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

Role
Chief Accounting Officer
Signature
/s/ Adam VanWagner, as Attorney-in-Fact for Mark Torossian
Stock symbol
ML
Transactions as of
Aug 15, 2023
Transactions value $
-$2,716
Form type
4
Date filed
8/17/2023, 08:05 PM
Previous filing
May 17, 2023
Next filing
Aug 29, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ML Class A Common Stock Tax liability -$2.72K -165 -1.45% $16.46 11.2K Aug 15, 2023 Direct F1, F2
* 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 427 restricted stock units ("RSUs"). The acquisition of the RSUs was previously reported in Table I of the Reporting Person's Form 3 on April 5, 2022.
F2 Includes RSUs, each of which represents a contingent right to receive one share of Class A Common Stock and the acquisition of which was previously reported by the Reporting Person.

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.