Form 4: MoneyLion CFO Richard Correia Sells Shares Under 10b5-1 Trading Plan

Richard Correia, President, CFO, and Treasurer of MoneyLion Inc., sold shares of Class A Common Stock on November 7th and 8th, 2024, under a pre-arranged trading plan.

Summary

• Richard Correia, the President, CFO, and Treasurer of MoneyLion Inc., reported the sale of Class A Common Stock.
• The sales occurred on November 7th and 8th, 2024.
• On November 7th, 5,296 shares were sold at a price of $60.
• On November 8th, 4,046 shares were sold at a price of $80.
• These transactions were executed under a written trading plan adopted on March 13, 2024, intended to comply with Rule 10b5-1(c) of the Securities Exchange Act of 1934.
• Following these transactions, Correia directly owns 209,845 shares of Class A Common Stock, which includes restricted stock units and performance share units.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock sales by an executive. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on any specific current information about the company.

Industry Context

This filing is a routine disclosure of insider trading activity. It's common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.

Stakeholder Impact

• The stock sales could have a minor negative impact on shareholder sentiment, although the use of a 10b5-1 plan mitigates concerns about insider information.

Key Dates