Ajay Asija - Apr 6, 2024 Form 3 Insider Report for BM Technologies, Inc. (BMTX)

Role
CHIEF FINANCIAL OFFICER
Signature
/s/ Ajay Asija, by Louis Adimando, as attorney-in-fact
Stock symbol
BMTX
Transactions as of
Apr 6, 2024
Transactions value $
$0
Form type
3
Date filed
4/16/2024, 04:00 PM

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
holding BMTX Restricted Stock Unit Apr 6, 2024 Common Stock 150K $0.00 Direct F1
holding BMTX Performance-Based Restricted Stock Unit Apr 6, 2024 Common Stock 150K $0.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 One-fourth of the restricted stock unit award will vest as of each of the first, second, third and fourth anniversaries of the February 5, 2024 vesting commencement date, subject to the Reporting Person's continued employment with the Issuer, until fully vested on Febraury 5, 2028. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock upon vesting of the unit.
F2 Constitutes an award of Performance-Based Restricted Stock Units (PBRSUs), each of which represents the right to receive one share of the Issuer's common stock over a three to five-year performance period ending on February 5, 2029. The portion reported vests based upon the Issuer achieving certain levels of market capitalization and core EBITDA

Remarks:

Exhibit List - Exhibit 24: Power of Attorney