Robert H. Ramsey - 04 Jan 2022 Form 4 Insider Report for BM Technologies, Inc.

Role
Chief Financial Officer
Signature
/s/ Robert Ramsey, by Nelson Mullins Riley & Scarborough with Power of Attorney
Issuer symbol
N/A
Transactions as of
04 Jan 2022
Net transactions value
-$125,308
Form type
4
Filing time
09 Jan 2023, 17:04:41 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BMTX Class A Common Stock Options Exercise $0 +3,750 +6.5% $0.000000 61,555 04 Jan 2022 Direct F1
transaction BMTX Class A Common Stock Tax liability $12,500 -1,327 -2.2% $9.42 60,228 04 Jan 2022 Direct F3
transaction BMTX Class A Common Stock Tax liability $101,887 -18,903 -31% $5.39 41,325 04 Jan 2023 Direct F4
transaction BMTX Class A Common Stock Options Exercise $0 +3,750 +9.1% $0.000000 45,075 04 Jan 2023 Direct F1
transaction BMTX Class A Common Stock Tax liability $7,126 -1,322 -2.9% $5.39 43,753 04 Jan 2023 Direct F5
transaction BMTX Class A Common Stock Options Exercise $0 +2,004 +4.6% $0.000000 45,757 04 Jan 2023 Direct F7
transaction BMTX Class A Common Stock Tax liability $3,795 -704 -1.5% $5.39 45,053 04 Jan 2023 Direct F5

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 -3,750 -25% $0.000000 11,250 04 Jan 2022 Class A Common Stock 7,500 Direct F1, F2
transaction BMTX Restricted Stock Unit Options Exercise $0 -3,750 -33% $0.000000 7,500 04 Jan 2023 Class A Common Stock 7,500 Direct F1, F2
transaction BMTX Restricted Stock Unit Options Exercise $0 -2,004 -33% $0.000000 4,007 04 Jan 2023 Class A Common Stock 2,004 Direct F6, F7
* 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 September 30, 2021. Restricted stock units convert into Class A common stock on a one-for-one basis.
F2 The remaining unvested portion of this restricted stock unit award will vest every year on January 4 until fully vested on January 4, 2025. Each restricted stock unit represents the contingent right to receive one share of the Issuer's Class A common stock upon vesting of the unit.
F3 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 January 4, 2022.
F4 Shares withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting of merger consideration shares that the Reporting Person was directed from Customers Bancorp, Inc. in connection with a severance agreement the Reporting Person entered into with Customers Bancorp, Inc.
F5 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 January 4, 2023.
F6 Represents vested shares of restricted stock units granted on March 11, 2022. Restricted stock units convert into Class A common stock on a one-for-one basis.
F7 The remaining unvested portion of this restricted stock unit award will vest every year on January 4 until fully vested on January 4, 2025. Each restricted stock unit represents the contingent right to receive one share of the Issuer's Class A common stock upon vesting of the unit.