---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-021076"
form_type: "8-K"
ticker: null
cik: "0001807846"
company_name: "MONEYLION INC."
filed_at: "2023-03-17T23:59:59+00:00"
generated_at: "2026-06-17T23:41:55.227956+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# MoneyLion awards 7.77M RSUs and target 3.88M PSUs to top three executives; CFO named President

## Summary
- CEO Diwakar Choubey: 4M RSUs + 2M target KPI PSUs; CFO Richard Correia: 2.67M RSUs + 1.33M PSUs; CPO Timmie Hong: 1.1M RSUs + 0.55M PSUs.
- Richard Correia appointed President effective March 15, 2023, while retaining CFO and Treasurer roles.
- RSUs vest quarterly over 3 years; KPI PSUs tied to 2023 revenue, customer acquisition, and EBITDA goals with 80-120% payout range.
- Bylaws amended to implement universal proxy requirements and remove expired lock-up restrictions on Class A common stock.

## SEC filing metadata
- accession: 0001213900-23-021076
- form_type: 8-K
- cik: 0001807846
- company_name: MONEYLION INC.
- filed_at: 2023-03-17T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1807846/000121390023021076/0001213900-23-021076-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1807846/000121390023021076/ea175420-8k_moneylion.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-021076
- JSON: https://secwatch.observer/filing/0001213900-23-021076.json
- Plain text: https://secwatch.observer/filing/0001213900-23-021076.txt

## Key facts
- Executive change
  Richard Correia was appointed as President at MONEYLION INC..
  - Action: appointed
  - Role: President
  source text: On March 15, 2023, Richard Correia, the current Chief Financial Officer and Treasurer of the Company, was given the additional title of President by the Board of Directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1807846/000121390023021076/0001213900-23-021076-index.htm
- Governance Changes
  MONEYLION INC.: Amended and restated bylaws to update director nomination procedures regarding universal proxy cards and remove expired lockup restrictions (effective 2023-03-15).
  - Change: bylaw amendment
  - Effective: 2023-03-15
  source text: On March 15, 2023, as part of its periodic review of corporate governance matters, the Board of Directors approved and adopted the Company’s revised Amended and Restated Bylaws (the “ Bylaws ”), which became effective as of March 15, 2023. The Bylaws incorporate certain amendments to, among other things: ● update the procedures and disclosure requirements for director nominations made by stockholders in connection with the SEC rules regarding the use of “universal proxy cards” in order to address matters relating to Rule 14a-19 under the Securities Exchange Act of 1934, as amended, including setting forth circumstances under which the Company may disregard the nomination of a proposed director nominee by a stockholder; and ● remove historical lockup restrictions on the transfer of shares of Class A Common Stock of the Company, as the lockup period expired in 2022. The Bylaws also include various immaterial conforming, technical and ministerial changes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1807846/000121390023021076/0001213900-23-021076-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.