Diwakar Choubey - Mar 18, 2022 Form 4 Insider Report for MONEYLION INC. (ML)

Role
CEO, President and Director, Director
Signature
/s/ Adam VanWagner, as Attorney-in-Fact for Diwakar Choubey
Stock symbol
ML
Transactions as of
Mar 18, 2022
Transactions value $
$0
Form type
4
Date filed
3/18/2022, 07:04 PM
Previous filing
Mar 16, 2022
Next filing
May 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ML Class A Common Stock Award $0 +2.19M +13.15% $0.00 18.8M Mar 18, 2022 Direct F1
transaction ML Class A Common Stock Award $0 +2.91M +18.31% $0.00 18.8M Mar 18, 2022 Direct F2
holding ML Class A Common Stock 88.2K Mar 18, 2022 By Spouse
holding ML Class A Common Stock 820K Mar 18, 2022 By FIG Growth Trust F3
holding ML Class A Common Stock 820K Mar 18, 2022 By FIG Heritage Trust I F3
holding ML Class A Common Stock 861K Mar 18, 2022 By FIG Heritage Trust 2 F3
holding ML Class A Common Stock 861K Mar 18, 2022 By FIG Heritage Trust 3 F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units ("RSUs") that were granted to the Reporting Person by the Compensation Committee (the "Committee") of the Board of Directors of the Company, each of which represents a contingent right to receive one share of Class A common stock, par value $0.0001 per share ("Class A Common Stock"), of the Company. The RSUs will vest quarterly in twelve equal installments beginning on the last day of the three-month period beginning on February 15, 2022, subject to the Reporting Person's continued service with the Company or one of its subsidiaries through the applicable vesting date.
F2 Represents performance share awards ("PSUs") that were granted to the Reporting Person by the Committee, each of which represents a contingent right to receive one share of Class A Common Stock of the Company. Subject to the Reporting Person's continued service with the Company or one of its subsidiaries through the applicable vesting date, the PSUs will vest upon both the achievement of certain share price-based performance conditions at any time within the four years following the grant date, as well as the following time-based vesting criteria: 50% of the PSUs become eligible to vest upon the achievement of the performance conditions on the first anniversary of the grant date, an additional 25% of the PSUs become eligible to vest upon the achievement of the performance conditions on the second anniversary of the grant date, and the remaining 25% of the PSUs become eligible to vest upon the achievement of the performance conditions on the third anniversary of the grant date. Upon the occurrence of a "Change in Control" (as defined in the Company's Omnibus Incentive Plan), the time-based vesting condition shall be determined to have been met, and the share price-based performance conditions will be determined in accordance with the share price on the closing date of such Change in Control.
F3 The Reporting Person disclaims beneficial ownership except to the extent of his pecuniary interest therein.