Form 4: MoneyLion Inc. Executive Timmie Hong Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
MoneyLion's Chief Product Officer, Timmie Hong, disposed of 4,873 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, Timmie Hong, Chief Product Officer of MoneyLion Inc., disposed of 4,873 shares of Class A Common Stock.
- The transaction was executed to cover tax liabilities associated with the vesting of 12,345 restricted stock units (RSUs) and performance share units (PSUs).
- The shares were disposed of at a price of $80.99 per share.
- Following the transaction, Hong directly owns 126,684 shares, including RSUs and PSUs.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, and doesn't necessarily indicate positive or negative sentiment towards the company.
Industry Context
Form 4 filings are a routine part of executive compensation and stock ownership transparency in publicly traded companies. This transaction reflects standard practice for covering tax obligations related to equity compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of transaction: Timmie Hong disposed of shares to cover tax liabilities. |
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