Form 4: MoneyLion Director Matthew Derella Reports Share Cancellation and Conversion Following Merger with Gen Digital Inc.

Matthew Derella, 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

• This Form 4 filing reports changes in beneficial ownership for Matthew Derella, a director at MoneyLion Inc., following the merger with Gen Digital Inc.
• As a result of the merger, each share of Class A Common Stock held by Derella was cancelled and converted into the right to receive $82 in cash and one contingent value right (CVR).
• Restricted stock units held by Derella were also cancelled and converted into the right to receive the same merger consideration.
• The transaction occurred on April 17, 2025, following the agreement dated December 10, 2024.
• After the transaction, Derella no longer directly owns Class A Common Stock or restricted stock units.

Sentiment

Score: 7

Explanation: The sentiment is neutral as it reports the completion of a previously announced merger. The conversion of shares into cash and CVRs is a standard outcome in such transactions.

Future Outlook

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

Industry Context

This announcement reflects the completion of a merger transaction, a common occurrence in the financial technology and digital services industries as companies seek to consolidate and expand their market presence.

Stakeholder Impact

• Shareholders of MoneyLion Inc. received cash and contingent value rights for their shares.
• The merger impacts the ownership structure and future direction of MoneyLion Inc.

Key Dates

Keywords

Form 4, MoneyLion, Gen Digital, Merger, Matthew Derella, Beneficial Ownership, Class A Common Stock, Contingent Value Right, Director