Luvleen Sidhu - Dec 31, 2023 Form 4 Insider Report for BM Technologies, Inc. (BMTX)

Role
Chief Executive Officer, Director
Signature
/s/ Luvleen Sidhu, by Louis Adimando, as attorney-in-fact
Stock symbol
BMTX
Transactions as of
Dec 31, 2023
Transactions value $
-$112,245
Form type
4
Date filed
3/6/2024, 04:03 PM
Previous filing
Feb 13, 2024
Next filing
Apr 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BMTX Common Stock Award $0 +64.1K +10.48% $0.00 676K Dec 31, 2023 Direct
transaction BMTX Common Stock Tax liability -$58.3K -28.5K -4.21% $2.05 647K Dec 31, 2023 Direct F1
transaction BMTX Common Stock Options Exercise $0 +62.5K +9.66% $0.00 710K Jan 4, 2024 Direct F2
transaction BMTX Common Stock Tax liability -$52.1K -24.7K -3.48% $2.11 685K Jan 4, 2024 Direct F3
transaction BMTX Common Stock Options Exercise $0 +2.19K +0.32% $0.00 687K Jan 4, 2024 Direct F4
transaction BMTX Common Stock Tax liability -$1.81K -860 -0.13% $2.11 686K Jan 4, 2024 Direct F3

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 -62.5K -50% $0.00 62.5K Jan 4, 2024 Common Stock 62.5K Direct F2, F5
transaction BMTX Restricted Stock Unit Options Exercise $0 -2.19K -50.01% $0.00 2.19K Jan 4, 2024 Common Stock 2.19K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld by the Issuer to satisfy Reporting Person's tax obligations in connection with the grant of Management Incentive Bonus awards.
F2 Represents vested shares of restricted stock units granted on September 30, 2021. Restricted stock units convert into Common Stock on a one-for-one basis.
F3 Represents 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 January 4, 2024.
F4 Represents vested shares of restricted stock units granted on March 11, 2022. Restricted stock units convert into Common Stock on a one-for-one basis.
F5 The remaining unvested portion of this restricted stock unit award will vest every year on January 4 until fully vested on January 4, 2025. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock upon vesting of the unit.