Form 4: MoneyLion Director Jeff Gary Reports Acquisition of Class A Common Stock

Director Jeff Gary reports the acquisition of 1,668 shares of Class A Common Stock in MoneyLion Inc. through an annual award of restricted stock units.

Summary

• On June 13, 2024, Jeff Gary, a director of MoneyLion Inc., reported the acquisition of 1,668 shares of Class A Common Stock.
• These shares were obtained through an annual award of restricted stock units (RSUs) granted under the company's Outside Director Compensation Program.
• The RSUs vest in four equal installments: 25% on September 13, 2024, 25% on December 13, 2024, 25% on March 13, 2025, and 25% on June 13, 2025.
• Vesting is contingent upon Jeff Gary's continued service on the Company's Board of Directors on each vesting date.
• Following the reported transaction, Jeff Gary beneficially owns 9,399 shares of Class A Common Stock, including previously reported RSUs.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of director compensation. The acquisition of shares by a director is generally viewed positively, but it's a routine event.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future prospects.
• The vesting schedule incentivizes continued service and alignment with the company's long-term goals.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting schedule of the RSUs implies an expectation of continued service by the director.

Industry Context

This filing is a routine disclosure related to director compensation and is typical for publicly traded companies. It reflects standard practices for incentivizing and retaining board members.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity, with RSUs being a common component.
• Vesting schedules are generally structured to align director interests with long-term shareholder value, typically over a 1-4 year period.
• Companies like Upstart and LendingClub also utilize RSU grants as part of their director compensation packages, with similar vesting schedules.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the company's long-term performance.
• The transaction has no immediate impact on employees, customers, suppliers, or creditors.

Key Dates