Timmie Hong - Aug 15, 2024 Form 4 Insider Report for MONEYLION INC. (ML)

Role
Chief Product Officer
Signature
/s/ Adam VanWagner, as Attorney-in-Fact for Timmie Hong
Stock symbol
ML
Transactions as of
Aug 15, 2024
Transactions value $
-$341,030
Form type
4
Date filed
8/16/2024, 08:31 PM
Previous filing
Jul 17, 2024
Next filing
Sep 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ML Class A Common Stock Sale -$232K -5.14K -4.44% $45.10 111K Aug 15, 2024 Direct F1, F2
transaction ML Class A Common Stock Sale -$109K -2.37K -2.14% $46.16 108K Aug 16, 2024 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents shares of Class A common stock, par value $0.0001 per share ("Class A Common Stock"), of MoneyLion Inc. (the "Company") which were automatically sold to cover payment of the tax liabilities of the Reporting Person relating to the vesting of 12,344 restricted stock units ("RSUs") and performance share units ("PSUs") pursuant to a mandatory instruction in the award agreement adopted by the Reporting Person, effective as of July 30, 2024, that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Securities Exchange Act of 1934. The acquisition of the RSUs and PSUs were previously reported in Table I of the Reporting Person's Prior Form 4s.
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 Represents shares of Class A Common Stock sold pursuant to a written trading plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Securities Exchange Act of 1934, adopted by the Reporting Person on March 14, 2024.