Diwakar Choubey - 17 Nov 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
Issuer symbol
ML
Transactions as of
17 Nov 2023
Net transactions value
-$574,579
Form type
4
Filing time
21 Nov 2023, 20:10:12 UTC
Previous filing
17 Nov 2023
Next filing
22 Nov 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ML Class A Common Stock Sale $19,756 -600 -0.08% $32.93 717,307 17 Nov 2023 Direct F1, F2
transaction ML Class A Common Stock Sale $310,920 -9,297 -1.3% $33.44 708,010 20 Nov 2023 Direct F2, F3
transaction ML Class A Common Stock Sale $243,904 -7,121 -1% $34.25 700,889 21 Nov 2023 Direct F2, F4
holding ML Class A Common Stock 12,622 17 Nov 2023 By Spouse
holding ML Class A Common Stock 27,346 17 Nov 2023 By FIG Growth Trust F5
holding ML Class A Common Stock 27,346 17 Nov 2023 By FIG Heritage Trust I F5
holding ML Class A Common Stock 28,713 17 Nov 2023 By FIG Heritage Trust 2 F5
holding ML Class A Common Stock 28,713 17 Nov 2023 By FIG Heritage Trust 3 F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Class A common stock, par value $0.0001 per share (the "Class A Common Stock"), of MoneyLion Inc. (the "Company") were sold in multiple trades at prices ranging from $32.5450 to $33.0850 per share, inclusive. The price reported in Column 4 reflects the weighted average price per share. The Reporting Person hereby undertakes to provide to the staff of the Securities and Exchange Commission, the Company or any security holder of the Company, upon request, full information regarding the number of shares purchased at each separate price.
F2 Includes restricted stock units ("RSUs") and performance share units ("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 of Class A Common Stock were sold in multiple trades at prices ranging from $32.60 to $34.53 per share, inclusive. The price reported in Column 4 reflects the weighted average price per share. The Reporting Person hereby undertakes to provide to the staff of the Securities and Exchange Commission, the Company or any security holder of the Company, upon request, full information regarding the number of shares purchased at each separate price.
F4 The shares of Class A Common Stock were sold in multiple trades at prices ranging from $33.75 to $34.86 per share, inclusive. The price reported in Column 4 reflects the weighted average price per share. The Reporting Person hereby undertakes to provide to the staff of the Securities and Exchange Commission, the Company or any security holder of the Company, upon request, full information regarding the number of shares purchased at each separate price.
F5 The Reporting Person disclaims beneficial ownership except to the extent of his pecuniary interest therein.

Remarks:

1. The transactions reported on this Form 4 resulted in profits under Section 16(b) of the Securities Exchange Act of 1934, for which the Reporting Person is remitting the maximum amount of the profits realized in connection with the transactions to the Company, as issuer. 2. 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.