Douglas Francis - Jun 16, 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 16, 2022
Transactions value $
-$46,153
Form type
4
Date filed
6/21/2022, 05:22 PM
Previous filing
Jun 10, 2022
Next filing
May 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MAPS Class A Common Stock Sale -$46.2K -10.1K -0.21% $4.57 4.75M Jun 16, 2022 Direct F1
transaction MAPS Class A Common Stock Award $0 +41.5K +0.87% $0.00 4.79M Jun 21, 2022 Direct F2
holding MAPS Class V Common Stock 12.4M Jun 16, 2022 Direct F3, F4
holding MAPS Class V Common Stock 8.47M Jun 16, 2022 By LLC F3, F4, F5
holding MAPS Class V Common Stock 1.47M Jun 16, 2022 By LLC F3, F4, F6
holding MAPS Class V Common Stock 601K Jun 16, 2022 By LLC F3, F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Price reported is a weighted-average sales price. The shares were sold at prices ranging from $4.55 to $5.59. The Reporting Person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F2 Represents the number of shares of Common Stock underlying restricted stock units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Common Stock. The RSUs will fully vest on the earlier of June 21, 2023 or the date of the Issuer's next annual meeting of stockholders, subject to acceleration, and subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2021 Equity Incentive Plan) through such vesting date.
F3 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 in footnote 4 below) held by such Class V Common Stock holder at the time of such vote.
F4 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.
F5 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.
F6 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.
F7 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.