Diwakar Choubey - Aug 15, 2023 Form 4 Insider Report for MONEYLION INC. (ML)

Role
CEO and Director, Director
Signature
/s/ Adam VanWagner, as Attorney-in-Fact for Diwakar Choubey
Stock symbol
ML
Transactions as of
Aug 15, 2023
Transactions value $
-$168,520
Form type
4
Date filed
8/17/2023, 08:04 PM
Previous filing
May 17, 2023
Next filing
Aug 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ML Class A Common Stock Tax liability -$170K -10.3K -1.34% $16.46 759K Aug 15, 2023 Direct F1, F2
transaction ML Class A Common Stock Purchase $1.5K +100 +0.01% $14.95 759K Aug 17, 2023 Direct F2
holding ML Class A Common Stock 12.6K Aug 15, 2023 By Spouse
holding ML Class A Common Stock 27.3K Aug 15, 2023 By FIG Growth Trust F3
holding ML Class A Common Stock 27.3K Aug 15, 2023 By FIG Heritage Trust I F3
holding ML Class A Common Stock 28.7K Aug 15, 2023 By FIG Heritage Trust 2 F3
holding ML Class A Common Stock 28.7K Aug 15, 2023 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 shares of Class A common stock, par value $0.0001 per share (the "Class A Common Stock"), of MoneyLion Inc. (the "Company") withheld to cover payment of the tax liabilities of the Reporting Person related to the vesting of 19,338 restricted stock units ("RSUs") and performance share units ("PSUs"). The acquisitions of the RSUs and PSUs were previously reported in Table I of the Reporting Person's Form 4s filed on March 18, 2022 and March 17, 2023.
F2 Includes RSUs and PSUs, each of which represents a contingent right to receive one share of Class A Common Stock and the acquisition of which was previously reported in Table I of the Reporting Person's prior Form 4s.
F3 The Reporting Person disclaims beneficial ownership 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.