Form 4: MoneyLion Inc. Executive Timmie Hong Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Timmie Hong, Chief Product Officer of MoneyLion Inc., sold 4,016 shares of Class A Common Stock to cover tax liabilities related to the vesting of restricted stock units and performance share units.
Summary
- On February 18, 2025, Timmie Hong, the Chief Product Officer of MoneyLion Inc., sold 4,016 shares of Class A Common Stock.
- The sale was executed at a price of $87.26 per share.
- This transaction was made to cover tax liabilities associated with the vesting of 12,335 restricted stock units (RSUs) and performance share units (PSUs).
- The sale was conducted under a pre-arranged trading plan (Rule 10b5-1(c)) adopted on July 30, 2024.
- Following the transaction, Timmie Hong beneficially owns 86,995 shares of Class A Common Stock, including RSUs and PSUs.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction is a routine sale to cover tax obligations and doesn't reflect a change in the executive's overall confidence in the company.
Industry Context
This is a routine transaction for executives to cover tax obligations related to equity compensation. It is common practice and doesn't necessarily indicate a negative outlook on the company.
Key Dates
| Date | Description |
|---|---|
| July 30, 2024 | Date of adoption of the Rule 10b5-1(c) trading plan. |
| February 18, 2025 | Date of the transaction (sale of shares). |
| February 20, 2025 | Date of signature of the SEC Form 4. |
Keywords
MoneyLion Inc., Timmie Hong, Class A Common Stock, SEC Form 4, insider trading, Rule 10b5-1(c), RSUs, PSUs, tax liabilities, executive compensation
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