Form 4: MoneyLion CLO Adam VanWagner Sells Shares Under 10b5-1 Plan

MoneyLion's Chief Legal Officer and Secretary, Adam VanWagner, sold 6,165 shares of Class A Common Stock on November 7, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Adam VanWagner, the Chief Legal Officer and Secretary of MoneyLion Inc., sold 6,165 shares of Class A Common Stock on November 7, 2024.
• The sale was executed at a price of $70 per share.
• The transaction was conducted under a pre-arranged written trading plan that complies with Rule 10b5-1(c) of the Securities Exchange Act of 1934, which was adopted on May 24, 2024.
• Following the transaction, VanWagner directly owns 103,133 shares, which includes restricted stock units and performance share units.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it's a routine disclosure of a planned stock sale by an executive. The existence of a 10b5-1 plan suggests the sale was pre-arranged and not based on any specific positive or negative information.

Positives

• The sale was conducted under a pre-arranged 10b5-1 trading plan, indicating it was planned in advance and not based on recent insider information.

Future Outlook

NA

Industry Context

This Form 4 filing is a routine disclosure of insider transactions. It's common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information. The market will likely view this as a neutral event unless the size of the transaction is unusually large or frequent.

Stakeholder Impact

• The sale of shares by an executive could have a minor negative impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates this concern.

Key Dates