Samantha Roady - Sep 22, 2021 Form 4 Insider Report for Fusion Acquisition Corp. (ML)

Role
Chief Operating Officer
Signature
/s/ Adam VanWagner, as Attorney-in-Fact for Samantha Roady
Stock symbol
ML
Transactions as of
Sep 22, 2021
Transactions value $
-$1,150,001
Form type
4
Date filed
9/24/2021, 08:32 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ML Class A Common Stock Options Exercise $25.9K +118K $0.22 118K Sep 22, 2021 Direct
transaction ML Class A Common Stock Disposed to Issuer -$1.18M -118K -100% $10.00 0 Sep 22, 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ML Stock Options (Right to Buy) Award $0 +190K $0.00 190K Sep 22, 2021 Class A Common Stock 190K $0.22 Direct F2
transaction ML Stock Options (Right to Buy) Options Exercise $0 -118K -61.92% $0.00 72.3K Sep 22, 2021 Class A Common Stock 118K $0.22 Direct F1
transaction ML Stock Options (Right to Buy) Award $0 +3.38M $0.00 3.38M Sep 22, 2021 Class A Common Stock 3.38M $0.40 Direct F3
transaction ML Stock Options (Right to Buy) Award $0 +164K $0.00 164K Sep 22, 2021 Class A Common Stock 164K $0.59 Direct F4
transaction ML Stock Options (Right to Buy) Award $0 +404K $0.00 404K Sep 22, 2021 Class A Common Stock 404K $2.58 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In connection with the Issuer's business combination (the "Business Combination") with MoneyLion Inc., now known as MoneyLion Technologies Inc. ("Legacy ML") in accordance with the terms of the Agreement and Plan of Merger, dated February 11, 2021, as amended on June 28, 2021 and September 4, 2021, by and among the Issuer (f/k/a Fusion Acquisition Corp.), ML Merger Sub Inc. ("Merger Sub") and Legacy ML (the "Merger Agreement"), pursuant to which Merger Sub merged with and into Legacy ML, with Legacy ML surviving the merger as a wholly-owned subsidiary of the Issuer, the Reporting Person exercised options which such resulting shares of Class A Common Stock were simultaneously acquired by the Issuer.
F2 The option vests 25% on the first anniversary of September 1, 2017 and in equal monthly installments thereafter until it is fully vested on the fourth anniversary of such date. The stock option was received in the Business Combination in exchange for a stock option to acquire shares of Legacy ML common stock.
F3 The option vests 25% on the first anniversary of October 2, 2019 and in equal monthly installments thereafter until it is fully vested on the fourth anniversary of such date. The stock option was received in the Business Combination in exchange for a stock option to acquire shares of Legacy ML common stock.
F4 The option vests 25% on the first anniversary of May 1, 2020 and in equal monthly installments thereafter until it is fully vested on the fourth anniversary of such date. The stock option was received in the Business Combination in exchange for a stock option to acquire shares of Legacy ML common stock.
F5 The option vests 25% on the first anniversary of February 1, 2021 and in equal monthly installments thereafter until it is fully vested on the fourth anniversary of such date. The stock option was received in the Business Combination in exchange for a stock option to acquire shares of Legacy ML common stock.