Arden Lee - Jun 16, 2021 Form 4 Insider Report for Silver Spike Acquisition Corp. (MAPS)

Role: Chief Financial Officer
Signature: Arden Lee, by /s/ Ron A> Metzger, Attorney-in-Fact
Stock symbol: MAPS
Transactions as of: Jun 16, 2021
Transactions value $: $0
Form type: 4
Date filed: 6/21/2021, 04:23 PM
Next filing: Dec 14, 2021

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	MAPS	Post-Merger Class P Units	Award	$0	+1.24M		$0.00	1.24M	Jun 16, 2021	Class A Common Stock	1.24M		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These Post-Merger WMH Class P Units represent non-voting limited liability company interests of WMH. Pursuant to the terms of an exchange agreement, each of these Class P units, upon vesting, is exchangeable into up to one share of Class A Common Stock at a variable exchange ratio that accounts for the participation threshold of the exchanged post-merger Class P Units. These exchange rights do not expire.
F2	Received pursuant to the Agreement and Plan of Merger, dated as of December 10, 2020, by and among Silver Spike Acquisition Corp. ("Silver Spike"), Silver Spike Merger Sub LLC, a direct, wholly-owned subsidiary of Silver Spike ("Merger Sub"), WM Holding Company, LLC, a Delaware limited liability company ("WMH"), and Ghost Media Group, LLC, a Nevada limited liability company, solely in its capacity as the initial holder representative, pursuant to which Merger Sub was merged with and into WMH, whereupon the separate existence of Merger Sub ceased and WMH became the surviving company and continued in existence as a subsidiary of Silver Spike, which subsequently changed its name to WM Technology, Inc. (the "Issuer").

Content

These Post-Merger WMH Class P Units represent non-voting limited liability company interests of WMH. Pursuant to the terms of an exchange agreement, each of these Class P units, upon vesting, is exchangeable into up to one share of Class A Common Stock at a variable exchange ratio that accounts for the participation threshold of the exchanged post-merger Class P Units. These exchange rights do not expire.

Received pursuant to the Agreement and Plan of Merger, dated as of December 10, 2020, by and among Silver Spike Acquisition Corp. ("Silver Spike"), Silver Spike Merger Sub LLC, a direct, wholly-owned subsidiary of Silver Spike ("Merger Sub"), WM Holding Company, LLC, a Delaware limited liability company ("WMH"), and Ghost Media Group, LLC, a Nevada limited liability company, solely in its capacity as the initial holder representative, pursuant to which Merger Sub was merged with and into WMH, whereupon the separate existence of Merger Sub ceased and WMH became the surviving company and continued in existence as a subsidiary of Silver Spike, which subsequently changed its name to WM Technology, Inc. (the "Issuer").