Richard Correia - Feb 20, 2025 Form 4 Insider Report for MONEYLION INC. (ML)

Signature
/s/ Adam VanWagner, as Attorney-in-Fact for Richard Correia
Stock symbol
ML
Transactions as of
Feb 20, 2025
Transactions value $
-$300,332
Form type
4
Date filed
2/24/2025, 08:00 PM
Previous filing
Feb 20, 2025
Next filing
Apr 21, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ML Class A Common Stock Award $0 +19.5K +11.74% $0.00 186K Feb 20, 2025 Direct F1, F2
transaction ML Class A Common Stock Sale -$300K -3.5K -1.88% $85.76 183K Feb 24, 2025 Direct F2, F3
transaction ML Class A Common Stock Award $0 +57.8K +31.68% $0.00 240K Feb 24, 2025 Direct F2, F4
* 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") underlying performance share units ("PSUs") that were previously granted to the Reporting Person in 2024, which were subject to the achievement of certain performance goals during the year ended December 31, 2024. The number of PSUs set forth in Table I above represents the total number of PSUs earned upon achievement of the performance goals, the achievement of which was certified by the Compensation Committee (the "Committee") of the Board of Directors of Company on February 20, 2025. One-third of the earned PSUs vested immediately on the date of the Committee's certification. The remainder will vest quarterly in eight equal installments on the 15th day of each February, May, August and November beginning on May 15, 2025, subject to the Reporting Person's continued service with the Company or one of its subsidiaries through the applicable vesting date.
F2 Includes restricted stock units ("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 of Company which were automatically sold to cover payment of the tax liabilities of the Reporting Person relating to the vesting of 19,542 PSUs, the acquisition of which is reported herein, 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.
F4 Represents shares of Class A Common Stock of Company underlying RSUs that were granted to the Reporting Person by the Committee on February 24, 2025, each of which represents a contingent right to receive one share of Class A Common Stock. The RSUs will vest quarterly in twelve equal installments on the 15th day of each February, May, August and November beginning on May 15, 2025, subject to the Reporting Person's continued service with the Company or one of its subsidiaries through the applicable vesting date.