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

Role
Director, 10%+ Owner
Signature
Douglas Francis, 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, 04:29 PM
Next filing
Nov 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MAPS Class V Common Stock Award +17.2M 17.2M Jun 16, 2021 Direct F1, F2
transaction MAPS Class V Common Stock Award +8.47M 8.47M Jun 16, 2021 By LLC F1, F2, F3
transaction MAPS Class V Common Stock Award +1.47M 1.47M Jun 16, 2021 By LLC F1, F2, F4
transaction MAPS Class V Common Stock Award +601K 601K Jun 16, 2021 By LLC F1, F2, F5

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 A Units Award $0 +17.2M $0.00 17.2M Jun 16, 2021 Class A Common Stock 17.2M Direct F2, F6
transaction MAPS Post-Merger Class A Units Award $0 +8.47M $0.00 8.47M Jun 16, 2021 Class A Common Stock 8.47M By LLC F2, F3, F6
transaction MAPS Post-Merger Class A Units Award $0 +1.47M $0.00 1.47M Jun 16, 2021 Class A Common Stock 1.47M By LLC F2, F4, F6
transaction MAPS Post-Merger Class A Units Award $0 +601K $0.00 601K Jun 16, 2021 Class A Common 601K By LLC F2, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 below) held by such Class V Common Stock holder at the time of such vote.
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").
F3 Shares are held directly by Ghost Media Group, LLC ("Ghost Media") is controlled by Mr. Francis. Accordingly, Mr. Francis may be deemed to be a beneficial owner of the shares held by Ghost Media Group, LLC.
F4 Shares are held directly by WM Founders Legacy I, LLC ("WM Founders") is controlled by Mr. Francis. Accordingly, Mr. Francis may be deemed to be a beneficial owner of the shares held by WM Founders.
F5 Shares are held directly by Genco Incentives, LLC ("Genco") is controlled by Mr. Francis. Accordingly, Mr. Francis may be deemed to be a beneficial owner of the shares held by Genco.
F6 These Post-Merger Class A Units represent non-voting limited liability company interests of WMH. 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.