Richard Correia - 11 Mar 2024 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
11 Mar 2024
Net transactions value
-$4,716,370
Form type
4
Filing time
13 Mar 2024, 20:03:10 UTC
Previous filing
08 Mar 2024
Next filing
15 May 2024
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 $165,000 +25,000 +10% $6.60 265,075 11 Mar 2024 Direct F1
transaction ML Class A Common Stock Tax liability $175,479 -2,594 -0.98% $67.65 262,481 11 Mar 2024 Direct F1, F2, F3
transaction ML Class A Common Stock Options Exercise $32,597 +4,939 +1.9% $6.60 267,420 12 Mar 2024 Direct F1
transaction ML Class A Common Stock Options Exercise $47,088 +3,924 +1.5% $12.00 271,344 12 Mar 2024 Direct F1
transaction ML Class A Common Stock Options Exercise $949,512 +79,126 +29% $12.00 350,470 12 Mar 2024 Direct F1
transaction ML Class A Common Stock Sale $5,735,088 -87,989 -25% $65.18 262,481 12 Mar 2024 Direct F1, F4

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 -25,000 -66% $0.000000 13,112 11 Mar 2024 Class A Common Stock 25,000 $6.60 Direct F5
transaction ML Stock Options (Right to Buy) Options Exercise $0 -4,939 -38% $0.000000 8,173 12 Mar 2024 Class A Common Stock 4,939 $6.60 Direct F5
transaction ML Stock Options (Right to Buy) Options Exercise $0 -3,924 -52% $0.000000 3,610 12 Mar 2024 Class A Common Stock 3,924 $12.00 Direct F6
transaction ML Stock Options (Right to Buy) Options Exercise $0 -79,126 -83% $0.000000 16,585 12 Mar 2024 Class A Common Stock 79,126 $12.00 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 25,000 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 $67.32 to $68.01 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 $65.00 to $65.60 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 25% of the stock option award vested on the first anniversary of November 15, 2017, and the remaining stock option award vested in equal monthly installments thereafter until fully vested on the fourth anniversary of such date.
F6 25% of the stock option award vested on the first anniversary of November 1, 2018, and the remaining stock option award vested in equal monthly installments thereafter until fully vested on the fourth anniversary of such date.
F7 25% of the stock option award vested on the first anniversary of September 21, 2019, 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.