Form 4: MoneyLion Director Jeff Gary Sells 945 Shares of Class A Common Stock
SEC Form 4
Director Jeff Gary sold 945 shares of MoneyLion Inc. Class A Common Stock at an average price of $61.1016 on March 15, 2024.
Summary
- On March 15, 2024, Jeff Gary, a director of MoneyLion Inc., sold 945 shares of Class A Common Stock.
- The sale was executed at a weighted average price of $61.1016 per share, with individual trades ranging from $61.0911 to $61.3400.
- Following the transaction, Gary directly owns 7,731 shares, which includes restricted stock units representing a contingent right to receive one share of Class A Common Stock.
- All amounts of securities reported on this Form 4 have been adjusted to reflect the Reverse Stock Split.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine disclosure of stock sale by a director. The sale itself doesn't necessarily indicate a positive or negative outlook.
Industry Context
This is a standard SEC Form 4 filing, indicating a change in beneficial ownership by a company insider. Such filings are common and provide transparency to the market regarding insider transactions.
Stakeholder Impact
- The sale of shares by a director could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| 04/24/2023 | The Company effected a reverse stock split of the Class A Common Stock pursuant to which every 30 shares of Class A Common Stock were automatically reclassified into one new share of Class A Common Stock. |
| 03/15/2024 | Date of transaction: Jeff Gary sold 945 shares of Class A Common Stock. |
| 03/19/2024 | Date of signature for the Form 4 filing. |
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