22 Sep 2021 By Wife F1
transaction ML Class A Common Stock Award +820,390 820,390 22 Sep 2021 By FIG Growth Trust F1, F2
transaction ML Class A Common Stock Award +820,390 820,390 22 Sep 2021 By FIG Heritage Trust 1 F1, F2
transaction ML Class A Common Stock Award +861,409 861,409 22 Sep 2021 By FIG Heritage Trust 2 F1, F2
transaction ML Class A Common Stock Award +861,409 861,409 22 Sep 2021 By FIG Heritage Trust 3 F1, F2
transaction ML Class A Common Stock Disposed to Issuer $9,700,000 -970,000 -6.7% $10.00 13,609,571 22 Sep 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 +1,476,701 $0.000000 1,476,701 22 Sep 2021 Class A Common Stock 1,476,701 $0.2200 Direct F4
transaction ML Stock Options (Right to Buy) Award $0 +459,451 $0.000000 459,451 22 Sep 2021 Class A Common Stock 459,451 $0.4000 Direct F5
transaction ML Stock Options (Right to Buy) Award $0 +2,461,169 $0.000000 2,461,169 22 Sep 2021 Class A Common Stock 2,461,169 $0.4000 Direct F6
transaction ML Stock Options (Right to Buy) Award $0 +164,078 $0.000000 164,078 22 Sep 2021 Class A Common Stock 164,078 $0.5900 Direct F7
transaction ML Stock Options (Right to Buy) Award $0 +1,944,045 $0.000000 1,944,045 22 Sep 2021 Class A Common Stock 1,944,045 $2.58 Direct F8
transaction ML Stock Options (Right to Buy) Award $0 +121,893 $0.000000 121,893 22 Sep 2021 Class A Common Stock 121,893 $0.7800 By Wife F9
transaction ML Stock Options (Right to Buy) Award $0 +114,870 $0.000000 114,870 22 Sep 2021 Class A Common Stock 114,870 $0.7800 By Wife F10
transaction ML Stock Options (Right to Buy) Award $0 +162,192 $0.000000 162,192 22 Sep 2021 Class A Common Stock 162,192 $0.7800 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.