Warren Taylor - 31 Jan 2025 Form 4 Insider Report for BM Technologies, Inc. (BMTX)

Role
Executive Vice President
Signature
/s/ Warren Taylor, by Louis Adimando, as attorney-in-fact
Issuer symbol
BMTX
Transactions as of
31 Jan 2025
Transactions value $
-$194,500
Form type
4
Filing time
03 Feb 2025, 08:28:16 UTC
Previous filing
14 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BMTX Common Stock Disposed to Issuer -$194,500 -38,900 -100% $5 0 31 Jan 2025 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Warren Taylor is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On January 31, 2025, pursuant to the Agreement and Plan of Merger, dated October 24, 2024 (the "Merger Agreement"), between Issuer, First Carolina Bank ("Parent") and Double Eagle Acquisition Corp., Inc. ("Merger Sub"), Merger Sub merged with and into the Issuer, with Issuer continuing as the surviving corporation and wholly-owned subsidiary of the Parent (the "Merger").
F2 On January 31, 2025, pursuant to the Merger Agreement, each share of the Issuer's common stock, par value $.00001 per share, issued and outstanding prior to the effective time of the Merger was converted into the right to receive an amount in cash equal to $5.00 per share, subject to any withholding of taxes required by applicable law.