Douglas Francis - Nov 18, 2025 Form 4 Insider Report for WM TECHNOLOGY, INC. (MAPS)

Signature
/s/ Douglas Francis
Stock symbol
MAPS
Transactions as of
Nov 18, 2025
Transactions value $
-$131,891
Form type
4
Date filed
11/20/2025, 07:07 PM
Previous filing
Aug 20, 2025

Reporting Owners (5)

Name Relationship Address Signature Signature date CIK
Francis Douglas Chief Executive Officer, Director, 10%+ Owner C/O WM TECHNOLOGY, INC., 41 DISCOVERY, IRVINE /s/ Douglas Francis 2025-11-20 0001519966
Ghost Media Group, LLC 10%+ Owner C/O WM TECHNOLOGY, INC., 41 DISCOVERY, IRVINE Ghost Media Group, LLC, by /s/ Douglas Francis, Manager 2025-11-20 0001859722
WM Founders Legacy I, LLC 10%+ Owner C/O WM TECHNOLOGY, INC., 41 DISCOVERY, IRVINE Genco Incentives, LLC, by /s/ Douglas Francis, Manager 2025-11-20 0001859724
Genco Incentives, LLC 10%+ Owner C/O WM TECHNOLOGY, INC., 41 DISCOVERY, IRVINE WM Founders Legacy I, LLC, by /s/ Douglas Francis, Manager 2025-11-20 0001859765
Rebecca Francis Legacy Trust dated 5/14/24, Douglas M. Francis, Trustee 10%+ Owner C/O WM TECHNOLOGY, INC., 41 DISCOVERY, IRVINE Rebecca Francis Legacy Trust dated 5/14/24, by /s/ Douglas Francis, Investment Trustee 2025-11-20 0002051673

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MAPS Class A Common Stock Sale -$132K -159K -1.82% $0.83 8.57M Nov 18, 2025 Direct F1, F2
holding MAPS Class V Common Stock 3.74M Nov 18, 2025 Direct F3, F4
holding MAPS Class V Common Stock 8.69M Nov 18, 2025 By Trust F3, F4, F5
holding MAPS Class V Common Stock 8.47M Nov 18, 2025 By LLC F3, F4, F6
holding MAPS Class V Common Stock 1.47M Nov 18, 2025 By LLC F3, F4, F7
holding MAPS Class V Common Stock 601K Nov 18, 2025 By LLC F3, F4, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale reported on this Form 4 represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units, as well as any related brokerage commission fees. The sale satisfies the tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
F2 Price reported is a weighted-average sales price. The shares were sold at prices ranging from $0.8241 to $0.8503. The Reporting Person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F3 These shares of Class V common stock ("Class V Common Stock") of the Issuer (as defined below) provide no economic rights in the Issuer to the holder thereof. However, each holder of Class V Common Stock will be entitled to vote with the holders of Class A common stock ("Class A Common Stock") of the Issuer, with each share of Class V Common Stock entitling the holder to a number of votes equal to the number of Post-Merger Class A Units (as described in footnote 4 below) held by such Class V Common Stockholder at the time of such vote.
F4 Post-Merger Class A Units represent non-voting limited liability company interests of WM Holding Company, LLC. Pursuant to the terms of an exchange agreement, these Class A units and an equivalent number of shares of Class V Common Stock are exchangeable on a one-for-one basis for shares of Class A Common Stock. These exchange rights do not expire.
F5 Shares are held directly by the Rebecca Francis Legacy Trust dated 5/14/24, of which the Reporting Person is the Investment Trustee.
F6 Shares are held directly by Ghost Media Group, LLC ("Ghost Media") which is controlled by Mr. Francis. Accordingly, Mr. Francis may be deemed to be a beneficial owner of the shares held by Ghost Media.
F7 Shares are held directly by WM Founders Legacy I, LLC ("WM Founders") which is controlled by Mr. Francis. Accordingly, Mr. Francis may be deemed to be a beneficial owner of the shares held by WM Founders.
F8 Shares are held directly by Genco Incentives, LLC ("Genco") which is controlled by Mr. Francis. Accordingly, Mr. Francis may be deemed to be a beneficial owner of the shares held by Genco.