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

Role: Chief Executive Officer, Director
Signature: /s/ Luvleen Sidhu, by Louis Adimando, as attorney-in-fact
Issuer symbol: N/A
Transactions as of: 31 Dec 2023
Net transactions value: -$112,245
Form type: 4
Filing time: 06 Mar 2024, 16:03:25 UTC
Previous filing: 13 Feb 2024
Next filing: 02 Apr 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BMTX	Common Stock	Award	$0	+64,090	+10%	$0.000000	675,761	31 Dec 2023	Direct
transaction	BMTX	Common Stock	Tax liability	$58,347	-28,462	-4.2%	$2.05	647,299	31 Dec 2023	Direct	F1
transaction	BMTX	Common Stock	Options Exercise	$0	+62,500	+9.7%	$0.000000	709,799	04 Jan 2024	Direct	F2
transaction	BMTX	Common Stock	Tax liability	$52,083	-24,684	-3.5%	$2.11	685,115	04 Jan 2024	Direct	F3
transaction	BMTX	Common Stock	Options Exercise	$0	+2,186	+0.32%	$0.000000	687,301	04 Jan 2024	Direct	F4
transaction	BMTX	Common Stock	Tax liability	$1,815	-860	-0.13%	$2.11	686,441	04 Jan 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	-62,500	-50%	$0.000000	62,500	04 Jan 2024	Common Stock	62,500		Direct	F2, F5
transaction	BMTX	Restricted Stock Unit	Options Exercise	$0	-2,186	-50%	$0.000000	2,185	04 Jan 2024	Common Stock	2,186		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.