Douglas Francis - Jun 8, 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: Jun 8, 2022
Transactions value $: $0
Form type: 4
Date filed: 6/10/2022, 05:33 PM
Previous filing: Apr 19, 2022
Next filing: Jun 21, 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	+1.82M	+61.78%	$0.00	4.76M	Jun 8, 2022	Direct
transaction	MAPS	Class V Common Stock	Conversion of derivative security	$0	-1.82M	-12.76%	$0.00	12.4M	Jun 8, 2022	Direct	F1
holding	MAPS	Class V Common Stock						8.47M	Jun 8, 2022	By LLC	F1, F2
holding	MAPS	Class V Common Stock						1.47M	Jun 8, 2022	By LLC	F1, F3
holding	MAPS	Class V Common Stock						601K	Jun 8, 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	-1.82M	-12.76%	$0.00	12.4M	Jun 8, 2022	Class A Common Stock	1.82M		Direct	F5
holding	MAPS	Post-Merger Class A Units						8.47M	Jun 8, 2022	Class A Common Stock	8.47M		By LLC	F2, F5
holding	MAPS	Post-Merger Class A Units						1.47M	Jun 8, 2022	Class A Common Stock	1.47M		By LLC	F3, F5
holding	MAPS	Post-Merger Class A Units						601K	Jun 8, 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 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.