Chris Sugden - Jun 15, 2023 Form 4 Insider Report for MONEYLION INC. (ML)

Role
Director
Signature
/s/ Adam VanWagner, as Attorney-in-Fact for Chris Sugden
Stock symbol
ML
Transactions as of
Jun 15, 2023
Transactions value $
$0
Form type
4
Date filed
6/16/2023, 08:08 PM
Previous filing
Nov 17, 2022
Next filing
Jun 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ML Class A Common Stock Award $0 +5K +105.95% $0.00 9.72K Jun 15, 2023 Direct F1, F2
holding ML Class A Common Stock 1.09M Jun 15, 2023 See footnote F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the annual award of restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of Class A common stock, par value $0.0001 per share, of MoneyLion Inc. (the "Company"), automatically granted to the Reporting Person pursuant to the Company's Outside Director Compensation Program. 25% of the award will vest on September 15, 2023, 25% of the award will vest on December 15, 2023, 25% of the award will vest on March 15, 2024 and 25% of the award will vest on June 15, 2024, subject to the Reporting Person's continued service on the Company's Board of Directors on each vesting date.
F2 Includes certain RSUs beneficially owned by the Reporting Person, the acquisitions of which were previously reported in Table I of the Reporting Person's Form 4s filed on March 16, 2022 and November 17, 2022.
F3 Shares are held by Edison Partners VIII, L.P. ("Edison LP"). Edison VIII GP LLC ("Edison GP") is the general partner of Edison LP. The Reporting Person is the managing member of Edison GP and may be deemed to beneficially own the shares of stock held by Edison LP. The Reporting Person disclaims beneficial ownership of the shares of stock held by Edison LP except to the extent of his pecuniary interest therein.

Remarks:

On April 24, 2023, the Company effected a reverse stock split (the "Reverse Stock Split") of the Class A common stock pursuant to which every 30 shares of Class A common stock were automatically reclassified into one new share of Class A common stock. Proportionate adjustments were made to the Company's outstanding equity awards as well as the exercise, grant and acquisition prices of such equity awards, as applicable. Accordingly, all amounts of securities reported on this Form 4 have been adjusted to reflect the Reverse Stock Split.