James M. Donahue - 31 Oct 2023 Form 4 Insider Report for BM Technologies, Inc.

Role
President & CTO
Signature
/s/ James M. Donahue, by Louis Adimando, as attorney-in-fact
Issuer symbol
N/A
Transactions as of
31 Oct 2023
Net transactions value
-$435
Form type
4
Filing time
13 Feb 2024, 16:10:41 UTC
Previous filing
16 May 2023
Next filing
06 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BMTX Class A Common Stock Options Exercise $0 +760 +2.4% $0.000000 32,421 31 Oct 2023 Direct F1
transaction BMTX Class A Common Stock Tax liability $435 -185 -0.57% $2.35 32,236 31 Oct 2023 Direct F2

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 BMTX Restricted Stock Unit Options Exercise $0 -760 -50% $0.000000 760 31 Oct 2023 Class A Common Stock 760 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents vested shares of restricted stock units granted on May 12, 2023. Restricted stock units convert into Class A Common Stock on a one-for-one basis.
F2 Shares withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting and delivery of restricted stock units on October 31, 2023.
F3 The remaining unvested portion of this restricted stock unit award will vest on April 30, 2024, subject to the reporting person's continued employment with the Issuer. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock upon vesting of the unit.

Remarks:

Exhibit 24 - Power of Attorney