James M. Donahue - Mar 31, 2024 Form 4 Insider Report for BM Technologies, Inc. (BMTX)

Role
President & CTO
Signature
/s/ James M. Donahue,by Louis Adimando, as attorney-in-fact
Stock symbol
BMTX
Transactions as of
Mar 31, 2024
Transactions value $
-$11,831
Form type
4
Date filed
4/2/2024, 04:56 PM
Previous filing
Mar 6, 2024
Next filing
May 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BMTX Common Stock Options Exercise $0 +18.8K +28.94% $0.00 83.5K Mar 31, 2024 Direct F1
transaction BMTX Common Stock Tax liability -$11.8K -7.17K -8.58% $1.65 76.4K Mar 31, 2024 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 -18.8K -25% $0.00 56.3K Mar 31, 2024 Common Stock 18.8K 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 March 24, 2023. Restricted stock units convert into 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 March 31, 2024.
F3 The remaining unvested portions of this restricted stock unit award will vest as of each of the second, third and fourth anniversaries of the March 31, 2023 vesting commencement date, subject to the Reporting Person's continued employment with the Issuer, until fully vested on March 31, 2027. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock upon vesting of the unit.