Justin Hartfield - Aug 9, 2023 Form 4 Insider Report for WM TECHNOLOGY, INC. (MAPS)

Role
10%+ Owner
Signature
Justin Hartfield, by /s/ Ron A. Metzger, Attorney-in-Fact
Stock symbol
MAPS
Transactions as of
Aug 9, 2023
Transactions value $
$0
Form type
4
Date filed
10/3/2023, 07:08 PM
Previous filing
Jun 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MAPS Class A Common Stock Disposed to Issuer $0 -236K -79.29% $0.00 61.7K Aug 9, 2023 Direct F1
holding MAPS Class V Common Stock 19.3M Aug 9, 2023 Direct F2, F3
holding MAPS Class V Common Stock 8.47M Aug 9, 2023 By LLC F2, F3, F4
holding MAPS Class V Common Stock 1.57M Aug 9, 2023 By LLC F2, F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares of Class A Common Stock underlying unvested restricted stock units that were forfeited upon Reporting Person's resignation from the Board of Directors of the Issuer.
F2 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.
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 Shares are held directly by Ghost Media Group, LLC ("Ghost Media") is controlled by Mr. Hartfield. Accordingly, Mr. Hartfield may be deemed to be a beneficial owner of the shares held by Ghost Media Group, LLC.
F5 Shares are held directly by WM Founders Legacy II, LLC ("WM Founders") is controlled by Mr. Hartfield. Accordingly, Mr. Hartfield may be deemed to be a beneficial owner of the shares held by WM Founders.