Richard Correia - Aug 15, 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
Aug 15, 2023
Transactions value $
-$212,148
Form type
4
Date filed
8/17/2023, 08:06 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 -$110K -6.69K -3.23% $16.46 201K Aug 15, 2023 Direct F1, F2
transaction ML Class A Common Stock Sale -$71.5K -4.94K -2.46% $14.46 196K Aug 16, 2023 Direct F2, F3
transaction ML Class A Common Stock Sale -$30.5K -2.06K -1.05% $14.83 194K Aug 17, 2023 Direct F2, 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 (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 12,530 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 shares were sold in multiple trades at prices ranging from $14.3400 to $14.6950 per share, inclusive. The price reported in Column 4 reflects the weighted average price. The Reporting Person hereby undertakes to provide to the staff of the Securities and Exchange Commission, MoneyLion Inc. or any security holder of MoneyLion Inc., upon request, full information regarding the number of shares sold at each separate price.
F4 The shares were sold in multiple trades at prices ranging from $14.7200 to $15.0300 per share, inclusive. The price reported in Column 4 reflects the weighted average price. The Reporting Person hereby undertakes to provide to the staff of the Securities and Exchange Commission, MoneyLion Inc. or any security holder of MoneyLion Inc., upon request, full information regarding the number of shares sold at each separate price.

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.