Form 4: Director Ellen Richey Receives Green Dot RSU Grant

Green Dot Corporation director Ellen Richey was granted 17,496 restricted stock units as part of a standard equity compensation arrangement.

Summary

• Director Ellen Richey acquired 17,496 restricted stock units (RSUs) of Green Dot Corp (GDOT) Class A Common Stock.
• The grant was issued on May 21, 2026, at a price of $0.00 per share.
• Following this transaction, the director's total beneficial ownership increased to 91,965 shares.
• The RSUs are subject to specific vesting conditions linked to the company's merger agreement with CommerceOne Financial Corporation.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation and does not signal a change in company performance or outlook.

Positives

• Alignment of director interests with shareholders through equity-based compensation.
• Increased total beneficial ownership by a member of the board.

Negatives

• None identified in this filing.

Risks

• Vesting of the RSU award is contingent upon the closing of the merger with CommerceOne Financial Corporation.
• Potential for prorated vesting if the merger closing occurs prior to the first anniversary of the grant date.

Future Outlook

The RSU award is scheduled to vest on the first anniversary of the grant date, subject to acceleration or proration based on the closing of the merger with CommerceOne Financial Corporation.

Management Comments

• The RSU award is subject to the terms of the Merger Agreement dated November 23, 2025.

Industry Context

StockSavvy.ai notes that director equity grants are standard corporate governance practices, though the specific linkage to a pending merger indicates active integration planning between Green Dot and CommerceOne.

Comparison to Industry Standards

• Equity-based compensation for board members is consistent with standard practices for publicly traded financial technology companies.
• The use of merger-contingent vesting schedules is a common mechanism to ensure leadership retention during corporate transitions.

Stakeholder Impact

• Shareholders: Increased alignment of director incentives with long-term company performance.
• Director: Increased equity stake in the company.

Next Steps

• Vesting of the RSU award on the first anniversary of the grant date or upon the closing of the merger with CommerceOne Financial Corporation.

Key Dates

Keywords

Green Dot Corp, GDOT, Form 4, Insider Trading, Restricted Stock Units, Director Compensation, Merger