James Francis Dullinger - 09 Mar 2023 Form 4 Insider Report for BM Technologies, Inc.

Role: Chief Financial Officer
Signature: /s/ James Dullinger, by Nelson Mullins Riley & Scarborough with Power of Attorney
Issuer symbol: N/A
Transactions as of: 09 Mar 2023
Net transactions value: -$1,760
Form type: 4
Filing time: 17 Mar 2023, 16:31:54 UTC
Previous filing: 05 Jul 2022
Next filing: 26 Apr 2023
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	+1,600		$0.000000	1,600	09 Mar 2023	Direct	F1
transaction	BMTX	Class A Common Stock	Tax liability	$1,760	-545	-34%	$3.23	1,055	09 Mar 2023	Direct	F2

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	-1,600	-11%	$0.000000	12,400	09 Mar 2023	Class A Common Stock	1,600		Direct	F1, F3

* 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 March 9, 2022. Restricted stock units convert into Class A common stock on a one-for-one basis.
F2	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 March 9, 2023.
F3	The remaining unvested portion of this restricted stock unit award will vest every year on March 9 until fully vested on March 9, 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.