Timmie Hong - 18 Nov 2024 Form 4/A - Amendment Insider Report for MONEYLION INC. (ML)

Role
Chief Product Officer
Signature
/s/ Adam VanWagner, as Attorney-in-Fact for Timmie Hong
Issuer symbol
ML
Transactions as of
18 Nov 2024
Net transactions value
+$31,500
Form type
4/A - Amendment
Filing time
17 Jan 2025, 17:00:25 UTC
Date Of Original Report
19 Nov 2024
Previous filing
19 Nov 2024
Next filing
17 Jan 2025
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 $16,500 +2,500 +2.5% $6.60 100,725 18 Nov 2024 Direct F1, F2
transaction ML Class A Common Stock Options Exercise $15,000 +1,250 +1.2% $12.00 101,975 18 Nov 2024 Direct F1, F2

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 -2,500 -27% $0.000000 6,877 18 Nov 2024 Class A Common Stock 2,500 $6.60 Direct F3
transaction ML Stock Options (Right to Buy) Options Exercise $0 -407 -3.2% $0.000000 12,354 18 Nov 2024 Class A Common Stock 407 $12.00 Direct F4
transaction ML Stock Options (Right to Buy) Options Exercise $0 -843 -7.4% $0.000000 10,573 18 Nov 2024 Class A Common Stock 843 $12.00 Direct F5
* 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 This amendment is being filed to reflect the exercise of options in connection with the exercise and sale of options executed under the reporting person's 10b5-1 trading plan. The sale was reported on the original Form 4 but the exercise was inadvertently omitted from the original filing.
F2 Includes restricted stock units and performance share units, each of which represents a contingent right to receive one share of Class A common stock, par value $0.0001 per share, of MoneyLion Inc. and the acquisition of which was previously reported in Table I of the Reporting Person's prior Form 4s.
F3 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.
F4 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.
F5 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.