Form 4: MoneyLion Director Matthew Derella Receives Annual Restricted Stock Units

Director Matthew Derella received 1,668 restricted stock units (RSUs) of MoneyLion Inc. on June 13, 2024, as part of the company's Outside Director Compensation Program.

Summary

• On June 13, 2024, Matthew Derella, a director of MoneyLion Inc., was granted 1,668 restricted stock units (RSUs) as part of the company's Outside Director Compensation Program.
• These RSUs represent a contingent right to receive one share of Class A common stock of MoneyLion Inc. per unit.
• The RSUs will 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 Derella's continued service on the Company's Board of Directors on each vesting date.
• Following this transaction, Derella beneficially owns a total of 8,674 RSUs, including those previously reported.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The RSU grant is a standard practice and aligns director interests with shareholders. There are no immediate negative implications.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service on the Board of Directors.

Risks

• The value of the RSUs is dependent on the future performance of MoneyLion's Class A common stock.
• Failure to remain on the Board of Directors would forfeit unvested RSUs.

Future Outlook

The director's compensation is tied to the company's stock performance, incentivizing efforts to increase shareholder value.

Industry Context

Granting stock-based compensation to directors is a common practice to align their interests with those of shareholders and incentivize long-term value creation. This is standard practice across the financial technology industry.

Comparison to Industry Standards

• Many fintech companies, such as SoFi, Upstart, and LendingClub, utilize stock-based compensation for their board members.
• The vesting schedules and amounts of RSUs granted are generally comparable to industry norms for companies of similar size and stage of development.
• These grants are designed to attract and retain qualified directors and align their interests with the long-term success of the company.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it aligns director interests with long-term company performance.
• Employees may see this as a sign of stability and commitment from the board.

Key Dates