Duncan Grazier - 05 Dec 2022 Form 3 Insider Report for WM TECHNOLOGY, INC. (MAPS)

Role: Chief Technology Officer
Signature: Duncan Grazier, by /s/ Ron A. Metzger, Attorney-in-Fact
Issuer symbol: MAPS
Transactions as of: 05 Dec 2022
Net transactions value: $0
Form type: 3
Filing time: 14 Dec 2022, 16:27:02 UTC
Next filing: 23 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	MAPS	Class A Common Stock						120,158	05 Dec 2022	Direct	F1

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
holding	MAPS	Post-Merger Class P Units							05 Dec 2022	Class A Common	123,954	$0.000000	Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	Includes shares of Class A Common Stock underlying restricted stock units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A Common Stock. 55,869 shares remain subject to vesting through August 15, 2025 (with an original vesting schedule beginning on August 15, 2022 and vesting occurring in equal quarterly installments thereafter over three years) and 42,393 shares remain subject to vesting through February 15, 2026 (with an original vesting schedule beginning on May 15, 2022 and vesting occurring in equal quarterly installments thereafter over four years), subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2021 Equity Incentive Plan) through each such vesting date.
F2	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 the Issuer's 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.
F3	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").