Form 4: MoneyLion Director Hanson Reports Share Cancellation and Conversion Following Gen Digital Merger

Bradley C. Hanson, a director at MoneyLion Inc., reports the cancellation and conversion of Class A Common Stock and restricted stock units into cash and contingent value rights following the merger with Gen Digital Inc.

Summary

• Director Bradley C. Hanson filed a Form 4 detailing changes in beneficial ownership of MoneyLion Inc. securities.
• The changes result from the merger between MoneyLion Inc. and Gen Digital Inc., which became effective on April 17, 2025.
• Hanson's Class A Common Stock was cancelled and converted into the right to receive $82 in cash and one contingent value right (CVR) per share.
• Restricted stock units held by Hanson were also cancelled and converted into the right to receive the same merger consideration for each unit.
• The merger agreement was initially dated December 10, 2024.
• The CVRs are subject to a Contingent Value Rights Agreement dated April 17, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it primarily reports factual information about the completion of a merger. The value of the CVR is unknown, so it is difficult to assess the overall impact.

Future Outlook

The document does not contain specific forward-looking statements beyond the completion of the merger.

Industry Context

This announcement reflects ongoing consolidation trends within the fintech and digital security industries, as companies seek to expand their market presence and service offerings through mergers and acquisitions.

Comparison to Industry Standards

• Merger consideration structures involving cash and contingent value rights are relatively common in M&A transactions, particularly in sectors with uncertain future performance or regulatory outcomes.
• Comparable transactions would include similar mergers in the fintech space where earn-out provisions or CVRs were used to bridge valuation gaps between the acquirer and target company.
• The specific value of the CVRs will depend on the terms outlined in the Contingent Value Rights Agreement and the future performance of the combined entity.

Stakeholder Impact

• Shareholders of MoneyLion Inc. will receive cash and contingent value rights for their shares.
• Employees of MoneyLion Inc. may experience changes as a result of the merger with Gen Digital Inc.

Key Dates

Keywords

MoneyLion, Gen Digital, Merger, Form 4, Beneficial Ownership, Director, Class A Common Stock, Contingent Value Rights, CVR, Restricted Stock Units