Form 4: MoneyLion CLO Adam VanWagner Sells Shares to Cover Tax Obligations
SEC Form 4
Adam VanWagner, CLO and Secretary of MoneyLion Inc., sold 6,973 shares of Class A Common Stock to cover tax liabilities related to vesting of restricted stock units and performance share units.
Summary
- Adam VanWagner, the Chief Legal Officer and Secretary of MoneyLion Inc., sold 6,973 shares of Class A Common Stock on August 15, 2024.
- The sale was executed at a price of $45.1 per share.
- This transaction was to cover tax liabilities associated with the vesting of 12,968 restricted stock units (RSUs) and performance share units (PSUs).
- The sale was conducted under a pre-arranged trading plan (Rule 10b5-1(c)) adopted on July 30, 2024.
- Following the transaction, VanWagner still beneficially owns 109,298 shares, including RSUs and PSUs.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) and does not contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of shares to cover tax obligations upon vesting of equity awards are a common practice among corporate executives. This transaction is a routine event and doesn't necessarily indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 07/30/2024 | Date of adoption of the Rule 10b5-1(c) trading plan. |
| 08/15/2024 | Date of the share sale transaction. |
| 08/16/2024 | Date of signature on the Form 4 filing. |
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