Luvleen Sidhu - 31 Mar 2024 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 Mar 2024
Net transactions value: -$18,348
Form type: 4
Filing time: 02 Apr 2024, 16:58:47 UTC
Previous filing: 06 Mar 2024
Next filing: 14 May 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	Options Exercise	$0	+25,000	+3.6%	$0.000000	711,441	31 Mar 2024	Direct	F1
transaction	BMTX	Common Stock	Tax liability	$18,348	-11,120	-1.6%	$1.65	700,321	31 Mar 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	-25,000	-25%	$0.000000	75,000	31 Mar 2024	Common Stock	25,000		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.