Richard Correia - 17 Nov 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
Issuer symbol
ML
Transactions as of
17 Nov 2023
Net transactions value
-$1,273,963
Form type
4
Filing time
21 Nov 2023, 20:11:14 UTC
Previous filing
17 Nov 2023
Next filing
01 Dec 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 Options Exercise $46,800 +12,000 +7.7% $3.90* 168,824 17 Nov 2023 Direct F1
transaction ML Class A Common Stock Tax liability $49,427 -1,491 -0.88% $33.15 167,333 17 Nov 2023 Direct F1, F2
transaction ML Class A Common Stock Options Exercise $12,905 +3,309 +2% $3.90* 170,642 17 Nov 2023 Direct F1
transaction ML Class A Common Stock Sale $109,092 -3,309 -1.9% $32.97 167,333 17 Nov 2023 Direct F1, F3
transaction ML Class A Common Stock Sale $164,034 -5,151 -3.1% $31.85 162,182 17 Nov 2023 Direct F1, F4
transaction ML Class A Common Stock Options Exercise $102,207 +26,207 +16% $3.90* 188,389 20 Nov 2023 Direct F1
transaction ML Class A Common Stock Sale $869,381 -26,207 -14% $33.17 162,182 20 Nov 2023 Direct F1, F5
transaction ML Class A Common Stock Sale $243,941 -7,360 -4.5% $33.14 154,822 20 Nov 2023 Direct F1, F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ML Stock Options (Right to Buy) Options Exercise $0 -12,000 -29% $0.000000 29,516 17 Nov 2023 Class A Common Stock 12,000 $3.90 Direct F7
transaction ML Stock Options (Right to Buy) Options Exercise $0 -3,309 -11% $0.000000 26,207 17 Nov 2023 Class A Common Stock 3,309 $3.90 Direct F7
transaction ML Stock Options (Right to Buy) Options Exercise $0 -26,207 -100% $0.000000* 0 20 Nov 2023 Class A Common Stock 26,207 $3.90 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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, par value $0.0001 per share (the "Class A Common Stock"), of MoneyLion Inc. (the "Company") and the acquisition of which was previously reported in Table I of the Reporting Person's prior Form 4s.
F2 Represents shares of Class A Common Stock sold to cover the exercise price and payment of the tax liabilities of the Reporting Person related to the exercise of 12,000 stock options, as reported on this Form 4.
F3 The shares of Class A Common Stock were sold in multiple trades at prices ranging from $32.00 to $34.00 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 $31.42 to $34.00 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 shares of Class A Common Stock were sold in multiple trades at prices ranging from $32.03 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.
F6 The shares of Class A Common Stock were sold in multiple trades at prices ranging from $32.09 to $34.37 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.
F7 25% of the stock option award vested on the first anniversary of December 31, 2016, and the remaining stock option award vested in equal monthly installments thereafter until fully vested on the fourth anniversary of such date.

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 and exercise prices reported on this Form 4 have been adjusted to reflect the Reverse Stock Split.