Form 4: MoneyLion Inc. Executive Mark Torossian Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Mark Torossian, Chief Accounting Officer of MoneyLion Inc., disposed of 770 shares of Class A Common Stock to cover tax liabilities related to vesting of restricted stock units and performance share units.
Summary
- On May 15, 2024, Mark Torossian, the Chief Accounting Officer of MoneyLion Inc., reported a transaction involving the disposal of 770 shares of Class A Common Stock.
- The shares were disposed of to cover tax liabilities related to the vesting of restricted stock units (RSUs) and performance share units (PSUs).
- The price per share was $80.99.
- Following the transaction, Torossian beneficially owns 23,224 shares of Class A Common Stock, including RSUs and PSUs.
Sentiment
Score: 5
Explanation: Neutral sentiment as this is a routine transaction related to tax obligations.
Industry Context
Form 4 filings are a routine part of compliance for corporate insiders and provide transparency into their transactions in company stock. This transaction is related to tax obligations arising from equity compensation.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares by an executive to cover tax liabilities.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of transaction: Disposal of shares to cover tax liabilities. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.