James F. Dullinger - 13 Jun 2023 Form 4 Insider Report for BM Technologies, Inc. (BMTX)

Role: Chief Financial Officer
Signature: /s/ James Dullinger, by Peter Strand pursuant to power of attorney filed on 4/17/2023
Issuer symbol: BMTX
Transactions as of: 13 Jun 2023
Net transactions value: -$2,637
Form type: 4
Filing time: 27 Jun 2023, 09:32:33 UTC
Previous filing: 16 May 2023
Next filing: 13 Feb 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	+3,067		$0.000000	3,067	13 Jun 2023	Direct	F1
transaction	BMTX	Class A Common Stock	Tax liability	$2,637	-848	-28%	$3.11	2,219	13 Jun 2023	Direct	F3

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	-3,067	-33%	$0.000000	6,133	13 Jun 2023	Class A Common Stock	3,067		Direct	F1, F2

* 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 June 13, 2022. Restricted stock units convert into Class A common stock on a one-for-one basis.
F2	The remaining unvested portion of this restricted stock unit award will vest every year on June 13 until fully vested on June 13, 2025. Each restricted stock unit represents the contingent right to receive one share of the Issuer's Class A common stock upon vesting of the unit.
F3	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 June 13, 2023.