Timmie Hong - Dec 16, 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
Dec 16, 2024
Transactions value $
-$529,198
Form type
4
Date filed
12/18/2024, 05:05 PM
Previous filing
Nov 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ML Class A Common Stock Sale -$404K -4.67K -5.07% $86.52 87.4K Dec 16, 2024 Direct F1, F2, F3
transaction ML Class A Common Stock Sale -$116K -1.32K -1.51% $87.81 86.1K Dec 16, 2024 Direct F1, F3, F4
transaction ML Class A Common Stock Sale -$8.88K -100 -0.12% $88.75 86K Dec 16, 2024 Direct F1, F3

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 -2.5K -36.35% $0.00 4.38K Dec 16, 2024 Class A Common Stock 2.5K $6.60 Direct F5
transaction ML Stock Options (Right to Buy) Options Exercise $0 -1.25K -11.82% $0.00 9.32K Dec 16, 2024 Class A Common Stock 1.25K $12.00 Direct F6
* 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") 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.
F2 The shares of Class A Common Stock of the Company were sold in multiple trades at prices ranging from $86.03 to $87.00 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 sold at each separate price.
F3 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.
F4 The shares of Class A Common Stock of the Company were sold in multiple trades at prices ranging from $87.12 to $88.06 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 sold 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 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.