Form 4: MoneyLion CLO Adam VanWagner Reports Share Conversion and Cancellation Following Merger with Gen Digital Inc.
SEC Form 4
Adam VanWagner, CLO and Secretary of MoneyLion Inc., reports the conversion and cancellation of Class A Common Stock and stock options following the merger with Gen Digital Inc.
Summary
- This Form 4 filing reports changes in beneficial ownership for Adam VanWagner, CLO and Secretary of MoneyLion Inc., following the merger with Gen Digital Inc.
- The merger, effective April 17, 2025, involved the conversion and cancellation of MoneyLion's Class A Common Stock.
- Each share of Class A Common Stock held by VanWagner was converted into the right to receive $82 in cash and one contingent value right (CVR) issued by Parent.
- Restricted stock units (RSUs) and performance stock units (PSUs) were either assumed by Parent and converted into Converted RSUs or cancelled and converted into the right to receive the merger consideration.
- Stock options with an exercise price less than the closing price of Class A Common Stock were cancelled and converted into the right to receive cash and one CVR.
Sentiment
Score: 7
Explanation: The document is a standard regulatory filing detailing the completion of a merger. The sentiment is neutral as it simply reports the facts of the transaction.
Future Outlook
The document does not contain explicit forward-looking statements beyond the completion of the merger.
Industry Context
This announcement reflects the completion of a merger transaction, a common occurrence in the tech industry as companies seek to consolidate, expand market share, or acquire new technologies.
Stakeholder Impact
- Shareholders of MoneyLion Inc. received cash and contingent value rights as part of the merger consideration.
- Employees with unvested RSUs and PSUs had their awards converted into awards related to Parent company stock.
Key Dates
| Date | Description |
|---|---|
| December 10, 2024 | Date of the Agreement and Plan of Merger between Gen Digital Inc. and MoneyLion Inc. |
| April 17, 2025 | Effective date of the merger and the Contingent Value Rights Agreement. |
| April 21, 2025 | Date of signature of the Form 4 filing. |
| September 30, 2028 | Expiration date of some stock options. |
| September 20, 2029 | Expiration date of some stock options. |
| April 30, 2030 | Expiration date of some stock options. |
| January 31, 2031 | Expiration date of some stock options. |
Keywords
Form 4, MoneyLion Inc., Gen Digital Inc., Merger, Beneficial Ownership, Adam VanWagner, Class A Common Stock, Contingent Value Right, RSU, PSU, Stock Options
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