Douglas Francis - Feb 18, 2025 Form 4 Insider Report for WM TECHNOLOGY, INC. (MAPS)

Signature
/s/ Douglas Francis
Stock symbol
MAPS
Transactions as of
Feb 18, 2025
Transactions value $
-$127,432
Form type
4
Date filed
2/20/2025, 04:05 PM
Previous filing
Jan 3, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MAPS Class A Common Stock Sale -$124K -90K -0.99% $1.38 9.04M Feb 18, 2025 Direct F1
transaction MAPS Class A Common Stock Sale -$3.22K -2.33K -0.03% $1.38 9.04M Feb 18, 2025 Direct F1
holding MAPS Class V Common Stock 3.74M Feb 18, 2025 Direct F2, F3
holding MAPS Class V Common Stock 8.69M Feb 18, 2025 By Trust F2, F3, F4
holding MAPS Class V Common Stock 8.47M Feb 18, 2025 By LLC F2, F3, F5
holding MAPS Class V Common Stock 1.47M Feb 18, 2025 By LLC F2, F3, F6
holding MAPS Class V Common Stock 601K Feb 18, 2025 By LLC F2, F3, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale reported on this Form 4 represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units, as well as any related brokerage commission fees. The sale satisfies the tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
F2 These shares of Class V common stock ("Class V Common Stock") of the Issuer (as defined below) provide no economic rights in the Issuer to the holder thereof. However, each holder of Class V Common Stock will be entitled to vote with the holders of Class A common stock ("Class A Common Stock") of the Issuer, with each share of Class V Common Stock entitling the holder to a number of votes equal to the number of Post-Merger Class A Units (as described in footnote 3 below) held by such Class V Common Stockholder at the time of such vote.
F3 Post-Merger Class A Units represent non-voting limited liability company interests of WM Holding Company, LLC. Pursuant to the terms of an exchange agreement, these Class A units and an equivalent number of shares of Class V Common Stock are exchangeable on a one-for-one basis for shares of Class A Common Stock. These exchange rights do not expire.
F4 Shares are held directly by the Rebecca Francis Legacy Trust dated 5/14/24, of which the Reporting Person is the Investment Trustee.
F5 Shares are held directly by Ghost Media Group, LLC ("Ghost Media") which is controlled by Mr. Francis. Accordingly, Mr. Francis may be deemed to be a beneficial owner of the shares held by Ghost Media.
F6 Shares are held directly by WM Founders Legacy I, LLC ("WM Founders") which is controlled by Mr. Francis. Accordingly, Mr. Francis may be deemed to be a beneficial owner of the shares held by WM Founders.
F7 Shares are held directly by Genco Incentives, LLC ("Genco") which is controlled by Mr. Francis. Accordingly, Mr. Francis may be deemed to be a beneficial owner of the shares held by Genco.