Douglas Francis - 31 Dec 2024 Form 4 Insider Report for WM TECHNOLOGY, INC. (MAPS)

Signature
/s/ Douglas Francis
Issuer symbol
MAPS
Transactions as of
31 Dec 2024
Net transactions value
$0
Form type
4
Filing time
03 Jan 2025, 21:00:06 UTC
Previous filing
12 Nov 2024
Next filing
20 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MAPS Class V Common Stock Gift $0 -8,691,425 -70% $0.000000 3,740,393 31 Dec 2024 Direct F1, F2
transaction MAPS Class V Common Stock Gift $0 +8,691,425 $0.000000 8,691,425 31 Dec 2024 By Trust F1, F2, F3
holding MAPS Class V Common Stock 8,469,191 31 Dec 2024 By LLC F1, F4, F5
holding MAPS Class V Common Stock 1,468,555 31 Dec 2024 By LLC F1, F4, F6
holding MAPS Class V Common Stock 600,618 31 Dec 2024 By LLC F1, F4, F7
holding MAPS Class A Common Stock 9,134,738 31 Dec 2024 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 On December 31, 2024, the Reporting Person transferred, for no consideration, 8,691,739 shares of the Issuer's Class V Common Stock to the Rebecca Francis Legacy Trust dated 5/14/24, of which the Reporting Person is the Investment Trustee.
F3 Shares are held directly by the Rebecca Francis Legacy Trust dated 5/14/24, of which the Reporting Person is the Investment Trustee.
F4 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 3 below) held by such Class V Common Stockholder at the time of such vote.
F5 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.
F6 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.
F7 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.