Luvleen Sidhu - Oct 31, 2023 Form 4 Insider Report for BM Technologies, Inc. (BMTX)

Role
Chief Executive Officer, Director
Signature
/s/ Luvleen Sidhu, by Louis Adimando, as attorney-in-fact
Stock symbol
BMTX
Transactions as of
Oct 31, 2023
Transactions value $
-$813
Form type
4
Date filed
2/13/2024, 04:09 PM
Previous filing
May 16, 2023
Next filing
Mar 6, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BMTX Class A Common Stock Options Exercise $0 +880 +0.14% $0.00 612K Oct 31, 2023 Direct F1
transaction BMTX Class A Common Stock Tax liability -$813 -346 -0.06% $2.35 612K Oct 31, 2023 Direct F2

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 BMTX Restricted Stock Unit Options Exercise $0 -880 -50% $0.00 880 Oct 31, 2023 Class A Common Stock 880 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents vested shares of restricted stock units granted on May 12, 2023. Restricted stock units convert into Class A Common Stock on a one-for-one basis.
F2 Shares withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting and delivery of restricted stock units on October 31, 2023.
F3 The remaining unvested portion of this restricted stock unit award will vest on April 30, 2024, subject to the reporting person's continued employment with the Issuer. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock upon vesting of the unit.

Remarks:

Exhibit 24 - Power of Attorney