Form 4: MoneyLion CEO Diwakar Choubey Reports Tax-Related Stock Disposal
SEC Form 4
Diwakar Choubey, CEO of MoneyLion Inc., disposed of shares to cover tax liabilities related to vesting of restricted stock units and performance share units.
Summary
- On May 15, 2024, Diwakar Choubey, CEO and Director of MoneyLion Inc., reported a transaction involving Class A Common Stock.
- 19,126 shares were disposed of to cover tax liabilities related to the vesting of restricted stock units (RSUs) and performance share units (PSUs).
- The price per share for the transaction was $80.99.
- Following the transaction, Choubey directly owns 776,898 shares of Class A Common Stock.
- Choubey also has indirect ownership through his spouse (12,622 shares) and several FIG Growth and Heritage Trusts (27,346 to 28,713 shares each).
- The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard practice of covering tax obligations related to equity compensation.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of transaction: Disposal of shares to cover tax liabilities. |
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