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 June 12, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Richard Correia, the President, CFO, and Treasurer of MoneyLion Inc., sold shares of Class A Common Stock on June 12, 2024.
• The sales 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.
• A total of 28,675 shares were sold in multiple transactions at prices ranging from $87.80 to $92.29 per share.
• Following the reported transactions, Correia beneficially owns 232,325 shares of Class A Common Stock, which includes restricted stock units and performance share units.

Sentiment

Score: 5

Explanation: The document is neutral as it simply reports the sale of shares under a pre-existing trading plan. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Risks

• The sale of shares by a company executive could be perceived negatively by investors, although the use of a 10b5-1 trading plan mitigates concerns about insider trading.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Sales by company executives are a common occurrence, and the use of a 10b5-1 trading plan provides transparency and helps avoid accusations of insider trading. Investors often monitor these transactions for insights into management's perspective on the company's value.

Stakeholder Impact

• The sale of shares could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.

Key Dates