Douglas Francis - Jan 5, 2023 Form 4/A - Amendment Insider Report for WM TECHNOLOGY, INC. (MAPS)

Role
Executive Chair, Director, 10%+ Owner
Signature
Douglas Francis, by /s/ Ron A. Metzger, Attorney-in-Fact
Stock symbol
MAPS
Transactions as of
Jan 5, 2023
Transactions value $
$0
Form type
4/A - Amendment
Date filed
5/10/2023, 05:13 PM
Date Of Original Report
Jan 9, 2023
Previous filing
Jun 21, 2022
Next filing
Nov 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MAPS Class A Common Stock Other $0 -482K -9.14% $0.00 4.79M Jan 5, 2023 Direct F1
holding MAPS Class V Common Stock 12.4M Jan 5, 2023 Direct F2, F3
holding MAPS Class V Common Stock 8.47M Jan 5, 2023 By LLC F2, F3, F4
holding MAPS Class V Common Stock 1.47M Jan 5, 2023 By LLC F2, F3, F5
holding MAPS Class V Common Stock 601K Jan 5, 2023 By LLC F2, F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 5, 2023, the Issuer granted 481,927 restricted stock units to the Reporting Person, which the Reporting Person subsequently declined on May 8, 2023, and the Issuer rescinded.
F2 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 3 below) held by such Class V Common Stock holder at the time of such vote.
F3 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.
F4 Shares are held directly by Ghost Media Group, LLC ("Ghost Media") which is controlled by Mr. Francis. Accordingly, Mr. Francis may be deemed to be a beneficial owner of the shares held by Ghost Media.
F5 Shares are held directly by WM Founders Legacy I, LLC ("WM Founders") which is controlled by Mr. Francis. Accordingly, Mr. Francis may be deemed to be a beneficial owner of the shares held by WM Founders.
F6 Shares are held directly by Genco Incentives, LLC ("Genco") which is controlled by Mr. Francis. Accordingly, Mr. Francis may be deemed to be a beneficial owner of the shares held by Genco.