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

Director Michael Paull reports the cancellation and conversion of Class A Common Stock and restricted stock units into cash and contingent value rights following the merger between MoneyLion and Gen Digital.

Summary

• Michael Paull, a director at MoneyLion Inc., filed a Form 4 detailing changes in beneficial ownership due to the merger with Gen Digital Inc.
• The merger, effective April 17, 2025, resulted in the cancellation and conversion of Paull's Class A Common Stock into cash and contingent value rights (CVRs).
• Each share of Class A Common Stock was converted into the right to receive $82 in cash and one CVR.
• Restricted stock units held by Paull were also cancelled and converted into the right to receive the same merger consideration.
• Paull directly held 10,970 shares of Class A Common Stock which were cancelled.
• Paull also held 417 restricted stock units which were cancelled.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as the merger has been completed, and the director's holdings have been converted as expected. The CVR component introduces a potential future upside.

Future Outlook

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

Industry Context

This announcement reflects ongoing consolidation 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

• Mergers in the fintech space often involve a combination of cash and equity, similar to the $82 cash plus CVR structure in this deal.
• Contingent Value Rights are sometimes used in mergers to bridge valuation gaps and provide shareholders with potential upside based on future performance, a common practice seen in acquisitions of growth-oriented companies.

Stakeholder Impact

• Shareholders of MoneyLion received cash and contingent value rights as part of the merger consideration.
• Employees may experience changes as a result of the integration with Gen Digital.

Key Dates

Keywords

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