Form 4: MoneyLion CEO Diwakar Choubey Sells Shares Under 10b5-1 Trading Plan

MoneyLion's CEO, Diwakar Choubey, executed sales of Class A Common Stock on July 16, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Diwakar Choubey, CEO and Director of MoneyLion Inc., reported the sale of Class A Common Stock on July 16, 2024.
• The sales were executed under a pre-arranged trading plan (Rule 10b5-1(c)) adopted on March 13, 2024.
• A total of 2,706 shares were sold at a weighted average price of $85.7027, with prices ranging from $85.12 to $86.10 per share.
• An additional 13,512 shares were sold at a weighted average price of $86.6585, with prices ranging from $86.12 to $87.1150 per share.
• Furthermore, 1,429 shares were sold at a weighted average price of $87.299, with prices ranging from $87.13 to $87.50 per share.
• Following these transactions, Choubey directly owns 736,513 shares of Class A Common Stock.
• Choubey also indirectly owns shares through his spouse and various FIG Growth and Heritage Trusts.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting the sale of shares by a company executive under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

Sales by company executives are a common occurrence, often executed under pre-arranged trading plans to avoid accusations of insider trading. The market typically assesses these sales in light of the executive's overall holdings and the company's performance.

Stakeholder Impact

• The sale of shares by the CEO could be perceived negatively by some shareholders, potentially leading to a slight decrease in stock price, although the existence of a pre-arranged trading plan may mitigate this effect.

Key Dates