Form 4: MoneyLion Executive Mark Torossian Sells Shares to Cover Tax Obligations and Under 10b5-1 Plan

Mark Torossian, Chief Accounting Officer of MoneyLion Inc., sold shares of Class A Common Stock to cover tax liabilities and under a pre-arranged trading plan.

Summary

• Mark Torossian, the Chief Accounting Officer of MoneyLion Inc., sold 1,136 shares of Class A Common Stock on February 18, 2025, at a price of $87.26 per share.
• These shares were sold to cover tax liabilities related to the vesting of restricted stock units (RSUs) and performance share units (PSUs).
• The sale was executed according to a mandatory instruction in the award agreement, intended to comply with Rule 10b5-1(c) of the Securities Exchange Act of 1934.
• Torossian also sold 1,198 shares of Class A Common Stock on February 20, 2025, at a price of $85.9 per share.
• This sale was conducted under a written trading plan adopted on March 12, 2024, also designed to meet the requirements of Rule 10b5-1(c).
• Following these transactions, Torossian beneficially owns 17,476 shares, including RSUs and PSUs.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock sales for tax purposes and under a pre-arranged trading plan, which is a common and expected practice.

Industry Context

Insider sales are a common occurrence, especially when related to tax obligations from vesting equity. The use of 10b5-1 trading plans is a standard practice to avoid accusations of trading on inside information.

Stakeholder Impact

• The stock sales could have a minor negative impact on shareholders due to the increased supply of shares in the market, but the impact is likely minimal given the relatively small number of shares sold.

Key Dates

Keywords

MoneyLion, Torossian, insider trading, Form 4, share sale, Rule 10b5-1, RSU, PSU, tax liabilities, Chief Accounting Officer