Douglas Francis - Apr 15, 2022 Form 4 Insider Report for WM TECHNOLOGY, INC. (MAPS)

Role
Director, 10%+ Owner
Signature
Douglas Francis, by /s/ Ron A. Metzger, Attorney-in-Fact
Stock symbol
MAPS
Transactions as of
Apr 15, 2022
Transactions value $
$0
Form type
4
Date filed
4/19/2022, 05:04 PM
Previous filing
Nov 3, 2021
Next filing
Jun 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MAPS Class A Common Stock Conversion of derivative security $0 +2.91M +9618.51% $0.00 2.94M Apr 15, 2022 Direct
transaction MAPS Class V Common Stock Conversion of derivative security $0 -2.91M -16.97% $0.00 14.3M Apr 15, 2022 Direct F1
holding MAPS Class V Common Stock 8.47M Apr 15, 2022 By LLC F1, F2
holding MAPS Class V Common Stock 1.47M Apr 15, 2022 By LLC F1, F3
holding MAPS Class V Common Stock 601K Apr 15, 2022 By LLC F1, F4

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 Conversion of derivative security $0 -2.91M -16.97% $0.00 14.3M Apr 15, 2022 Class A Common Stock 2.91M Direct F5
holding MAPS Post-Merger Class A Units 8.47M Apr 15, 2022 Class A Common Stock 8.47M By LLC F2, F5
holding MAPS Post-Merger Class A Units 1.47M Apr 15, 2022 Class A Common Stock 1.47M By LLC F3, F5
holding MAPS Post-Merger Class A Units 601K Apr 15, 2022 Class A Common 601K By LLC F4, F5
* 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 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.
F3 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.
F4 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.
F5 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.