Richard Correia - Mar 17, 2023 Form 4 Insider Report for MONEYLION INC. (ML)

Role
President, CFO and Treasurer
Signature
/s/ Adam VanWagner, as Attorney-in-Fact for Richard Correia
Stock symbol
ML
Transactions as of
Mar 17, 2023
Transactions value $
-$35,857
Form type
4
Date filed
3/17/2023, 08:05 PM
Previous filing
Feb 17, 2023
Next filing
May 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ML Class A Common Stock Award $0 +2.67M +70.84% $0.00 6.43M Mar 17, 2023 Direct F1, F4
transaction ML Class A Common Stock Award $0 +483K +8.12% $0.00 6.43M Mar 17, 2023 Direct F2, F4
transaction ML Class A Common Stock Tax liability -$35.9K -61.8K -0.96% $0.58 6.37M Mar 17, 2023 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Class A common stock, par value $0.0001 per share ("Class A Common Stock"), of MoneyLion Inc. (the "Company") underlying 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. The RSUs will vest quarterly in twelve equal installments on the 15th day of each May, August, November and February beginning on May 15, 2023, subject to the Reporting Person's continued service with the Company or one of its subsidiaries through the applicable vesting date.
F2 Represents shares of Class A Common Stock underlying performance share units ("PSUs") that were previously granted to the Reporting Person in 2022, which were subject to the achievement of certain performance goals during the year ended December 31, 2022. The number of PSUs set forth in Table I above represents the total number of PSUs earned upon achievement of the performance goals, the achievement of which was certified by the Committee on March 17, 2023. One-third of the earned PSUs vested immediately on the date of the Committee's certification. The remainder will vest quarterly in eight equal installments on the 15th day of each February, May, August and November beginning on May 15, 2023.
F3 Represents shares of Class A Common Stock withheld to cover payment of the tax liabilities of the Reporting Person related to the vesting of 160,994 PSUs, the acquisition of which is reported herein.
F4 Includes RSUs and PSUs, each of which represents a contingent right to receive one share of Class A Common Stock of MoneyLion Inc. and the acquisition of which was previously reported in Table I of the Reporting Person's prior Form 4(s).