Luvleen Sidhu - Jan 4, 2022 Form 4 Insider Report for BM Technologies, Inc. (BMTX)

Role
Chief Executive Officer, Director
Signature
/s/ Luvleen Sidhu, by Nelson Mullins Riley & Scarborough with Power of Attorney
Stock symbol
BMTX
Transactions as of
Jan 4, 2022
Transactions value $
-$1,817,037
Form type
4
Date filed
1/9/2023, 06:07 PM
Previous filing
Apr 26, 2023
Next filing
Apr 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BMTX Class A Common Stock Options Exercise $0 +62.5K +7.72% $0.00 872K Jan 4, 2022 Direct F1
transaction BMTX Class A Common Stock Tax liability -$149K -15.8K -1.81% $9.42 856K Jan 4, 2022 Direct F3
transaction BMTX Class A Common Stock Tax liability -$1.57M -292K -34.13% $5.39 564K Jan 4, 2023 Direct F4
transaction BMTX Class A Common Stock Options Exercise $0 +62.5K +11.08% $0.00 626K Jan 4, 2023 Direct F1
transaction BMTX Class A Common Stock Tax liability -$90.2K -16.7K -2.67% $5.39 610K Jan 4, 2023 Direct F5
transaction BMTX Class A Common Stock Options Exercise $0 +2.19K +0.36% $0.00 612K Jan 4, 2023 Direct F7
transaction BMTX Class A Common Stock Tax liability -$3.49K -648 -0.11% $5.39 611K Jan 4, 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 -62.5K -25% $0.00 188K Jan 4, 2022 Class A Common Stock 62.5K Direct F1, F2
transaction BMTX Restricted Stock Unit Options Exercise $0 -62.5K -33.33% $0.00 125K Jan 4, 2023 Class A Common Stock 62.5K Direct F1, F2
transaction BMTX Restricted Stock Unit Options Exercise $0 -2.19K -33.34% $0.00 4.37K Jan 4, 2023 Class A Common Stock 2.19K 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.